Look busy, Magufuli is coming? Surely Tanzanian professionals are beyond this

[Al-Watan]

Ndio basi hivi, huu uzi unafuatwa na watu wengi, the thread has generated a lot of interest, so you would be doing justice by providing verifiable and comparable facts to support your allegations, you have put up some very interesting allegations about BOT and doubts on nation's industrial productivity, so the onus is your bruh, to prove them so those attempting to disprove you can counter with their facts.

In engagements like this, by using verifiable hard facts, statistics and raw figures, helps a lot in settling the long drawn battles of egos. There are so many instances I've been silenced this way and also I've had my last word and laugh too after following this simple procedure.
Toyota escudo najua unapita pita hapa kimya, hebu toa tamko.

BOT imepunguza interest rate toka 16% mpaka 9%, kwanza kutoka 16% mpaka 12% halafu wakaona haitoshi, uchumi unazidi kuanguka, mzunguko wa fedha unazidi kushuka, wakapunguza tena kutoka 12% mpaka 9%.

Na bado watu wanalia vyuma vinabana, unajua maana yake nini? Msemo huu ushafika Kenya?

Yote haya yamefanyika baada ya professional bankers kumwambia Magufuli mambo anayofanya ya kufungia hela za serikali ghafla BOT, bila mpango, yataharibu uchumi hata kama anafanya kwa nia nzuri.

The road to hell is paved with good intentions.

When you are stopping a speeding 18 wheeler,you do it methodically, not willy-nilly.

Magufuli being the stubborn dictator he is, instead of listening to these pros, he firesand intimidate them. To the extent that now aides are an echo chamber,they can't provide any constructive criticism.

All Africa has a very diplomatic piece on how Lawrence Mafuru, a respected professional and London Chartered banker, was removed from office because he dared to tell the president some truths steeped in the economy, rather than what the president wanted to hear.

Mr.Mafuru augured a gloomy predicament if the president was going to stifle the money supply without paying attention to economic indicators.The president did not listen. What Mr. Mafuru predicted is what is happenning now.

The story, in the tradition of journalistic integrity,cuts Magufuli more slacks than he deserves by equivocating and hedging in the name of balanced account what people in the know know as facts. Even well respected retired civil servants are lamenting how the president is bullying civil servants out of order.

The story on Mafuru is below

Tanzania: Mixed Views On Mafuru Removal

The story about cutting interest rates is below

Tanzania: BOT Cuts Interest Rate to 9 Per Cent

 

[Al-Watan]

Tanzania: BOT Cuts Interest Rate to 9 Per Cent
7 AUGUST 2017
Tanzania: BOT Cuts Interest Rate to 9 Per Cent

BANK of Tanzania (BoT) has slashed down its discount rate by three per cent from 12 per cent to nine per cent to improve lending rates to customers.

The cut, announced in circular to commercial banks over the weekend, comes into effect from today.

"The discount rate which is applicable to banks borrowings from Bank of Tanzania as a lender of last resort will also be used to discount the Treasury Securities," the BoT's Deputy Governor Administration and Internal Control, Julian Raphael said in the circular.

This is the second time major policy stance by the central bank to prop up lending to the private sector since President John Magufuli came to power some two years ago and following a steep drop in private sector credit growth last year.

In March this year, the Central Bank of Tanzania slashed the discount rate by 4 per cent from 16 per cent to 12 per cent improve lending rates on their customers.

It was the first time it has lowered borrowing costs since 2013. The central bank then asked commercial banks to consider lowering their lending rates to help spark credit growth after a steep drop in private-sector credit growth last year.

Lending to the private sector grew by 2.5 percent in 2016 after expanding 26.8 percent a year earlier, according to data from the central bank.

New lending to the agriculture, construction, transport and communication sectors was dramatically curtailed after a spike in non-performing loans.

Analysts view the rate cut as a measure to stimulate growth by encouraging banks to lend rather than investing in Treasuries and government bonds. In Tanzania, interest rates decisions are taken by the Bank of Tanzania.

The Bank of Tanzania official interest rate is the discount rate.

According to Trading Economics, interest Rate in Tanzania averaged 12.19 percent from 1972 until 2017, reaching an all time high of 67.50 percent in December of 1994 and a record low of 3.70 percent in October of 2009.

 

[Al-Watan]

9 DECEMBER 2016
The Citizen (Dar es Salaam)
Tanzania: Mixed Views On Mafuru Removal

Tanzania: Mixed Views On Mafuru Removal

By Deogratius Kamagi and Godfrey Kahango

Dar es Salaam/Mbeya — The removal of Mr Lawrence Mafuru from the powerful position of Treasury Registrar has prompted mixed views among analysts and politicians.

While others say the decision shows that President John Magufuli is sensitive to criticism and opinions that differ from his positions, others are of the view that people should not speculate on the move.

No reason has so far been given for the sacking of Mr Mafuru. A brief statement issued by State House on Wednesday evening said President John Magufuli had appointed Dr Oswald Mashindano to replace Mr Mafuru, who is to be assigned other duties.

Some analysts said yesterday that Mr Mafuru's removal could be a result of his outspokenness on various policy issues that seemed to "go against the grain," especially on the management of public finances.

Mr Mafuru was quoted recently saying it was not an offence for public institutions to open accounts with commercial banks.

The comments came after President Magufuli had repeatedly spoken against the depositing state funds in commercial banks, saying the government was at times being forced to borrow its own money from banks. A political analyst, who is also a member of the opposition Civil United Front, Mr Julius Mtatiro, told The Citizen that there was more to Mr Mafuru's removal than meets the eye.

"If difference in opinion between him and the appointing authority was the cause of tension then there was a need for him to explain to the President why he thinks he is right," he said.

However, he added that it was unlikely that Mr Mafuru was given an opportunity to explain his position. "It is unfortunate that our political leaders don't heed experts' professional advice."

Former CCM lawmaker Edmund Mjengwa said the impression that was being created was that Dr Magufuli does not need the advice of experts.

"President Magufuli is doing a wonderful job in building a new Tanzania, but the fact remains that he needs to value the advice of experts and his aides. He should also listen to ministers, permanent secretaries and even senior CCM officials," Colonel (rtd)


Mjengwa said. He added that he was aware that some of the President's aides feared they would be sacked if they said something that would not please their boss.

For his part, Kigoma Urban MP Zitto Kabwe said it was not wise to speculate on reasons behind the removal of Mr Mafuru, "who has done a commendable job in transforming the Treasury".

Mr Kabwe, a former chairman of the National Assembly's Public Accounts Committee, said Mr Mafuru was among the most patriotic civil servants he had worked with.

"If I'm asked to name the five most patriotic civil servants I have met and enjoyed working with, Mafuru will be one of them," said the ACT-Wazalendo chairman.

Mr Kabwe said he hoped that Dr Mashindano would continue the "good work" done by Mr Mafuru at the Treasury.

Former Kigoma South MP David Kafulila, said Mr Mafuru was a victim of the President's "immense" powers to hire and fire senior public officials.

"Granted, the President has constitutional powers to appoint and remove officials, but you cannot expect public officials to have peace of mind and deliver if things continue to be done in this manner."

Mr Kafulila added that it was within the Treasury registrar's authority to clarify statements made by the President.

Mr Mafuru holds a masters' degree in business administration from the University of Dar es Salaam and a certificate from the Chartered Institute of Banking in London.

Before joining the government as Director of Resource Mobilisation in the President Office (Presidential Delivery Bureau) he worked with various commercial banks in senior positions.

 

[jebs2002]

BOT imepunguza interest rate toka 16% mpaka 9%, kwanza kutoka 16% mpaka 12% halafu wakaona haitoshi, uchumi unazidi kuanguka, mzunguko wa fedha unazidi kushuka, wakapunguza tena kutoka 12% mpaka 9%.

Na bado watu wanalia vyuma vinabana, unajua maana yake nini? Msemo huu ushafika Kenya?

Yote haya yamefanyika baada ya professional bankers kumwambia Magufuli mambo anayofanya ya kufungia hela za serikali ghafla BOT, bila mpango, yataharibu uchumi hata kama anafanya kwa nia nzuri.

The road to hell is paved with good intentions.

When you are stopping a speeding 18 wheeler,you do it methodically, not willy-nilly.

Magufuli being the stubborn dictator he is, instead of listening to this pro, fired him.

All Africa has a very diplomatic piece on how Lawrence Mafuru, a respected professional and London Chartered banker, was removed from office because he dared to tell the president some truths steeped in the economy, rather than what the president wanted to hear.

Mr.Mafuru augured a gloomy predicament if the president was going to stifle the money supply without paying attention to economic indicators.The president did not listen. What Mr. Mafuru predicted is what is happenning now.

The story, in the tradition of journalistic integrity,cuts Magufuli more slacks than he deserves by equivocating and hedging in the name of balanced account what people in the know know as facts. Even well respected retired civil servants are lamenting how the president is bullying civil servants out of order.

The story on Mafuru is below

Tanzania: Mixed Views On Mafuru Removal

The story about cutting interest rates is below

Tanzania: BOT Cuts Interest Rate to 9 Per Cent

Kwenye BOLD...
Bila Rais wetu kuangalia hapo kwenye bold, kazi zote nzuri anazofanya zitayeyuka, kwa upande wangu bado naona siyo mbaya kwa BOT kuhifadhi hela zake, ambazo tukumbuke siyo zote nchini, hela zilizopo BOT ni asilimia ndoogo sana, tena ni za vyombo vya dola, swala la kijiuliza kwanini Benki binafsi nawo wameamuwa kufungia hela zao na riba kuendelea kuwa kubwa?!
Je hizi Benki binafsi zinafanya hivi ili kumkomoa JPM?! Ina maana Benki binafsi zilikuwa zinajiendesha kwa hela za serikali tu na siyo za raia hasa wafanyabiashara...?!
Kuna maswali kadha wa kadha ya kujiuliza kwa kweli..

 

[Al-Watan]

Kwenye BOLD...
Bila Rais wetu kuangalia hapo kwenye bold, kazi zote nzuri anazofanya zitayeyuka, kwa upande wangu bado naona siyo mbaya kwa BOT kuhifadhi hela zake, ambazo tukumbuke siyo zote nchini, hela zilizopo BOT ni asilimia ndoogo sana, tena ni za vyombo vya dola, swala la kijiuliza kwanini Benki binafsi nawo wameamuwa kufungia hela zao na riba kuendelea kuwa kubwa?!
Je hizi Benki binafsi zinafanya hivi ili kumkomoa JPM?! Ina maana Benki binafsi zilikuwa zinajiendesha kwa hela za serikali tu na siyo za raia hasa wafanyabiashara...?!
Kuna maswali kadha wa kadha ya kujiuliza kwa kweli..

Kuna habari nyingine BOT ilitangaza uzalishaji viwandani umepungua karibu 50%, naitafuta siioni.

Watu hawasomi habari hizi.

Halafu ujue habari kama hizi zikitoka BOT lazima ujue vyuma vimebana kweli, kwa sababu BOT wana vested interest ku paint a good picture, sasa wakisema uzalishaji viwandani umepungua 50%, unawaamini. Hawana incentive ya kudanganya kufanya namba ziwe mbaya zaidi, wana incentive kudanganya kufanya namba ziwe nzuri.

So inawezekana hapo wametumia overly optimistic accounting method, na hali halisi ni mbaya zaidi, it is in their interest to do so.

Halafu watu wanamsifia Mgufuli!

 

[Al-Watan]

Kwenye BOLD...
Bila Rais wetu kuangalia hapo kwenye bold, kazi zote nzuri anazofanya zitayeyuka, kwa upande wangu bado naona siyo mbaya kwa BOT kuhifadhi hela zake, ambazo tukumbuke siyo zote nchini, hela zilizopo BOT ni asilimia ndoogo sana, tena ni za vyombo vya dola, swala la kijiuliza kwanini Benki binafsi nawo wameamuwa kufungia hela zao na riba kuendelea kuwa kubwa?!
Je hizi Benki binafsi zinafanya hivi ili kumkomoa JPM?! Ina maana Benki binafsi zilikuwa zinajiendesha kwa hela za serikali tu na siyo za raia hasa wafanyabiashara...?!
Kuna maswali kadha wa kadha ya kujiuliza kwa kweli..

This is how things go.

Magufuli is an anti-business president.He view all business people as thieves.

During the campaign,he was boasting -falsely by the way- that his campaign did not take one cent from the business community. This is a bizarre statement.It shows a president with a mind that considers all business people as dirty thieves.

Thieves who are to be taxed heavily by the way.

So, because of this, business confidence is low.

Because business confidence is low, risks on loans is high.

Because risk on loans is high, interest rates must also be high to hedge against losses.

This is why BOT lowering interest rates is not helping money supply. Commercial banks are not lowering their interest rates even as BOT is lowering its interest rates.

The problem is not BOT's interest rate.

The problem is business confidence, politics, the Magufuli administration's stance towards business.

Even for public institutions, the government can meddle too much in their business decisions and cause them to fail.

The Kenyans may contribute a story or two about their Airline and its success or lackof, but I was listening to this BBC report, they were interviewing a former Ethiopian Airlines CEO, and asked him what was the secret of EA success. He said it was a combination of things, but one was that the govenment never interfered in their business decisions.

I was very close to one CEO of a very loaded parastatal in Tanzania, when I was back home. At one point, this Mzee, a man of high integrity, was considering removing his organization's money from NMB and put the money into Citibank.

Why?

NMB could not adhere to even the most basic of banking confidentiality principles when it came to his organizations money.In the end teh tiff was resolved, he made his fury known and NMB had to aplogize, after the Prime Minister intervened, but the guy was threatening to take the money, rightfully so, to Citibank. Because the Tanzanian banks were so shoddy it was affecting his business. You can imagine the carte blanche these people will feel they have if Magufuli decrees that there is no competition for this business.

 

[eliakeem]

Al-Watan

now you are coming.
providing facts and figures from credible source is what we expected to hear from a learned and brilliant person.
bravo.

 

[Al-Watan]

Al-Watan

now you are coming.
providing facts and figures from credible source is what we expected to hear from a learned and brilliant person.
bravo.

First things first, I am not a learned or brilliant person.

Giving me those accolades will only rob me of the cherished opportunity to curse you off prodigiously like a drunken sailor when you go off the rails.

And I love doing that so much, I won't compromise that freedom by accepting a membership in the club of learned and brilliant fellows.

I am a singular beast.

 

[Mwanzi1]

Tanzania: BOT Cuts Interest Rate to 9 Per Cent
7 AUGUST 2017
Tanzania: BOT Cuts Interest Rate to 9 Per Cent

BANK of Tanzania (BoT) has slashed down its discount rate by three per cent from 12 per cent to nine per cent to improve lending rates to customers.

The cut, announced in circular to commercial banks over the weekend, comes into effect from today.

"The discount rate which is applicable to banks borrowings from Bank of Tanzania as a lender of last resort will also be used to discount the Treasury Securities," the BoT's Deputy Governor Administration and Internal Control, Julian Raphael said in the circular.

This is the second time major policy stance by the central bank to prop up lending to the private sector since President John Magufuli came to power some two years ago and following a steep drop in private sector credit growth last year.

In March this year, the Central Bank of Tanzania slashed the discount rate by 4 per cent from 16 per cent to 12 per cent improve lending rates on their customers.

It was the first time it has lowered borrowing costs since 2013. The central bank then asked commercial banks to consider lowering their lending rates to help spark credit growth after a steep drop in private-sector credit growth last year.

Lending to the private sector grew by 2.5 percent in 2016 after expanding 26.8 percent a year earlier, according to data from the central bank.

New lending to the agriculture, construction, transport and communication sectors was dramatically curtailed after a spike in non-performing loans.

Analysts view the rate cut as a measure to stimulate growth by encouraging banks to lend rather than investing in Treasuries and government bonds. In Tanzania, interest rates decisions are taken by the Bank of Tanzania.

The Bank of Tanzania official interest rate is the discount rate.

According to Trading Economics, interest Rate in Tanzania averaged 12.19 percent from 1972 until 2017, reaching an all time high of 67.50 percent in December of 1994 and a record low of 3.70 percent in October of 2009.

Mimi sijasoma vyote huko nyuma lakini nadandia hapa because of the issue ya BOT. Sio jambo la ajabu for a central bank to reduce interest rate, some banks in developed world there rates have been ¼% if not 0% for more years i.e UK, Euro zone and more. Kenya wenzetu wameganda kwenye 10% main rate.

Kupunguza riba kunakuja kama nchi inona kuna haja ya ku stimulate appetite for loans. Kama mikopo imechukuliwa kwa wingi, wanabana kwa kuongeza interest rate ili kupunguza wimbi la mikopo. Wakati wa Kikwete companies and individual walichukuwa mikopo mingi for good reasons lakini pia wengi walichukuwa for bad reasons. Mtu anafanya yake anapata shamba la serikali, next thing you know, yuko benki anakopa lakini pesa ya mkopo inishia kwenye shuguli nyingine tofauti na walivyo kubaliana na bank.

Nchi bado inapitia huge auditing, na changamoto za hii auditing itawaumiza wengi labda hata uchumi utayumba but in the end will have accurate data ambayo itatusaidia kujuwa wapi tupo na wapi tunaenda. We'll know who owns what, how much they earn and how can we improve their way of doing things. For past 57 years of independence hatujawahi kukusanya data like this. Watu wanajijengea kiholela, mashamba hujuwi hili la nani, bishara inafunguliwa mtu anatapeli akimaliza hujuwi uende wapi kudai chako. Even if our economy will grow by 1-2% but accurate 1-2% kuliko kuwa na 7-8% growth rate huku watu wako bado wanashida na hawana cha kujivunia.

 

[MK254]

Exactly, mjadala sasa umebadilika na kutiririka kitaalam, with facts and figures laid bare for all and sundry by Al-Watan so anyone can attempt to dispute that but intellectually and intelligently, however a well informed Mwanzi1 has brought across a very interesting angle that explains much.

 

[dogowakitaa]

.

 

[eliakeem]

First things first, I am not a learned or brilliant person.

Giving me those accolades will only rob me of the cherished opportunity to curse you off prodigiously like a drunken sailor when you go off the rails.

And I love doing that so much, I won't compromise that freedom by accepting a membership in the club of learned and brilliant fellows.

I am a singular beast.

SAFI sana. sasa tutaenda pamoja. thanks for your last two educative posts. only facts and figures are appreciated in here, coz jf is a serious business.

wishing you all the best.

thanks.

 

[Al-Watan]

Mimi sijasoma vyote huko nyuma lakini nadandia hapa because of the issue ya BOT. Sio jambo la ajabu for a central bank to reduce interest rate, some banks in developed world there rates have been ¼% if not 0% for more years i.e UK, Euro zone and more. Kenya wenzetu wameganda kwenye 10% main rate.

Kupunguza riba kunakuja kama nchi inona kuna haja ya ku stimulate appetite for loans. Kama mikopo imechukuliwa kwa wingi, wanabana kwa kuongeza intrastate rate ili kupunguza wimbi la mikopo. Wakati wa Kikwete companies and individual walichukuwa mikopo mingi for good reasons lakini pia wengi walichukuwa for bad reasons. Mtu anafanya yake anapata shamba la serikali, next thing you know, yuko benki anakopa lakini pesa ya mkopo inishia kwenye shuguli nyingine tofauti na walivyo kubaliana na bank.

Nchi bado inapitia huge auditing, na changamoto za hii auditing itawaumiza wengi labda hata uchumi utayumba but in the end will have accurate data ambayo itatusaidia kujuwa wapi tupo na wapi tunaenda. We'll know who owns what, how much they earn and how can we improve their way of doing things. For past 57 years of independence hatujawahi kukusanya data like this. Watu wanajijengea kiholela, mashamba hujuwi hili la nani, bishara inafunguliwa mtu anatapeli akimaliza hujuwi uende wapi kudai chako. Even if our economy will grow by 1-2% but accurate 1-2% kuliko kuwa na 7-8% growth rate huku watu wako bado wanashida na hawana cha kujivunia.

You are very right in your main observation, analysis and conclusion.

And without context,your critique is outstanding. When I engage with someone like you, I temporarily cast aside any concern that the person I am engaging with does not know what they are talking about (unfortunately,I cannot say the same about eliakeem, he will have to behave or endure abuse, he is all over the map like a lost Magellan ), because, on the surface,you seem to know what you are talking about. Your retort is a natural one in this conversation for any thinking, informed person who knows how to connect dots.

I actually anticipated the points you raised.

My concern is not so much with the lowering of the interest rate, but with the scale, frequency, extent of direction, and the entire context of politics that surrounds this.

I try to be a reading man -as much as possible, I believe that to talk much one has to read much, else one does not earn the right-. Last year I read "The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse" by Mohamed A. El-Erian.He talks much about the dangers of overreliance on central banks to address crises. The book is dry as can be for anyone not interested in central banks, the economy and financial crises, but for me it was a good read, since I find these things as interesting as a living ecology.

It is almost like central banks are used as the magic pill. Politicians can mess up the economy all they want, if there is a crisis, there is always the central bank,it can always turn the dials to get the economy back on track. This is worrying, especially when you see a move from 16% to 12% in 5 months is not effective, then another move from 12% to 9% is barely registering any difference.

As pointed out above in another post of mine, we could be trying to turn the wrong dials. We could be trying to jolt money supply by fiddling with interest rates, while the real problem is business confidence and the political administration.

This is why a healthy dose of humility on the part of Magufuli could go a long way.

Currently, we do not have an iota of that dose.

I am afraid by the time the realization that we are in a ditch hits, it could be too late.

 

[Al-Watan]

Exactly, mjadala sasa umebadilika na kutiririka kitaalam, with facts and figures laid bare for all and sundry by Al-Watan so anyone can attempt to dispute that but intellectually and intelligently, however a well informed Mwanzi1 has brought across a very interesting angle that explains much.

We umekaa kama mtangazaji wa mpira, unatangaza mchezaji gani anakwenda vipi na mpira wapi, ingia kilingeni na wewe uchangie.

🙂

 

[joto la jiwe]

You are very right in your main observation, analysis and conclusion.

And without context,your critique is outstanding. When I engage with someone like you, I temporarily cast aside any concern that the person I am engaging with does not know what they are talking about (unfortunately,I cannot say the same about eliakeem, he will have to behave or endure abuse, he is all over the map like a lost Magellan ), because, on the surface,you seem to know what you are talking about. Your retort is a natural one in this conversation for any thinking person who knows how to connect dots.

I actually anticipated the points you raised.

My concern is not so much with the lowering of the interest rate, but with the scale, frequency, extent of direction, and the entire context of politics that surrounds this.

I try to be a reading man -as much as possible, I believe that to talk much one has to read much, else one does not earn the right-. Last year I read "The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse" by Mohamed A. El-Erian.He talks much about the dangers of overreliance on central banks to address crises. The book is dry as can be for anyone not interested in central banks, the economy and financial crises, but for me it was a good read, since I find these things as interesting as a living ecology.

It is almost like central banks are used as the magic pill. Politicians can mess up the economy all they want, if there is a crisis, there is always the central bank,it can always turn the dials to get the economy back on track. This is worrying, especially when you see a move from 16% to 12% in 5 months is not effective, then another move from 12% to 9% is barely registering any difference.

As pointed out above in another post of mine, we could be trying to turn the wrong dials. We could be trying to jolt money supply by fiddling with interest rates, while the real problem is business confidence and the political administration.

This is why a healthy dose of humility on the part of Magufuli could go a long way.

Currently, we do not have an iota of that dose.

I am afraid by the time the realization that we are in a ditch hits, it could be too late.

Hivi una ushahidi wowote unaokufanya useme with confidence kwamba"the real problem is business confidence and political administration?", kama una ushahidi tunaomba sana utueleze, ila kama ni mawazo yako tu, pia useme ili tujue. Pili uchumi wa Tanzania unafanya vizuri sana katika maeneo mengi sana ndiyo maana ni miongoni mwa nchi tano Africa zilizotajwa na IMF na WB zenye solid strong economy, wewe tatizo lako lipo wapi?

.
Kwasababu hakuna binadamu mkamilifu.

.
Na hivi ndivyo eliakeem na wengine tulivyosema kuwa siyo mkamilifu lakini mazuri yake ni mengi kuliko mapungufu.

 

[MK254]

We umekaa kama mtangazaji wa mpira, unatangaza mchezaji gani anakwenda vipi na mpira wapi, ingia kilingeni na wewe uchangie.

🙂

Hehehe!! I was only speaking on behalf of silent majority, huu uzi wa juzi tu na sasa una views 3,155 so every effort had to be made to make it informative and educative.
Unajua when people reason with verifiable facts and figures, things tends to slow down as respondents have to research and read data from various sources before writing anything, has happened to me a dozen times, there were days we used to engage with various guys in here, and moments were there when I could read almost all night just to dispel some disheartening and forthright assertion. Man don't I miss those days..... days when JF was a place for great thinkers.

So in a thread like this, one has to be cognizant of all possible shocks that have caused a decline in private sector credit growth before engaging or disputing anything herein. Leo naona hata wale jamaa kila siku wa CCM wanapitia mbali na huu uzi.

 

[Al-Watan]

Hivi una ushahidi wowote unaokufanya useme with confidence kwamba"the real problem is business confidence and political administration?", kama una ushahidi tunaomba sana utueleze, ila kama ni mawazo yako tu, pia useme ili tujue. Pili uchumi wa Tanzania unafanya vizuri sana katika maeneo mengi sana ndiyo maana ni miongoni mwa nchi tano Africa zilizotajwa na IMF na WB zenye solid strong economy, wewe tatizo lako lipo wapi?

Rais Magufuli, hata pale anapofanya mambo mazuri, yenye tija, ninayoweza kuyapa support, anayafanya kwa kelele sana zisizokuwa za lazima na zinazosababisha investor concern unnecessarily.

Ni kama vile anafanya kazi kisiasa zaidi ili watu wamsikie apate sifa, kuliko kuangalia maslahi ya nchi. Ukichukulia mfano habari za Acacia na Petra Diamonds, angeweza kufanya yote aliyoyafanya bila drama kubwa ambazo zimetupa headlines za ajabu kwamba tunataka kutoza kodi ya mabilioni ya ajabu. Hizi headlines zinatengeneza a confidence crisis. Uzuri ni kwamba nchi yetu ina mali nyingi, inakuwa vigumu kwa watu kukimbia kabisa, lakini rais analeta dent.

Hapa kuna habari ya serikali ku restore investor confidence, hata serikali yenyewe inajua kuna dent sasa

Tanzania government eager to restore investor confidence

FDI takes a 15% dip, macroeconomic policies partly to blame

Tanzania: Revealed - Why FDI Inflows to Tanzania Dipped By 15%

Top five risks of doing business in EA

Top five business risks for East Africa - CNBC Africa

• Regulatory risks in Tanzania: Unpredictable policymaking in Tanzania will continue to present major regulatory risks for international and regional investors. President John Magufuli’s grip on power is tightening, and his authoritarian style and erratic approach to legislation will further damage investor confidence. He will continue to use nationalistic legislation in the extractives industry as a way of increasing government revenue and addressing fiscal restraints, presenting a range of regulatory and political risks for investors in the short-to-medium term.

Tanzania loses status as preferred mining destination

Tanzania loses status as preferred mining destination

Tanzanian Leader's War for Taxes Puts Economy in Firing Line
Tanzanian Leader's War for Taxes Puts Economy in Firing Line

Ukiingia kwenye investors wa ndani, figures si rahisi kupata, lakini anecdotal evidence zinaonesha watu wanatozwa kodi za ajabu. Hivi karibuni Ali Mufuruki, a staunch Magufuli supporter, amelalamika jinsi watu wake walivyohainiwa kudaiwa kodi kishenzishenzikama wezi. Huu ni mfano mmoja unaowakilisha watu wengi sana, watu wengine wanaona bora wafunge biashara zao kuliko kunyanyaswa na serikali.

 

[joto la jiwe]

Rais Magufuli, hata pale anapofanya mambo mazuri, yenye tija, ninayoweza kuyapa support, anayafanya kwa kelele sana zisizokuwa za lazima na zinazosababisha investor concern unnecessarily.

Ni kama vile anafanya kazi kisiasa zaidi ili watu wamsikie apate sifa, kuliko kuangalia maslahi ya nchi. Ukichukulia mfano habari za Acacia na Petra Diamonds, angeweza kufanya yote aliyoyafanya bila drama kubwa ambazo zimetupa headlines za ajabu kwamba tunataka kutoza kodi ya mabilioni ya ajabu. Hizi headlines zinatengeneza a confidence crisis. Uzuri ni kwamba nchi yetu ina mali nyingi, inakuwa vigumu kwa watu kukimbia kabisa, lakini rais analeta dent.

Hapa kuna habari ya serikali ku restore investor confidence, hata serikali yenyewe inajua kuna dent sasa

Tanzania government eager to restore investor confidence

FDI takes a 15% dip, macroeconomic policies partly to blame

Tanzania: Revealed - Why FDI Inflows to Tanzania Dipped By 15%

Top five risks of doing business in EA

Top five business risks for East Africa - CNBC Africa

• Regulatory risks in Tanzania: Unpredictable policymaking in Tanzania will continue to present major regulatory risks for international and regional investors. President John Magufuli’s grip on power is tightening, and his authoritarian style and erratic approach to legislation will further damage investor confidence. He will continue to use nationalistic legislation in the extractives industry as a way of increasing government revenue and addressing fiscal restraints, presenting a range of regulatory and political risks for investors in the short-to-medium term.

Tanzania loses status as preferred mining destination

Tanzania loses status as preferred mining destination

Tanzanian Leader's War for Taxes Puts Economy in Firing Line
Tanzanian Leader's War for Taxes Puts Economy in Firing Line

Ukiingia kwenye investors wa ndani, figures si rahisi kupata, lakini anecdotal evidence zinaonesha watu wanatozwa kodi za ajabu. Hivi karibuni Ali Mufuruki, a staunch Magufuli supporter, amelalamika jinsi watu wake walivyohainiwa kudaiwa kodi kishenzishenzikama wezi. Huu ni mfano mmoja unaowakilisha watu wengi sana, watu wengine wanaona bora wafunge biashara zao kuliko kunyanyaswa na serikali.

Umetuma link nyingi sana, sidhani kama nitaweza kuzipitia zote, lakini nimesoma moja tu, lengo langu nilitaka kujua ni nani au huyo aliyeandika amepata ushahidi wowote toka kwa creidible sources kama WB au IMF, au ni mawazo yake binafsi anavyoona yeye?.

Kwa ufupi Magufuli ni kama anafanya overhaul ya uchumi mzima uliokua umeparaganyika, lazima wafanyabiashara wawe na wasiwasi, ndiyo sababu serikali inajitahidi kuwahakikishia inestors wasiwe na wasiwasi.

Kila gazeti au muandishi ataandika vile anavyofukiria na kupenda, lakini vyombo vya kuvisikiliza zaidi katika mambo ya uchumi ni WB na IMF, hao ndiyo wanaosikilizwa na investors, wakiizungumzia nchi kwa uzuri, basi investors wanakwenda kuwekeza, lakini wakizungumzia vibaya, wawekezaji wanakuwa na mashaka, hiyo ndiyo sababu kubwa inayoifanya Tanzania kuendelea kupokea FDI kwa wingi.

 

[Al-Watan]

Hehehe!! I was only speaking on behalf of silent majority, huu uzi wa juzi tu na sasa una views 3,155 so every effort had to be made to make it informative and educative.
Unajua when people reason with verifiable facts and figures, things tends to slow down as respondents have to research and read data from various sources before writing anything, has happened to me a dozen times, there were days we used to engage with various guys in here, and moments were there when I could read almost all night just to dispel some disheartening and forthright assertion. Man don't I miss those days..... days when JF was a place for great thinkers.

So in a thread like this, one has to be cognizant of all possible shocks that have caused a decline in private sector credit growth before engaging or disputing anything herein. Leo naona hata wale jamaa kila siku wa CCM wanapitia mbali na huu uzi.

Got you.

I make every effort to be a courteous gentleman. I believe my reply to Mwanzi1 has a chance to compete in this weeks "Model for Civility" competition in its profuse pleasantries.

However, I reserve the right to switch on any irritating ignoble with an irascable disposition.

 

[joto la jiwe]

Rais Magufuli, hata pale anapofanya mambo mazuri, yenye tija, ninayoweza kuyapa support, anayafanya kwa kelele sana zisizokuwa za lazima na zinazosababisha investor concern unnecessarily.

Ni kama vile anafanya kazi kisiasa zaidi ili watu wamsikie apate sifa, kuliko kuangalia maslahi ya nchi. Ukichukulia mfano habari za Acacia na Petra Diamonds, angeweza kufanya yote aliyoyafanya bila drama kubwa ambazo zimetupa headlines za ajabu kwamba tunataka kutoza kodi ya mabilioni ya ajabu. Hizi headlines zinatengeneza a confidence crisis. Uzuri ni kwamba nchi yetu ina mali nyingi, inakuwa vigumu kwa watu kukimbia kabisa, lakini rais analeta dent.

Hapa kuna habari ya serikali ku restore investor confidence, hata serikali yenyewe inajua kuna dent sasa

Tanzania government eager to restore investor confidence

FDI takes a 15% dip, macroeconomic policies partly to blame

Tanzania: Revealed - Why FDI Inflows to Tanzania Dipped By 15%

Top five risks of doing business in EA

Top five business risks for East Africa - CNBC Africa

• Regulatory risks in Tanzania: Unpredictable policymaking in Tanzania will continue to present major regulatory risks for international and regional investors. President John Magufuli’s grip on power is tightening, and his authoritarian style and erratic approach to legislation will further damage investor confidence. He will continue to use nationalistic legislation in the extractives industry as a way of increasing government revenue and addressing fiscal restraints, presenting a range of regulatory and political risks for investors in the short-to-medium term.

Tanzania loses status as preferred mining destination

Tanzania loses status as preferred mining destination

Tanzanian Leader's War for Taxes Puts Economy in Firing Line
Tanzanian Leader's War for Taxes Puts Economy in Firing Line

Ukiingia kwenye investors wa ndani, figures si rahisi kupata, lakini anecdotal evidence zinaonesha watu wanatozwa kodi za ajabu. Hivi karibuni Ali Mufuruki, a staunch Magufuli supporter, amelalamika jinsi watu wake walivyohainiwa kudaiwa kodi kishenzishenzikama wezi. Huu ni mfano mmoja unaowakilisha watu wengi sana, watu wengine wanaona bora wafunge biashara zao kuliko kunyanyaswa na serikali.

Nimejaribu kupitia hiyo link inayohusu kupungua kwa 15% ya FDI, katika sababu zilizotajwa hakuna hata moja inayohusu political administration, zaidi ya high interest rate, zingine zote ni mambo ya hali ya hewa kuwa mbaya, kuchuka kwa bei za bidhaa zetu huko nje, na mambo kama hayo.

Hiyo link ya kwamba Tanzania kutokua eneo la kuvutia mining industry, ukosoma ni tofauti kabisa na kichwa cha habari kilivyoandikwa, anahisi kwamba uenda hatua anazochukua Magufuli za kuhakikisha sector ya madini inafaidisha zaidi watanzania zikawafanya investors wasiwekeze, sasa hapo kweli kuna ushahidi wowote unaoonyesha kwamba Tanzania sio sehemu inayovutia for mining sector?