Dar es Salaam, March 25 -- DAR ES SALAAM: GOVERNOR of the Bank of Tanzania (BoT), Emmanuel Tutuba, has reassured individual investors, businesspeople, and other stakeholders that the ‘Zanzibar Sukuk is safe.

Speaking at his office in Dar es Salaam, alongside a delegation from Zanzibar led by the Minister of State in the Presidents Office for Finance and Planning, Dr Saada Mkuya Salum, the Governor said that the Sukuk initiative is a result of the countrys financial law reforms, which have paved the way for such projects.

“We commend the government of Zanzibar for seeking funds through Sukuk for development projects.

This is a great initiative that could potentially be adopted by the Union government as well,” Tutuba s...