Ideas & Debate How Magufuli surprised mining corporates with drastic reformsFormer Tanzania President John Magufuli. The late President Magufuli of Tanzania will be remembered as the leader who was ready to “bulldoze” bureaucracy and status quo to promptly create socio-economic changes. With speed and resoluteness, he specifically changed the legal, regulatory, and fiscal frameworks governing the foreign dominated mining sector, all within two years of his presidency. Despite the large size of the mining sector in Tanzania, accrual of economic benefits to the country was deemed not significant enough. What is significant is that the Tanzania mining legal and regulatory precedents may influence how developing nations (including Kenya) negotiate future mining deals with corporate investors.

Source: The North Africa Journal March 23, 2021 16:18 UTC