Tanzania's President Samia Suluhu Hassan receives her Johnson & Johnson vaccine against the coronavirus disease at State House in Dar es Salaam, Tanzania on July 28, 2021. Picture: REUTERS/EMMANUEL HERMAN
The “arrest will obviously give ESG-conscious investors some cause for concern,” said Connor Vasey, an analyst at Eurasia Group. “That said, Hassan has publicly discarded the constitutional debate in favour of focusing on economic reforms. The lack of policy distraction could be taken as a positive by some in the investment/business community.”
Hassan’s moves are aimed at luring sorely needed investments to add jobs in a country where 44% of the people are below the age of 15 years. Her decision to revive the gas project could make it one of Africa’s largest producers of the cleaner energy by 2028, with the central bank estimating that the start of the construction of the LNG terminal in 2023 could add two percentage points to economic growth.
“She’s had this opportunity to redress how regressive Magufuli’s presidency was,” said Oryem Nyeko, a researcher at Human Rights Watch in Uganda. “The arrest and the timing of it really just doesn’t look good as far as the hopes that many people had for change. Attacks on opposition was a major part of Magufuli’s presidency. It appears that she’s following in that direction.”
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