Zanzibar’s Economic Surge: Robust Auditing Drives 7.4% Growth in 2023
Zanzibar has achieved a remarkable economic transformation, with the region experiencing a substantial 7.4% growth rate in 2023, a significant leap from the mere 1.3% recorded in 2020. The President attributes this remarkable progress to stringent public resource auditing and effective governance.
During the closing ceremony of Audit Week, the President highlighted how comprehensive financial oversight has directly enhanced critical social services, including education, healthcare, infrastructure, and public utilities. Strategic auditing has been instrumental in advancing key infrastructure projects such as roads, ports, airports, and public markets.
The government’s commitment to transparency has yielded impressive results. Recent reports indicate a 90% average savings in public funds through new financial systems, with project transparency reaching an outstanding 96.8%. Public financial management awareness has dramatically increased by 98%, while system integration in government operations has risen from 48% to 97.4%.
“Good governance is crucial for our nation’s continued development,” the President emphasized. He stressed that accountability is a collective responsibility involving all sectors, from government institutions to citizens.
The Controller and Auditor General reinforced this message, noting that transparent resource management is fundamental to economic growth. By implementing rigorous audit mechanisms and promoting accountability, Zanzibar is setting a new standard for public financial management.
As the region looks forward, these strategic approaches promise continued economic momentum and sustainable development for Zanzibar.
