Shilingi ya Tanzania inazidi kuangukia pua

Shilingi ya Tanzania inazidi kuangukia pua

Stano said:
Those look like infrastructure projects.Why do you need a lot of USD to pour cement. You already manufacture a lot of that.
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Maybe imports of machine and payments...i really know last year we imported alot( just ATC planes where worth >500mil USD) ..and this puts too much pressure o the currency ...because of cashew nut exports and tourism is not good in January

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Kobello said:
Tanzania's major trading partners (imports) are India, China, UAE, South Africa and Japan. In a one year period, Tanzanian shilling has gained its value compared to the RMB, Rand and Rupee and lost its value (by less than 3%) when compared to the Dirham and Yen.
Those currencies account for about 50% of our imports and exports. So, nothing to be worried about. The KES imports are merely 4% of our trade and keeps on declining.
Click to expand...

I am not an expert in Forex, so I won't make much impact in engaging any CCM parrots who are well oiled and fully equipped to put up twists in such topics, but one thing I know, I've imported stuffs from China and India while in Tanzania and for sure everything was quoted in USD and that's the currency we used to pay.
I remember one instance where we won a tender which we had quoted using Tshs, but the project involved importing stuffs in USD, the client delayed releasing the contract, yaani within a very short time the damn Tshs had taken a beating from USD such that the original project quote Tshs amount wasn't making sense anymore and we couldn't vary due to PPRA regulations.
That's the pain of running projects in a country whose currency is volatile against dollar.....
 
MK254 said:
I am not an expert in Forex, so I won't make much impact in engaging any CCM parrots who are well oiled and fully equipped to put up twists in such topics, but one thing I know, I've imported stuffs from China and India while in Tanzania and for sure everything was quoted in USD and that's the currency we used to pay.
I remember one instance where we won a tender which we had quoted using Tshs, but the project involved importing stuffs in USD, the client delayed releasing the contract, yaani within a very short time the damn Tshs had taken a beating from USD such that the original project quote Tshs amount wasn't making sense anymore and we couldn't vary due to PPRA regulations.
That's the pain of running projects in a country whose currency is volatile against dollar.....
Click to expand...
The first sentence sums it all.
Should be followed by ... "so I'll just shut up .."
 
Kobello said:
The first sentence sums it all.
Should be followed by ... "so I'll just shut up .."
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Nah! Can't shut up when I have so much experience to share as opposed to 'paper tigers'.

After crosses and losses, men grow humbler and wiser - Ben Franklin (1706-1790)
 
MK254 said:
Kipindi nikiwa Tanzania rate ilikua Tsh 20 = 1 Ksh, lakini leo muamala wa Mpesa ya Voda kuja kwa Kenya, rate inatumika Tsh 23.48 = 1 Kshs
Kwa dollar ndio imebamizwa chini maana naona rate inachezea kwenye Tshs 2,320 = 1 USD

Najua waimba pambio za kusifu hamtakawia na zile kauli zenu za kusema hata Yen ya Japan iko ovyo, ila mnasahau Japan hawategemei kuagiza agiza kila kitu kutoka nje, wao wana viwanda, sasa kwa hali kama hii mfanya biashara ndani ya Tanzania anayetegemea kuagiza kutoka nje ili auze ndani lazima anaonja cha moto.
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nina mpango wa kuhamia KE mana uhuru alisema kama nikiwa na kitambulisho cha utaifa naweza kufanya shughuli zangu huko kama raia au vipi mzee baba MK254
 
Mkikuyu- Akili timamu said:
7% growth
Most inclusive economy
Top FDI destination
Those are the TZ results while kenya struggles with Highest inequality, corruption and sluggish growth just like communist North Korea
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7% for the last 20 years and Danganyika is still the poorest nation on earth ,tell me if your leaders have not attended the best cookery classes you can think of
 
Planett said:
nina mpango wa kuhamia KE mana uhuru alisema kama nikiwa na kitambulisho cha utaifa naweza kufanya shughuli zangu huko kama raia au vipi mzee baba MK254
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Hehehe! Karibu sisi tumeshatambua umuhimu wa wageni, wapo huku wanapiga mishe balaa.....kwanza kama ukiwa mjanja changamkia biashara ya kuuza bidhaa baina ya nchi hizi mbili.
 
Depay said:
7% for the last 20 years and Danganyika is still the poorest nation on earth ,tell me if your leaders have not attended the best cookery classes you can think of
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Steady and inclusive growth for all takes more time than Corrupt growth for a few
 
vulcan said:
One day this year i will visit TZ and see this "inclusive development" you keep talking about..
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Walking around Tz to findout "inclusivity of an economy" is a lame, simplistic and pedestrian way of analysis..
Best is you visit TBS website (Ranked best and most accurate Gov Econ statistics institute in Africa by IMF/WB) or go to WB website..
But hey, visit Dar and see for yourself a clean crime free vibrant city
 
Mkikuyu- Akili timamu said:
Walking around Tz to findout "inclusivity of an economy" is a lame, simplistic and pedestrian way of analysis..
Best is you visit TBS website (Ranked best and most accurate Gov Econ statistics institute in Africa by IMF/WB) or go to WB website..
But hey, visit Dar and see for yourself a clean crime free vibrant city
Click to expand...

It should not be so difficult to see how well people are fairing in a country, by visiting a country and looking how organised it is, the quality of the cheapest luxury services , housing and sanitation standards , how easy they are able to afford and get basic services...
A week of staying in a country and talking to the people will give you a general view before i go to look at the official statistics..
 
MK254 said:
Nah! Can't shut up when I have so much experience to share as opposed to 'paper tigers'.

After crosses and losses, men grow humbler and wiser - Ben Franklin (1706-1790)
Click to expand...
Yeah ..... experience.
 
Mkikuyu- Akili timamu said:
7% growth
Most inclusive economy
Top FDI destination
Those are the TZ results while kenya struggles with Highest inequality, corruption and sluggish growth just like communist North Korea
Click to expand...

CCM vocabulary.
We're used to such big words, yet GDP gap widens every year.
It's tragic to cook your own data, and then go ahead and believe them.
 
MK254 said:
I am not an expert in Forex, so I won't make much impact in engaging any CCM parrots who are well oiled and fully equipped to put up twists in such topics, but one thing I know, I've imported stuffs from China and India while in Tanzania and for sure everything was quoted in USD and that's the currency we used to pay.
I remember one instance where we won a tender which we had quoted using Tshs, but the project involved importing stuffs in USD, the client delayed releasing the contract, yaani within a very short time the damn Tshs had taken a beating from USD such that the original project quote Tshs amount wasn't making sense anymore and we couldn't vary due to PPRA regulations.
That's the pain of running projects in a country whose currency is volatile against dollar.....
Click to expand...

recall the difference btn floating and fixed rate.
Bro Mkikuyu- Akili timamu explained it very clear.
 
Kobello said:
Tanzania's major trading partners (imports) are India, China, UAE, South Africa and Japan. In a one year period, Tanzanian shilling has gained its value compared to the RMB, Rand and Rupee and lost its value (by less than 3%) when compared to the Dirham and Yen.
Those currencies account for about 50% of our imports and exports. So, nothing to be worried about. The KES imports are merely 4% of our trade and keeps on declining.
Click to expand...

"Tanzania major trading partners are India, China, UAE, Japan.."
Lol.. I've got news for you.
International trade is conducted in dollars.
 
vulcan said:
One day this year i will visit TZ and see this "inclusive development" you keep talking about..
Click to expand...

Don't bother. I've been there countless time.
I don't dispute the fact that they are inclusive. But they are all inclusive in poverty.
 
kennedy0000 said:
CCM vocabulary.
We're used to such big words, yet GDP gap widens every year.
It's tragic to cook your own data, and then go ahead and believe them.
Click to expand...
Great Lets Zero in on data cooking..
IMF/WB report on national economic data bureaus 2018 (Africa)
No1. NBS -National bureau of statistics tanzania
No 53. KNBS - kenya National bureau of statistics
Has IMF also used a "faulty formular" to rank these institutions as well? 😂😂😂
JPM does not loose sleep because of a tribal corrupt alqaida war zone north of his country..he has many development things to do
 
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