National carrier's losses flagged
Publish date: 12 April 2021
Issue Number: 917
Diary: IBA Legalbrief Africa
Category: Tanzania
Tanzania's auditor-general has revealed how the country's national airline revived by former President John Magufuli and touted as a success made significant losses over the last five years. Charles Kicheere said the 2019/2020 audit report reveals that the airline had made losses of $65m over the past five years. BBC News reports that he identified challenges such as the ‘lack of directors who had any experience in airline management’, which the government ought to address. He also cited problems in the management of the airline during the coronavirus pandemic last year, when aircraft were ground but continued paying rental fees to a government agency that owns them.