By ERNEST C. AMBALI 1. The world has nothing for nothing The dollar on the road you picked Is something for something. Had you not to the road walked You would have had nothing for nothing. 2. The world has nothing for nothing. Even charity given to the needy Is not something for nothing. Had the giver not seen…
By Correspondent Ernest C. Ambali The Tanzania Investment Bank (TIB) is now assured of nearing to its envisioned zenith—“to be the premier development bank that promotes economic growth by offering complete financing solutions to clients”. The assurance follows the recent one billion/- in the National Assembly meeting in Dodoma by the Deputy Minister for Finance and Economic Affairs, Mr…
By Correspondent Ernest C. Ambali The commanding colour of the CRDB Bank, the bank that listens, is green. Those who are educated in colour significance as given by Dr. Marx Lüscher in his book, “The Lüscher Colour Test”, this colour means “self-preservation”. Writing in short on the origin of colour significance, Lüscher who was Professor of Psychology at Basle…
SPECIROZA JOSEPH What can one do with Tsh 20,000? The amount is just a peanut but for Zahrouk Khalfan Ahmed, a mother of three – two boys and a girl; it was all she had, when she started her business venture. She says Rocky’s Products, a food processing firm at Kariakoo, was born out of that little cash a…
THEO MUSHI SMALL and Medium-scale enterprises (SMEs) are vital in all productive sectors of the economy so as to speed up the pace of industrialization. SMEs are found in all the productive sectors of the economy – including manufacturing, agro-processing, mining, fishing, tourism and commerce. However, they invariably face the problem if access to capital because of lack of…
THEO MUSHI ONE of the achievements of the Third Phase Government was to contain the inflation rate from 36 per cent in 1995 to 4.5 per cent in 2004. This was due to fight monetary policy through which the Bank of Tanzania controlled the supply of money to the economy in consistent with projected economic growth rates. Low and…
STAKEHOLDERS in the welfare of Tanzania have advised the Government in Dar to change tack and resort to using domestic revenues to implement the second phase of its National Strategy for Growth & Reduction of Poverty (NSGRP-II). If the Government continues to depend on donor funding – as it did for the first phase of the Strategy – this…
Felix Kaiza While touring his home region, Tanzania’s Prime Minister Mizengo Pinda went through two experiences worth putting on record. He received a three-hundred-shilling boost from a teenage boy to help him secure nomination papers for a parliamentary seat in the forthcoming general elections. That is politics. That is their game. Then he found himself saying Tanzania has reached…
By Felix Kaiza The Doha sitting of the United Nations Convention on International Trade in Endangered Species (CITES) has declared a halt on the Tanzania and Zambia campaigns to pump ivory from their stockpiles into the market, purportedly to plough back some of the accrued revenues into elephant population conservation programmes. These essentially entail anti-poaching activities. On this one,…
Benjamin Mkapa Special Economic Zone (BWM- SEZ) Emmanuel D Tayari Poverty is today the most pressing problem for the Tanzanians. There is sharp disagreements on which is the best way we should follow to fight poverty, between either people who believe in Socialism and people who believe in Capitalism. At the end of the day these differences do not…