Saturday, May 18, 2024
HomeBusiness"Only mad people accept Chinese deals"- chides Tanzanian President Magufuli

“Only mad people accept Chinese deals”- chides Tanzanian President Magufuli

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DODOMA-(MaraviPost)-Tanzania’s President Dr John Magufuli is set to renegotiate a deal his country made with a Chinese Company to build a port in one of his many seashores as he said the deal settled for in 2013 is equivalent to selling their country to China.

Tanzanian Parliament in May 2019 was now questioning Magufuli’s stance as the groundbreaking that was supposed to happen four years ago but is yet to take place.

Magufuli explained his decision to halt the project temporarily by saying:

Those investors are coming with tough conditions that can only be accepted by mad people.

The investor told us once they build the port, there should be no any other port to be constructed all the way from Tanga to Mtwara south.

On another note, China is one of Zimbabwe’s biggest benefactors.

According to Hit In Juba, the Tanzanian govt had signed a deal with China Merchants Holdings International, China’s which meant the Chinese would build a port in Bagamoyo and a special economic zone to transform the country into a regional trade and transport hub.

Source: https://www.zimetro.co.zw


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Lloyd M’bwana
Lloyd M’bwanahttps://www.maravipost.com
I'm a Lilongwe University of Agriculture and Natural Resource (LUANAR)'s Environmental Science graduate (Malawi) and UK's ICM Journalism and Media studies scholar. Also University of Malawi (UNIMA) Library Science Scholar. I have been The Malawi Country Manager and duty editor for the Maravi Post since 2019. My duty editor’s job is to ensure that the news is covered properly, that it is delivered on time, and that it is created to the standards set out in the editorial guidelines of the Maravi Post.
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2 COMMENTS

  1. Truth is that he is renegotiating deals which were done before him so that he can have his share.

  2. Mr. President Magufuli congratulations for having a courage to stop such country selling project. Keep it up not only to this mad man project but also to all other mad deals which the country has signed with goons to exploit us to the nails. Fix them all.

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