Magufuli’s directives hit capital markets

Tanzanian President John Magufuli’s leadership style has unnerved investors, with weekly turnover at the Dar es salaam Securities Exchange dipping by more than 95 per cent in the past two weeks.

Turnover fell to $813,128 last week, from $1.43 million the previous week; itself 90 per cent down from $14 million a week earlier.