Tanzanian President Samila Suluhu has hinted that her Kenyan counterpart, William Ruto, has been constantly begging her for help.
Speaking during a rally for International Women’s Day, President Suluhu said her country is doing well economically compared to her neighbors.
“My brothers and sisters, I want to tell you that Tanzania is doing well economically. In the entire East Africa region, we are better than other countries; let nobody lie to you. Right now, every country is complaining of dollar shortages while we have enough to last us four months,” said Suluhu.
Suluhu said Tanzania has been receiving requests from neighbors grappling with dollar shortages to guarantee their crude oil imports.
“Go to our neighbors; they do not have even a two-week supply. We are getting requests to guarantee their oil supplies, but we have just been pretending that the situation is bad for us as well,” she said.
Kenya is among the countries battling with an acute shortage of the US dollar as a result of the huge external debt. The shortage has led to a rise in the prices of fuel, food products, cooking oil, and steel, among others.
The Central Bank of Kenya (CBK) reported last week that forex reserves dropped to $6.6 billion (Ksh.845.46 billion) on March 2 from $6.86 billion (Ksh.878.76 billion) on February 23.
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