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- Feb 11, 2006
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- 7,878
- The president, Jakaya Kikwete, will retain his personal popularity in the final months of his first term, despite slower economic growth, continued corruption scandals and high inflation.
- The ruling party, Chama Cha Mapinduzi is likely to choose Mr Kikwete as its candidate in the presidential election in October 2010. He is expected to win, albeit with a smaller majority as voters express their discontent.
- Slower economic growth has hurt the public coffers and we have revised our fiscal deficit forecast to 5.3% of GDP in 2009/10 (previously 4%) and 5% of GDP in 2010/11 (previously 3.7%).
- A Canadian gold mining company, Barrick Gold, has announced that it plans to place all of its Tanzanian gold mining assets into a single company, African Barrick Gold, which will be listed on the London Stock Exchange.
- The Economist Intelligence Unit forecasts real GDP growth of 6% in 2010 and 7% in 2011 as investment, trade and tourism pick up slowly. Agriculture should also perform well (weather permitting), helped by government subsidies.