Tanzania’s president has said East African neighbours are facing a foreign currency reserve crisis.
President Samia Suluhu Hassan said Tanzania had received requests from its neighbours to offer guarantees for import cover for fuel.
She made the remarks on Wednesday while reassuring about Tanzania’s economic footing.
“We have [foreign currency] reserves that can last for four months, our neighbours don’t even have reserves to last for a week.”
“We are receiving requests [from neighbours] to offer guarantees for fuel imports. I tell them we are in the same situation – although our economy is stronger.”
Mrs Samia said Tanzania’s economy was the most economically stable in the region at the moment.
