Monday, February 7, 2011

Kikwete: Abject poverty looms despite good economic growth





Monday, September 1, 2008

By Elias Mhegera

PRESIDENT Jakaya Kikwete yesterday declared that the
country still faced the challenge of promoting economic growth
to reduce surging poverty levels that were still prevalent despite
the impressive growth rates achieved so far.

In his address to the nation through the Parliament, the
President addressed several key areas that covered the state of
the economy, Union matters, the issue of Muafaka, corruption,
leadership code, judiciary, and women integration in the
political process.

He said some of the challenges to economic
growth were due to natural catastrophes and shortages that
were not anticipated before. “The noise that the public
is making about increased costs of living is not out of the blue,
it is justifiable,” said President Kikwete, who acknowledged
the difficult economic and social conditions people were now
facing.

He outlined the factors that had led to these conditions
as including the energy crisis that had brought about sharp
increases of oil prices and the 2006 drought that hit the
country hard, leading to scarcity of electricity.

The President also hinted at other economic challenges like global inflation,
which, he said, had been on the increase since the fourth phase
government came to power.

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