what is this meremeta thing? Mara ni chombo cha jeshi mara ni mali ya benki kuu.
Since when jeshi became a mining company?
Was it part of compromise by serikali kuu to make sure that just like before when jeshi and ulinzi were looting hazina, we will coninue to have amani, utulivu na mshikamano?
Here is what i see after reading this news clip from eastafrican and relate to orodha ya mafisadi:kipengele cha pili kuhusiana na balali.
Kama conspiracy theorist, i am tempted to say that jeshi went to mkapa asking for extra operation and expenses money or to run some covert operations. This must have been as soon as mkapa became a president.
When mkapa became a president, taifa was at hali mbaya, focus of mkapa was to pay off the debts, increase tax collection and fund special projects such as education, health and barabara as part of kujenga mkukuta.
The problem as i see is that jeshi needed money to feed its old habits. Jeshi is a beast! They need operation money that gets approved with bunge and expenses money to calm down vijana wasichafue hali ya hewa like 1964!
Majiniasi created a scheme to form a mining company meremeta. They founded a financial and equity firm that had money; triennex which funded the project to explore dhahabu (how can you go to hazina to get funding for a covert operation?) which was in jeshi's property (ardhi geita/buhemba).
Thus meremeta became a joint venture between triennex (which provided capital only and had no interest in the revenue than a return of their capital and interest) and jeshi (which owned the land). Since this was covert operation (scheme) it makes sense why the company (meremeta) was registered in uk and no local lawyers or such were used (siri).
When everything fell apart in 2001. Jeshi failed to run the project and thus hazina had to bail out jeshi and meremeta. Then bilali became ceo of meremeta on his capacity as gavana with all guys from hazina, madini and other places. Mzigo wa jeshi ukawa mzigo wa taifa.
The money that was remitted by bot in amount of $118.4 mil, was to repay the equity investment (principal and interest) to triennex!
Sasa mshike mshike is that pesa zimelipia covert operation, it has become public and we wonder why would serikali own a company registered outside of tanzania and watanzania will continue to wonder why bot and hazina own a kampuni ya madini!
From this perspective, slaa and zimbwe will lose to pursue their case and demands for documentation. Bilali and others who know the real deals will come out untouched. Question remains, what happened to the initial investment (capital) by triennex? What happened to dhahabu explored? Why no one at jeshi is being held accountable (kumbuka operations of meremeta project were 100% jeshi)?
Then we need to ask ourselves, what are we "consipracy theorist" going to find on mwananchi green, tan gold and other schemes that make our politicians and technocrats look like "wahujumu na mafisadi"?
In search of tangold related news and business.....
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