Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,913
- 103,781
Nipe financial hub moja duniani ina-face hunger!
Battle: Dar es Salaam vs Nairobi
Battle: Dar es Salaam vs Nairobi
Arusha is well suited for hosting the EA central bank.
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,913
- 103,781
as long as in Tanzania hata Mtwara poa tu! 🤣 🤣 🤷♂️
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,913
- 103,781
ndege watazoa!
Mimi huwa nikiona uongo uongo umezidi naruka huo mjadala watu wazima tunafaa tubishane kwa hoja za kweli zenye mashiko ndio italeta ufahamu mzuri na kuchochea maendeleo kuliko kudanganyana kama watoto wadogo humu maana haisaidii kitu na hakuna benefit unayopata zaidi ya kujifurahisha tuu.
Nimesoma na kufanya kazi huko muda mrefu tuu na nina copy yangu huko
Outside of Nairobi utaiweka wapi hapo Kenya?
Kelele za chura hazimzuii Tembo kunywa maji
NDINDA
Platinum Member
- Apr 4, 2011
- 10,726
- 49,572
KENPAULITE
JF-Expert Member
- Apr 6, 2017
- 3,511
- 3,313
Hapo wivu tu as usual
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,913
- 103,781
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,913
- 103,781
dickchiller
JF-Expert Member
- Apr 30, 2012
- 1,847
- 3,151
Yah kila mkoa inabidi uchangamke . Mtwara kuna uwanja wa ndege mkubwa , ipo connected na barabara na mikoa yote jiranias long as in Tanzania hata Mtwara poa tu!
Soko la umeme wa Tanzania ni kubwa tuu.
1.4tri/- to connect Rukwa, Katavi, Kigoma to national grid
Daily News
Jul 29, 2022 6:32 AM
A 1.4tri/- interconnection power project, linking Tanzania and Zambia (TAZA) is expected to start January, next year, the coordinator of the project, Elias Makunga has said.
He told the Minister for Energy, January Makamba on tour of southern highland zone regions yesterday that 23.1bn/- has been set aside to compensate 6,198 residents who will be affected by the project.
Eng Makunga said from next month, the Finance and Planning Ministry will conduct a verification exercise to ensure every mwananchi received what they deserve.
The 400Kv power transmission project is also expected to boost Southern Highland regions namely Iringa, Njombe, Mbeya, Songwe and connects Rukwa, Katavi and Kigoma to national grid as well as enabling the country to export power to southern and eastern Africa countries.
Mr Makamba toured Kirando ward and tiny island of Mandakelenge on Lake Tanganyika in Nkasi District, Rukwa and Tunduma in Momba District in Songwe where power stations will be situated.
Mr Makamba said the mega project, expected to be completed in 2025, will enable the country to produce surplus power to be supplied to neighbouring countries.
“The project will be implemented in phases hence there will be a big number of contractors in the sites for installation of five substations and transmission lines from Iringa to Rukwa, then Zambia,” he said.
While at Itumbi Village in Chunya District of Mbeya Region, the Minister told artisanal miners that during the implementation of the TAZA project, the focus will also be on the 22 mining sites since the country has already set aside a total of 300bn/- to accomplish the project.
While in Nkasi also the Minister said once completed the projects will ensure three regions of Songwe, Rukwa and Katavi are connected to the national grid to improve electricity supply quality.
“Upon completion of the grand 400 KV transmission project will supply sufficient power to Rukwa more than 20 times of the current power the region gets from neighbouring Zambia,” Mr Makamba said.
The project will be funded by World Bank (WB) and Africa Development Bank (AfDB).
The contractual agreement will be signed on December this year and the construction expects to take off next January.
Furthermore, Eng Makungu, told the minister that the backbone transmission project will engage construction of two 150 MVA transformers to ensure reliable and sufficient power supply in Rukwa.
Meanwhile, the government assures residents of Mandakerenge that all 150 households will access to power by Rural Energy Agency (REA) through a special project of laying electricity cable at a stretch of 1.3 kilometres in Lake Tanganyika bed from Kipili port to the tiny island have been completed. The project will costs over 7.0bn/-.
1.4tri/- to connect Rukwa, Katavi, Kigoma to national grid
Daily News
Jul 29, 2022 6:32 AM
A 1.4tri/- interconnection power project, linking Tanzania and Zambia (TAZA) is expected to start January, next year, the coordinator of the project, Elias Makunga has said.
He told the Minister for Energy, January Makamba on tour of southern highland zone regions yesterday that 23.1bn/- has been set aside to compensate 6,198 residents who will be affected by the project.
Eng Makunga said from next month, the Finance and Planning Ministry will conduct a verification exercise to ensure every mwananchi received what they deserve.
The 400Kv power transmission project is also expected to boost Southern Highland regions namely Iringa, Njombe, Mbeya, Songwe and connects Rukwa, Katavi and Kigoma to national grid as well as enabling the country to export power to southern and eastern Africa countries.
Mr Makamba toured Kirando ward and tiny island of Mandakelenge on Lake Tanganyika in Nkasi District, Rukwa and Tunduma in Momba District in Songwe where power stations will be situated.
Mr Makamba said the mega project, expected to be completed in 2025, will enable the country to produce surplus power to be supplied to neighbouring countries.
“The project will be implemented in phases hence there will be a big number of contractors in the sites for installation of five substations and transmission lines from Iringa to Rukwa, then Zambia,” he said.
While at Itumbi Village in Chunya District of Mbeya Region, the Minister told artisanal miners that during the implementation of the TAZA project, the focus will also be on the 22 mining sites since the country has already set aside a total of 300bn/- to accomplish the project.
While in Nkasi also the Minister said once completed the projects will ensure three regions of Songwe, Rukwa and Katavi are connected to the national grid to improve electricity supply quality.
“Upon completion of the grand 400 KV transmission project will supply sufficient power to Rukwa more than 20 times of the current power the region gets from neighbouring Zambia,” Mr Makamba said.
The project will be funded by World Bank (WB) and Africa Development Bank (AfDB).
The contractual agreement will be signed on December this year and the construction expects to take off next January.
Furthermore, Eng Makungu, told the minister that the backbone transmission project will engage construction of two 150 MVA transformers to ensure reliable and sufficient power supply in Rukwa.
Meanwhile, the government assures residents of Mandakerenge that all 150 households will access to power by Rural Energy Agency (REA) through a special project of laying electricity cable at a stretch of 1.3 kilometres in Lake Tanganyika bed from Kipili port to the tiny island have been completed. The project will costs over 7.0bn/-.
The best 007
JF-Expert Member
- Oct 6, 2019
- 42,480
- 98,527
The best 007
JF-Expert Member
- Oct 6, 2019
- 42,480
- 98,527
Mambo ndio huanza kuharibika hivi hivi partner states wanalazimisha modality ya equity badala ya professional decision
Partner states bicker over who will host the East African central bank
The Citizen
Jul 30, 2022 7:07 AM
Summary
The East African has learnt that Kenya and Uganda rejected the verdict of a verification exercise commissioned to determine the country best suited to host the institution, which chose Tanzania.
Partner states have failed to agree on which country should host the East African Monetary Institute (EAMI), one of the key establishments in implementing a single currency regime.
The East African Community partners submitted their pitches to host the institute that would later transorm into a regional central bank.
But the EAMI has become a hot potato, with member states jostling to host it, angling to avail themselves of the massive potential to attract foreign capital and become the region’s financial hub.
The East African has learnt that Kenya and Uganda rejected the verdict of a verification exercise commissioned to determine the country best suited to host the institution, which chose Tanzania. The two partners have questioned the objectivity of the exercise. During the 42nd Council of Ministers meeting in Arusha two weeks ago, disagreements prompted the suspension of discussion on the selection of the EAMI host.
The verification carried out in March this year ranked Tanzania most suitable, with a score of 86.3 percent, followed by Uganda (82.42 percent) and Burundi (78.1 percent). Kenya was the least qualified with 77.35 percent. The other partners did not express interest.
A report of the EAC Council seen by The EastAfrican shows that Uganda is dissatisfied with the report of the verification committee “and would like the matter to be escalated to a higher level.”
Kampala’s status
Uganda also wants the Council to formally determine the headquarters of organs and institutions of the EAC such as East African Legislative Assembly, East African Court of Justice, and East African Community Competition Authority, which are “temporarily” hosted by the Secretariat in Arusha.
“The organs and institutions of the community differ in size and weight, and this should be taken into account in determining the hosting of these institutions,” said Uganda.
Nairobi’s rejection
Kenya rejected the report, arguing that the evaluation criteria were not universally interpreted by members of the committee and so they arrived at the wrong conclusions.
“There was a clear bias against Kenya, which was awarded lesser marks than other partner states. There is [a] need for a weighted formula to aid the determination of hosting of institutions. Hosts of the organs and institutions of the community which are not yet [determined] should be done simultaneously,” Kenya protested.
Bujumbura’s take
Burundi called for further consultations and equity, adding that the Secretariat should establish the number of institutions hosted by each partner state to guide equity.
Kigali’s note
Rwanda also advocated further consultations, saying the formula should be based on equitable distribution of institutions among partner states.
According to Kigali, some institutions are highly specialised and require certain conditions that may not be present in all partner states.
“It is important for the Council to establish the suitability of a location for hosting specific institutions of the Community,” said Rwanda in its submissions to the Council.
From Juba
South Sudan said the Council called for more consultations and consensus, taking into account that some partner states do not even host a single EAC institution.
“The principle of equity should be applied when deciding on the hosting of EAMI,” said Juba. “The Secretariat should identify the organs and institutions of the Community that are temporarily hosted in Arusha in order for them to be properly hosted by the Council.”
Dodoma's submission
Tanzania noted that the EAC spent resources on a verification conducted by professionals and therefore the outcome should be “respected” to avoid a duplication, which overburdens taxpayers.
“The process was not flawed. All partner states participated, agreed on the outcomes and signed the Verification Report, which does not contain any divergent views,” Dodoma submitted.
Among the considerations were the potential economic benefits of the EAMI to the people of East Africa, comparative advantages (availability of qualified personnel to kick-start the EAMI and the availability of social services to staff), economies of scale, taking into account efficiency and cost-effectiveness, security, infrastructure considerations and possibility for future expansion.
The Council agreed to further consultations on the matter and is expected to make a decision during the 43rd meeting. The ministers will also consider the distribution of organs and institutions that are not yet headquartered. The Council directed the Secretariat to submit to the partner states a comprehensive analysis of the distribution of institutions before the meeting.
Wrangling over such institutions is not unique to the EAC. In Europe, Germany’s leading financial centre Frankfurt was chosen as the host of the European Central Bank in 1993, after months of wrangling. Some states feared that picking Frankfurt would mean further German domination over the European Union but then German Chancellor Helmut Kohl made a determined pitch, arguing that giving Germany the central bank would restore faith in European goals among the Germans and reassure them that a new common currency (Euro) would be sound and strong.
In East Africa, the Protocol for the establishment of the East African Monetary Union (EAMU) was signed by the heads of state in Kampala on November 30, 2013, setting up a 10-year roadmap for attaining a single currency in 2024.
But the EAC is way behind schedule in setting up relevant institutions to support a single currency, the most important being the EAMI, which was supposed to be up and running in 2015.
Other institutions such as the East African Financial Services Commission, East African Statistics Bureau and the East African Surveillance, Compliance and Enforcement Commission were supposed to be operational by 2018.
Member countries are also struggling to meet and comply with other macroeconomic indicators that are key to the implementation of a monetary union. These are debt-to-GDP ratio of 50 percent, fiscal deficit (including grants) of three percent of the GDP, overall inflation of eight per cent and forex reserves of 4.5 months of import cover.
Partner states bicker over who will host the East African central bank
The Citizen
Jul 30, 2022 7:07 AM
Summary
The East African has learnt that Kenya and Uganda rejected the verdict of a verification exercise commissioned to determine the country best suited to host the institution, which chose Tanzania.
Partner states have failed to agree on which country should host the East African Monetary Institute (EAMI), one of the key establishments in implementing a single currency regime.
The East African Community partners submitted their pitches to host the institute that would later transorm into a regional central bank.
But the EAMI has become a hot potato, with member states jostling to host it, angling to avail themselves of the massive potential to attract foreign capital and become the region’s financial hub.
The East African has learnt that Kenya and Uganda rejected the verdict of a verification exercise commissioned to determine the country best suited to host the institution, which chose Tanzania. The two partners have questioned the objectivity of the exercise. During the 42nd Council of Ministers meeting in Arusha two weeks ago, disagreements prompted the suspension of discussion on the selection of the EAMI host.
The verification carried out in March this year ranked Tanzania most suitable, with a score of 86.3 percent, followed by Uganda (82.42 percent) and Burundi (78.1 percent). Kenya was the least qualified with 77.35 percent. The other partners did not express interest.
A report of the EAC Council seen by The EastAfrican shows that Uganda is dissatisfied with the report of the verification committee “and would like the matter to be escalated to a higher level.”
Kampala’s status
Uganda also wants the Council to formally determine the headquarters of organs and institutions of the EAC such as East African Legislative Assembly, East African Court of Justice, and East African Community Competition Authority, which are “temporarily” hosted by the Secretariat in Arusha.
“The organs and institutions of the community differ in size and weight, and this should be taken into account in determining the hosting of these institutions,” said Uganda.
Nairobi’s rejection
Kenya rejected the report, arguing that the evaluation criteria were not universally interpreted by members of the committee and so they arrived at the wrong conclusions.
“There was a clear bias against Kenya, which was awarded lesser marks than other partner states. There is [a] need for a weighted formula to aid the determination of hosting of institutions. Hosts of the organs and institutions of the community which are not yet [determined] should be done simultaneously,” Kenya protested.
Bujumbura’s take
Burundi called for further consultations and equity, adding that the Secretariat should establish the number of institutions hosted by each partner state to guide equity.
Kigali’s note
Rwanda also advocated further consultations, saying the formula should be based on equitable distribution of institutions among partner states.
According to Kigali, some institutions are highly specialised and require certain conditions that may not be present in all partner states.
“It is important for the Council to establish the suitability of a location for hosting specific institutions of the Community,” said Rwanda in its submissions to the Council.
From Juba
South Sudan said the Council called for more consultations and consensus, taking into account that some partner states do not even host a single EAC institution.
“The principle of equity should be applied when deciding on the hosting of EAMI,” said Juba. “The Secretariat should identify the organs and institutions of the Community that are temporarily hosted in Arusha in order for them to be properly hosted by the Council.”
Dodoma's submission
Tanzania noted that the EAC spent resources on a verification conducted by professionals and therefore the outcome should be “respected” to avoid a duplication, which overburdens taxpayers.
“The process was not flawed. All partner states participated, agreed on the outcomes and signed the Verification Report, which does not contain any divergent views,” Dodoma submitted.
Among the considerations were the potential economic benefits of the EAMI to the people of East Africa, comparative advantages (availability of qualified personnel to kick-start the EAMI and the availability of social services to staff), economies of scale, taking into account efficiency and cost-effectiveness, security, infrastructure considerations and possibility for future expansion.
The Council agreed to further consultations on the matter and is expected to make a decision during the 43rd meeting. The ministers will also consider the distribution of organs and institutions that are not yet headquartered. The Council directed the Secretariat to submit to the partner states a comprehensive analysis of the distribution of institutions before the meeting.
Wrangling over such institutions is not unique to the EAC. In Europe, Germany’s leading financial centre Frankfurt was chosen as the host of the European Central Bank in 1993, after months of wrangling. Some states feared that picking Frankfurt would mean further German domination over the European Union but then German Chancellor Helmut Kohl made a determined pitch, arguing that giving Germany the central bank would restore faith in European goals among the Germans and reassure them that a new common currency (Euro) would be sound and strong.
In East Africa, the Protocol for the establishment of the East African Monetary Union (EAMU) was signed by the heads of state in Kampala on November 30, 2013, setting up a 10-year roadmap for attaining a single currency in 2024.
But the EAC is way behind schedule in setting up relevant institutions to support a single currency, the most important being the EAMI, which was supposed to be up and running in 2015.
Other institutions such as the East African Financial Services Commission, East African Statistics Bureau and the East African Surveillance, Compliance and Enforcement Commission were supposed to be operational by 2018.
Member countries are also struggling to meet and comply with other macroeconomic indicators that are key to the implementation of a monetary union. These are debt-to-GDP ratio of 50 percent, fiscal deficit (including grants) of three percent of the GDP, overall inflation of eight per cent and forex reserves of 4.5 months of import cover.
Tony254
JF-Expert Member
- May 11, 2017
- 16,016
- 16,433
Hahaha.Nimesoma na kufanya kazi huko muda mrefu tuu na nina copy yangu huko
Mashashola
JF-Expert Member
- Feb 23, 2020
- 4,389
- 5,792
How can you be so stupid yet umesoma? You must have a very low IQ au ni mfumo mbovu wa elimu ya Danganyika
The best 007
JF-Expert Member
- Oct 6, 2019
- 42,480
- 98,527
Hao nao wanachekesha, yn Central Bank of East Africa inawezaje kuwa porini?
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