IMF raises concern over Tanzania’s government policies

A general picture shows the skyline of Tanzania's port city of Dar es Salaam. [Photo, Reuters]

NAIROBI, KENYA: Tanzania’s economy will be subdued if recent government policies and legislation continue, threatening to hit growth in East Africa’s third largest economy, an International Monetary Fund report seen by Reuters on Thursday said.

President John Magufuli’s government has embarked on an ambitious program of industrialization, but foreign investment in the country has fallen after contentious government interventions in the mining and agriculture sectors.