Rostam backs Magufuli on ATCL

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Tanzanian billionaire Rostam Aziz has said the government decision to revive Air Tanzania Limited in a time when the global aviation sector is surrounded by complexity is commendable due to spill benefits of pro

“In a business environment where some pay tax and others, either evade or pay less tax, it means there is no fair competition…In the long run, a few businessmen achieve more at the expense of others. We should try to avoid this, and I thank the president for emphasizing on it,’’ he noted further. Mr Aziz said that it was time for the country to grow its economy and raise its revenues to be able to finance big projects, such as reviving the Airline and financing the construction of the Sh6.5 trillion hydro-power project at Stiegler’s Gorge, situated in Rufiji Basin, Coast Region. “With the airline, the truth is, it may not make profit and that’s understandable. But, believe me, the airline has wider economic benefits for the nation, even as it may continue making losses…it will help boost tourism, the cost of flying will go down, it will create jobs and increase other businesses associated with it,’’ he explained.

Rostam backs Magufuli on ATCL

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