The Kenyan government is broke

KRA Collects more than 3 times TRA..our population,land,natural resources etc are few compared to them...where did u guys go wrong

78% are starving in Tz yet u got guts..the govt is denying such facts
Survey finds most Tanzanians go hungry, despite government denials
Kizito Makoye
3 Min Read


DAR ES SALAAM, March 7 (Thomson Reuters Foundation) - Most Tanzanians have experienced hunger in the past three months, with food shortages most severe in drought-hit rural areas, a countrywide survey found, despite government denials of a food crisis.

The survey by Tanzanian think tank Twaweza found that 78 percent of people had suffered food shortages in the past three months. In rural areas the figure rose to 84 percent compared to 64 percent in cities.

The findings came despite repeated government denials that the East African country was suffering food shortages. President John Magufuli has accused opposition politicians of fomenting a “fake” hunger crisis.

The Twaweza survey said in a country where 80 percent of the population rely on subsistence farming, some families have begun skipping meals.

In February, 65 percent of respondents had worried about their families not having enough to eat in the previous seven days, compared to 45 percent last September.

The research, part of polling platform Sauti za Wananchi—Africa’s first national survey of its kind, shows a sharp decline in food availability among families in the past three months.

“The current shortages and ongoing food insecurity underline the context of general vulnerability and income poverty,” researchers said.

Drought in East Africa has sent prices of staples such as maize and sorghum soaring, the U.N. Food and Agriculture Organization (FAO) said last month.

According to Bank of Tanzania data, the wholesale price of maize, a staple crop has doubled in the past 2 years from 400 Tanzanian shillings in 2015 to 1,253 ($0.60) per kilo in 2017.

Michael Dunford, head of the World Food Programme (WFP) in Tanzania said the U.N. agency is concerned about food insecurity in Tanzania and is monitoring the situation.

“There are pockets of food insecurity in the country. More information will be apparent in the next season,” Dunford said.

He said a recent government assessment identified more than a million people in 55 districts facing acute food insecurity between now and April 2017, before the next harvest in May.

Those in need of urgent food assistance are estimated at over 118,000.

However, Tanzania’s agriculture minister for Charles Tizeba said the situation is manageable.

“We are generally satisfied by various efforts taken to bring this situation under control,” he told the Thomson Reuters Foundation. (Editing by Ros Russell; Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women’s rights, trafficking, resilience and climate change. Visit news.trust.org)

Survey finds most Tanzanians go hungry, despite government denials

2) Tanzania ranks 151 out of 188 countries in the Human Development Index (2015).


3) Tanzania’s economy has grown strongly in recent years, driven mainly by telecommunications, financial services, transport and construction. Despite this progress, nearly 3 Tanzanians out of 10 live in poverty, and 1 in 3 is illiterate.


4) Approximately 80 percent of the population relies on subsistence farming, which makes them vulnerable to climatic, economic and seasonal shocks. With its market access initiatives, WFP helps farmers transition from subsistence farming to market-oriented agriculture.


5) More than 200,000 refugees live in Tanzania. WFP assistance is their main source of food. Through its Protracted Relief and Recovery Operation (PRRO), WFP provides a food basket of Super Cereal (fortified blended food), pulses, vegetable oil and salt to meet a minimum daily dietary requirement of 2,100 Kcal per person.


6) According to the National Nutrition Survey (2015), almost 35 percent of children under 5 in Tanzania are stunted.


7) Tanzania’s maternal mortality rate, while improving, remains high at 398 deaths per 100,000 live births. WFP is the only agency in the country to provide supplementary food to pregnant and nursing mothers and children under 5.


8) To treat moderate acute malnutrition (MAM), WFP provides a monthly take-home pack of fortified blended food to pregnant and nursing mothers and children under 5 through its Supplementary Feeding Programme (SuFP).


9) To prevent stunting, pregnant and nursing mothers and children under 2 receive a monthly take-home pack of Super Cereal under the Mother and Child Health and Nutrition (MCHN) Programme.


10) In 2016, WFP will assist half a million Tanzanians in chronically food-insecure regions, through its market access, food for assets, nutrition, school meal and refugee support activities.

UN World Food Programme
 
Hahaba wakenya bana. Maisha yao yanaendelea kuwa magumu.
 
Tanzania criticises Moody's for negative rating outlook
Reuters Staff

3 Min Read


DAR ES SALAAM, March 5 (Reuters) - Tanzania criticised Moody’s decision to impose a negative outlook on the country’s first international credit rating, saying the agency’s concerns about the business climate were misleading.

Moody’s on Friday assigned Tanzania a “B1” credit rating with a negative outlook, the FIRST time the country has been given a rating by any of the big international agencies.

Moody’s said the negative outlook was justified by unpredictable policymaking, which could affect economic growth and the ability to attract foreign investment.

The government in the East African nation has tussled with mining and energy firms, as it sought to renegotiate their contracts, alarming foreign investors.

“Tanzania rejects the negative outlook on the credit rating. The government expected Moody’s to sit down with the government to discuss any queries they may have after their review,” Ben Mwaipaja, a Ministry of Finance and Planning spokesperson, said on Monday.

He said the government had taken several steps to improve the business environment, without offering details.

Tanzania has prioritised infrastructure investment as part of a five-year national development plan with a goal of achieving middle income status by 2025.

Moody’s said Tanzania’s debt could rise to 43 percent of GDP in 2020 from 40.2 percent last year. Nevertheless, the agency expects the debt burden to remain below that of regional peers.

“The average maturity of Tanzania’s debt is relatively long because of a large share of multilateral, concessional external borrowing, which helps partly offset a very low revenue base and supports debt affordability,” the agency said in a statement.

Analysts said a “B1” rating, even with a negative outlook, was decent, given worsening debt profiles across Africa.

“It’s a similar rating to Ethiopia, better than Rwanda, better than Kenya. So as a debut issuer, it’s a decent rating,” Charles Robertson, chief economist at London-based frontier and emerging markets investment bank Renaissance Capital, said.

“Given Tanzania’s low per capita GDP, its a good rating.”

In 2016, Tanzania said it wanted to issue a debut Eurobond to finance infrastructure projects, but it has delayed the process due to a lack of a credit rating.

Mwaipaja did not comment on the plan to issue a Eurobond.

Robertson said the Moody’s rating suggested a Eurobond might be issued this year and foreign investors who like diversification would be interested in Tanzania.

“Investors might give Tanzania lower borrowing costs than Kenya, based on this rating,” he said, referring to Kenya’s issue of dollar bonds last month. (Reporting by Fumbuka Ng’wanakilala and Omar Mohammed Editing by Duncan Miriri and Susan Fenton)
Tanzania criticises Moody's for negative rating outlook
 
Tanzania: Seven Year-Bond
SEVEN years bond auction by the Bank of Tanzania (BoT) last Wednesday received high investors' attention that resulted into an over subscription by over two times.

The bank's auction summary shows that the debt instrument attracted bids worth 230.9bn/- compared to 100bn/- sought to be raised. Despite the over subscription, the government retained the amount worth 150bn/-.

The government uses the debt instrument for raising funds for implementing long term projects investment like road and railway infrastructure development. Investors continue to use substantial amount in investing in the risk free debt instrument, an initiative that has for long affected the growth of credit to the private sector.

Tanzania: Seven Year-Bond Attracts Twice Amount Needed
 
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