ZANZIBAR, Nov. 24 -- ZANZIBARS newly appointed Minister of Finance and Planning, Dr Juma Malik Akil, has pledged to build on the foundations laid by his predecessors to ensure the financial sector remains stable, efficient and strongly aligned with the countrys economic goals.

Speaking shortly after the official handover ceremony from outgoing minister Dr Saada Mkuya Salum at the ministry offices in Vuga, Dr Akil said the ministry carries a “critical responsibility” in steering the national economy.

He stressed that his leadership will focus on strengthening revenue sources to protect the financial system from shocks.

“We have a major responsibility to safeguard the economy and ensure our revenue streams remain stable...