willyTrinidad
JF-Expert Member
- Jul 14, 2018
- 441
- 455
- Thread starter
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- #101
Mnapata shida kufinance the project because banks and donors don’t want to sink money in a useless project. The world bank actually prefers to fianance the old railway than this SGR. Ethopia produces way more electricity than TZ but bado wako na shida of maintaining uninterrupted operations.As far as Tanzanians we complain life is too tough to bear but Kenyans you've your own story. From our side, money circulation in the country used to be 10%. Under P.M it's only 8% in the circulation making our life the way it is.
A few years ago the same thing used to be in Kenya(life being 3 tough.) The price of unga rose bringing a multiple of complains from the common mwananchi. People used to prefer chapo n rice to ugali which raised national alarms considering the intimate bond between luhyas n ugali.
To my surprise, I noticed JUBILEE used a high interest loan from the chinese to dilute the failure feeling among Kenyans over the jubilee's reign.(empty promises like 5 word class studiums...)
So as far as tz we are behind Kenyans in terms of infrastructure, still we are doing great. The success on our SGR deal, till now it's our local currency that has financed the project. You laugh at us but remember P.M is looking for a low interest loan unlike your leader. What I know, the tzd's grand project of st. Stigler gorge and the expansion of bagamoyo port all are going to be financed 100% by Chinese low interest laons will put our public debt to 30% level which is far much below in comparison to all our east African counterparts.
So as much tuko ligi ndogo. Wait for ruto to take over ndio mshtuke you lose a good portion of your foreign investors to tz due to the corruption rate that's obviously going to increase.
For the mean time, we are doing it just perfectly fine.
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The world bank -No
BRICS & South Africa - No
EXIM bank - No
Ndio maana emperor kusema tutajenga na fedha zetu (ambazo hamna) 😂😂