Ooh Poor NSSF!! - What is this?

[WildCard]

Kuna SSRA imezinduliwa jana na Rais wetu. Ngoja tuone kama wataidhibiti hii NSSF inayoburuzwa na Zitto.

 

[CAMARADERIE]

majuzi mfuko uliandaa mkutano wa siku tatu wa stakeholders ambao ushiriki wake ulikuwa bure kwa mtu yeyote. Hukushiriki alas!

mimi nilishiriki na hili halikuzungumzwa

 

[CAMARADERIE]

Kuna SSRA imezinduliwa jana na Rais wetu. Ngoja tuone kama wataidhibiti hii NSSF inayoburuzwa na Zitto.

Unajua kwa nini imezinduliwa jana? Au wakati huu?

 

[The Finest]

Kuna SSRA imezinduliwa jana na Rais wetu. Ngoja tuone kama wataidhibiti hii NSSF inayoburuzwa na Zitto.

If one way or another the allies of the President wanashiriki mchezo mchafu within NSSF unafikiri hizo SSRA zina uwezo wa kuidhibiti NSSF

 

[Tata]

Binafsi ningependa Mdhibiti na Mkaguzi Mkuu aambiwe kupitia kwanza vitabu vya NSSF kabla ya kupewa mradi huu mkubwa.. something is def very wrong.

Pamoja na mdhibiti ambaye kimsingi ataangalia masuala ya mahesabu na kama yanakidhi viwangi vya kimataifa, tunahitaji kuwapata wataalamu huru wa ACTUARIAL SCIENCE ambao watatathmini uhai wa muda mrefu wa huu mfuko na kama hii miradi wanayoifanya inahakikishia wanachama uendelevu wa maslahi yao ya uzeeni.

Kwa mtazamo wangu miradi kama hii ya umeme inatakiwa itumie pesa inayotokana na uwekezaji (return on existing investiment) na siyo michango ya kila mwezi ya wanachama. Hapa nina maana hayo mabilioni wanayopanga kutumia yawe yametokana na income from investment na kama income from investment haitoshi watafute mbia atakayelipa tofauti iliyobaki.

 

[Pascal Mayalla]

[My Take:

Not convinced yet. Probably I need to convince them of why their arguments are not convincing enough and why my position is better!

Mkuu Mwanakijiji, wakati tukisubiri hiyo position yako, kwa maoni yangu, NSSF hawana matatizo ya kifedha interms of capacity.

Duniani kote mifuko ya pensheni, ndio yenye easy secure money, wanakusanya fedha za wafanyakazi, wana zinvest kwenye hiyo miradi, lengo la msingi ni kuboresha mafao, kama hawa NSSF wako fiti kihivyo wanavyojidai, then washinikizwe waanze kulipa social security kwa Watanzania wote ikiwemo unemployed benefits na sio kutapanya fedha za wafanyakazi.

Defence kuu ya NSSF kufanya inayoyafanya, ni kujivunia hoja kuwa mafao ya wafanyakazi siku zote yako safe kwa sababu waweinvest kwenye treasury bonds ambazo ni very secure investments, hivyo uwekezaji wote unaiofanyika, unatumia fedha za ruturns na sil zile principal contributions.

Wasiwasi wangu sio ability ya NSSF kuyafanya hayo inayoyafanya, bali capacity to manage such huge projecys as NSSF, mifuko mingine dunioni kote, huwa inaunda SPV (Special Propose Vehicle) kusimamia investment na equity funds, wao NSSF wanasimamia wenyewe, ndio maana wajanja kama kina Manji, wakawaingiza mjini, na Mzalendo Mengi akalipigia kele sana hili.

Tatizo kubwa la umasikini wa wafanyakazi na Watanzania kwa ujumla, tunaoparate on cash budget, wakati wenzetu wote walioendelea wana oparate on credit facilities/ credit cards. Hawa NSSF wanatakiwa wawewezeshe wanachama wao kuitumia michango yao individually kama colateral ili wakopesheke, PSPF angalau wameanza, ila ni kwa mikopo ya nyumba tuu, NSSF wafungue milango kwa mikopo yoyote ili kila mwanachama kuitumia rasilimali ya michango yake kama dhamana ya kukopesheka kwa maendeleo.

Mchezo mchafu wa Quality Plaza na ile Millenium Park ni uthibitisho wa kama una akili, fedha za NSSF ni mtaji bwerere, tatizo lao mtaji huo ni kwe wenzetu wenye rangi za kupendeza na viongozi wakuu wa kitaifa tuu ambao hata wala sio wanachama wa NSSF.

 

[Ernesto Che]

Our money are embezzled badly due to poor thinking of govt leaders, dont they think we have right to decide over our money... we are the stakeholders... why not involved??? myself never even aware of this! Poor me and my family

 

[Kobello]

There are still other options on the table!Nobody said it's a done deal.

However, I don't see anything wrong with NSSF investing in power generation. The government failed to unbundle TANESCO mainly because transmissiom and distribution part of power supply in Tanzania is not feasible enough for competent private power suppliers to invest without hiking tarrifs to at least 100%(just a figure...u know!)

The government ignored TANESCO,never invested in its infrastructure which is obsolete and waste a lot of watts before reaching the ultimate consumer,40% of electricity generated in Tanzania is wasted,compared to 13% as the international standard.If TANESCO infrastructure allowed at least 25% loss,currently about 100MW would have been still usable,THE EFFICIENCY ISSUE IS VITAL AND NEEDS TO BE ADDRESSED!

I will personally rule TANESCO out on a commercial point of view too!,because,if I owned a bank,that will be the worst customer to ever lend any amount of money. TANESCO through government siphoned a lot of funds from BIMA,AKIBA and the likes to subsidize Zanzibar and the rest, unable to make substancial profits due to poor returns.So what makes you think it's a good idea to give TANESCO money? Other than......uh, national interests?

My two pennies big hommie!!

 

[Songoro]

Ikiwa CAG basi atangaze tender hasa ipate international recognised Audit firm espicially big 4 ambao kwa mfumo wa utendaji wao itatoka genuine report maana sheria inamruhusu kufanya hivyo maana akiifanya CAG mwenyewe ingawa sheria zinamlinda lakini anaweza kuingiliwa during work in progress ambayo huvuruga report.kama tuna nia njema nafikiri baada ya kuumwa na nyoka tuwe makini na kila tunachofanya hatutaki baadae kuwa na mjadala wa nssf kuomba serikali kuisaidia kulipa wanachama wake!

Kajifunze sheria kabla ya Kuropoka, Dunia nzima kazi za audit sio kama ujenzi wa matundu ya vyoo, hairuhusiwi kutangazwa, Audit firm hairuhusiwi kuomba kazi yenyewe ndo huwa inaombwa!!! siasa imewafanya kujiona mnajua kila kitu

 

[Logician]

Hivi wachangiaji wa huu mfuko (wengi ni waajiriwa katika sekta/makampuni binafsi) wana nafasi yoyote katika kuamua ni kwa namna gani michango yao inatumiwa?

In short, yes! Tripartite representation gives workers right to be represented in the Fund's board.

The key issue here is whether the Board is doing its work properly to oversee management? Experience shows that DGs are sometimes very powerful than the Board. Is this the case for NSSF and other funds? let us wait no answer rather check how decisions are made, reasons behind such decisions and their outcomes.

 

[Logician]

Why not NSSF funds TANESCO to impliment those plans/strategies?
Why NSSF while we have TANESCO? -Contradition- Zitto+ Dau=UFISADI

In sensitive issues like this the great people would wish to see us discussing issues, no name calling!

 

[MTAZAMO]

Kajifunze sheria kabla ya Kuropoka, Dunia nzima kazi za audit sio kama ujenzi wa matundu ya vyoo, hairuhusiwi kutangazwa, Audit firm hairuhusiwi kuomba kazi yenyewe ndo huwa inaombwa!!! siasa imewafanya kujiona mnajua kila kitu

Watu wengine pasua kichwa haswa!! Sijasema audit firm iombe mkuu,kisheria CAG anaweza kuteua Audit firm yeyote yenye sifa kufanya kazi kwa niaba yake.umekurupuka mkuu.

 

[MTAZAMO]

Toa hoja songoro hapa hatuzungumzi nani awe kiongozi au habari ya vyama,mkishindwa hoja mnaanza kulia eti siasa,na hiyo siasa nafikiri tuitafutie tafsiri mpya chini ya hamad rashid maana mmezidi kulialia hovyo!

 

[MTAZAMO]

Why not NSSF funds TANESCO to impliment those plans/strategies?
Why NSSF while we have TANESCO? -Contradition- Zitto+ Dau=UFISADI[



In sensitive issues like this the great people would wish to see us discussing issues, no name calling!

nimekupata mkuu kwa mwongozo

 

[popiexo]

Kodi zetu wanazitumia vibaya na kushindwa kufanya shughuli za maendeleo sasa wanahamia kwenye pension zetu, baada ya hapo sijui kitafuata nini!!

 

[The Finest]

"Ooh Poor NSSF!! - What is this?"

What is so poor about that?

What do you mean about "What is this?"

If you do not know what NSSF doing, it's called, diversified investment.

Its very normal for Social Security Funds, not only in Tanzania, to invest in energy related projects.

Is there anything wrong with that?

What a poor reply!!!

 

[Saint Ivuga]

Promises 300 MW by year-end

To construct bigger gas pipeline



The National Social Security Fund (NSSF) has decided to invest in power generation, promising to add 300 Megawatts to the national grid before December this year.


NSSF has also shown interest in acquiring the Kiwira Coal Mine in Mbeya and constructing a large gas pipe from Songosongo and Mnazi Bay to Mkuranga, Dar es Salaam, Tanga and Mwanza.


This was revealed yesterday in Dar es Salaam by the Fund’s Director General, Dr Ramadhan Dau when explaining the institution’s future plans to members of the Parliamentary Parastatal Organizations Accounts Committees (POAC) chaired by Kigoma North MP, Zitto Kabwe.


Dr Dau said NSSF has decided to pitch into energy sector in a bid to rescue the country from power problems which have now resulted into endless rationing.
He said their consultant was working on the plans, after which the Fund will announce a tender for purchase of electricity plants.


“We have decided to invest in power due to on-going problems. Our aim is to start producing electricity by end of the year,” he said. He told the MPs that the electricity generators will be fixed in Dar es Salaam.


Concerning Kiwira Dr Dau said they have decided to purchase the mine after the government failed to repay the long outstanding debt of USD 31million.
He said initially the government borrowed a total of USD 7 million in 2007 to invest in Kiwira Coal Mine with a promise to repay it after six months, but it had failed in its commitment.


He said the fund is ready to take the mine with all its debts and start afresh. Dr Dau said the mine will produce efficiently under the institution.
He however, he told the MPs that NSSF plans to construct a huge gas pipeline, to transport the item from the southern regions. He said the current line has no capacity to increase the flow of gas to meet the growing demand.
He said the pipeline will increase the gas flow for both electricity and domestic consumption, adding that it will facilitate power production at Dar es Salaam and Mkuranga in the Coast region, where they are going to fix another plant.

“We expect to start implementing these gas projects in two years”, he said.
He also said that NSSF plans to start construction of the long awaited Kigamboni Bridge this year. He said the bridge will be constructed at the cost of USD 120 million.

He said the delay was caused by lack of funds after NSSF had unsuccessfully requested for funds from Holland. He said that they were requesting a total of EURO 22 million.


Meanwhile, the committee chairperson, Zitto Kabwe criticised the government for failing to repay in time, money it borrowed from public institutions.
Kabwe wondered whether the government through Dar es Salaam City Council would be able to repay the funds it had taken from NSSF for construction of the ‘Machinga’ Complex.


He said the Complex was yet to be fully functional as petty traders dillydallied in leasing rooms due to high rental fees.
“The complex is not functioning. I wonder whether you will accomplish the plan of constructing similar buildings when its president has already promised the same for petty traders in Mwanza,” said Zitto.

Members of Parliament have been pushing the government to allow NSSF to invest in power which includes ownership of Kiwira Coal Mine.


Last December, the Minister for Energy and Minerals, William Ngeleja said Kiwira would be placed under Tanesco and Stamico, but quickly added that discussions between responsible parties would give a clear direction of the issue.


THE GUARDIAN


My Take:

Not convinced yet. Probably I need to convince them of why their arguments are not convincing enough and why my position is better!

and who was supposed to build KIGAMBONI BRIDGE?? msaada please

 

[BONGOLALA]

hii miradi ni ya kumpatia dr dau pesa ya kustaafia.mimi nilishangaa aliposema arusha by end of this year 300mw wataingiza grid ya taifa.kumbe wala wala alikua hajajua huo umeme utatoka wapi.sasa anaangalia source za power zilezile zenye kutupa shida kila siku!aaagh ahhh

 

[Saint Ivuga]

TIC tells NSSF to build Dar bridge or else

Monday, 24 January 2011 16:56 Daniel Semberya



DAR ES SALAAM, TANZANIA - The Tanzania Investment Centre (TIC) has raised serious concern with the National Social Security Fund (NSSF) to seriously embark on the construction of the long awaited Kigamboni Bridge across Dar es Salaam harbour which has enormous economic impact to the nation.
In an interview with the East African Business Week in Dar es Salaam last week, the Executive Director of the TIC, Emmanuel Ole-Naiko, said NSSF, which offered to build the crucial bridge, had not submitted concrete plans for the construction.
He said if NSSF was finding it difficult to proceed, it should drop the matter onto TIC's lap to market the project locally and internationally.
Mr Ole-Naiko said the bridge was necessary to decongest traffic in the five-million people city and speed up economic developments on the Kigamboni side of the city planned for re-development into a model peri-urban community.
"Deliver the Kigamboni bridge and every one will salute you," he urged the NSSF. Ole-Naiko was wondering why the construction of the bridge had not taken off contrary to NSSF's promise to implement it "soon".
He requested the security fund to inform TIC for the latter to re-market the project to interested investors.
The planned bridge is expected to cross Dar harbour bay from Kurasini area thereby enabling a faster and smooth motor transport between the two sections of the city.
To date motorists and pedestrians use ferries to cross to the other side.
Last year NSSF Director General Dr Ramadhani Dau said construction of the Kigamboni Bridge would start in November 2010 and be completed in 18 months' time, but construction hasn't taken off.
The NSSF announced it had sourced a transaction advisor to help negotiate the contract with one of the six companies that won the bidding process. Studies were first conducted in 1991 on the 560-metre long and 14metre wide bridge. The project was earlier estimated to cost Tshs72b (US$48 million) in 2004, but that jumped to Tshs 132 billion.
Earlier plans with designs of six lanes had indicated it would cost more than Tzshs132 billion ($88 million) due to escalation of costs and devaluation of the Tanzania currency. In another development, NSSF is planning to invest in the power generation sector to help alleviate the country's recurrent electricity shortfalls. Dr Dau said the fund was considering building a 300MW plant

 

[Nyauba]

Hivi NSSF si wana mpango wa kuwekezaa kwenye DARAJA LA KIGAMBONI???? WAMEFIKIA WAPI?