Zanzibar President, Dr Hussein Mwinyi, speaking during the ceremony to distribute dividends to Zanzibar SUKUK investors and launch a social security system that follows Islamic principles at the Zanzibar State House recently. PHOTO/JESSE MIKOFU
Unguja. Zanzibar President Dr Hussein Ali Mwinyi has said that, for the first time, the share of domestic revenue has risen significantly, enabling the Isles to finance much of its operations using its own resources—thanks to robust digital systems and tighter revenue controls.
He said that through the Zanzibar Sukuk initiative, the government has successfully financed several strategic projects, strengthened investor confidence, and opened new avenues for private sector participation in national development.
