Dar es Salaam, April 30 -- ZANZIBAR: ZANZIBAR has installed firm control and follow-up mechanism in the implementation of Zanzibar Sukuk financed projects, President Hussein Mwinyi has assured.

Speaking at the closure of the first investment phase of the bond here yesterday, Dr Mwinyi assured that the raised fund will be directly directed to the execution of strategic and high return development projects.

Minister of State, Presidents Office, Finance and Planning Dr Saada Mkuya Salum presented the investment certificates to Union President Samia Suluhu Hassan and Zanzibars Dr Mwinyi as strategic investors in the bond.

President Samias daughter Wanu, received the certificate on behalf of her mother, while President Mwinyi received his i...