Bloomberg: Makinikia yaifumbua macho dunia ya biashara

[Sandinistas]

Watz wanamlaumu hata Mkenya reporter wa Bloomberg! A buck-passing nation.

 

[Zanika]

Hapa dunia ya wafanyabiashara inawaza itafanyaje biashara na nchi ambayo haina uhakika na kesho yake.

Je sekta nyingine zitabaki salama kweli?

Tanzania's Acacia Spat Shows Deepening Battle With Business
by
Omar Mohammed
June 14, 2017, 2:00 AM GMT+3 June 14, 2017, 8:45 AM GMT+3

• Accusation against miner is latest broadside against business
• Tanzania needs investors to help fund $19 billion of projects

Tanzanian President John Magufuli’s escalating battles with business risk alienating the very investors he needs to drive his multi-billion dollar industrialization policy.

On Monday, the 57-year-old leader ratcheted up his dispute with miners by accusing Acacia Mining Plc of operating illegally in Tanzania and insisting the government is owed billions of shillings of unpaid taxes. It’s the latest in a series of broadsides against private investors who are being unnerved by his administration’s stance and its lack of consultation on policy. Shares in Acacia, which denies any wrongdoing, slumped as much as 16 percent.

John Magufuli

Photographer: Simon Maina/AFP via Getty Images
“It’s negative that you have these uncertainties playing out in the market, especially at a time when you’re relying on growth and infrastructure development to be supported by private sector activity,” said Lisa Brown, a risk analyst at Rand Merchant Bank in South Africa.

Magufuli came to power 19 months ago with a pledge to industrialize sub-Saharan Africa’s sixth-biggest economy. The country has transport and utilities projects worth at least $19 billion in the pipeline, according to PricewaterhouseCoopers LLP. Last week, the Finance Ministry said it will spend at least 1.8 trillion shillings ($809 million) in the next fiscal year on projects including building a standard-gauge railway and upgrading its main port in Dar es Salaam.

‘Important Ally’
While Magufuli has said the private sector is “an important ally” in the government’s development efforts, it has yet to secure funding for the key projects like the railway. The Finance Ministry said June 7 it’s in the final stages of talks with Credit Suisse Group AG on a $500-million loan for financing projects, without providing further details.

The uncertain regulatory environment in Tanzania is likely to weigh on investment flows, threatening the viability of the infrastructure projects, BMI Research, a unit of Fitch Ratings Ltd., said last week.

“Regulatory uncertainty and higher operating costs will test the viability of future projects in a range of sectors, likely leading foreign investors to reconsider future investment, which will weigh on the country’s long-term growth prospects,” it said in a research note.

Government revenue collection in the past financial year suggests a slowdown in private sector activity and increased stress, according to RMB’s Brown. Confusion over structural adjustment of the economy and lack of clear communication from the government has resulted in slower decision making, especially on new and expansionary investment, she said.

While analysts agree that the way in which Magufuli is carrying out the reforms may be too hard-line, they also accept that the policy overhaul is necessary. The president’s approach is akin to economic nationalism that is ultimately aimed at nation-building, Gilead Teri, director of policy at the Tanzania Private Sector Foundation in Dar es Salaam, said by phone.

‘Cutting Corners’
“In the previous administration, people were used to cutting corners,” Teri said. “He thinks if the business environment is corrupt, everybody loses. If you have a system tilted towards one side it hurts the private sector.”

Calls to presidency spokesman Gerson Msigwa weren’t answered when Bloomberg sought comment, while Finance Ministry spokesman Ben Mwaipaja declined to comment when reached by phone.

EcoEnergy Scandinavia AB of Sweden. In March, Washington-based Symbion Power said it’s seeking arbitration after the Tanzanian government terminated a power-purchase agreement and is targeting a $560-million settlement.

The Symbion announcement was followed by comments from a diplomat with the U.S. Embassy in Tanzania expressing concern over “discouraging signs on the private sector side.”

“I think it’s really important when a U.S. company signs an agreement that both parties receive the goods and services and payments that have been agreed upon,” Virginia Blaser, charge d’affaires at the embassy, said in an interview with Tanzania’s Citizen newspaper published May 31. “I think there can be some improvements there.”

The latest dispute with Acacia represents an “unprecedented escalation” by the government toward the mining industry, said Ahmed Salim, an analyst with Dubai-based Teneo Strategy.

That’s left investors worried about where Magufuli might turn his attention next, said RMB’s Brown.

“No one knows whether he’s going to move onto other sectors and what it means for future investment,” Brown said.

Siku zote middlemen wakishikwa pabaya lazima watoe milio mingi. Na hao reporters wa Kenya ni wasaka tonge wenye secret mission ya kuharibu image ya Taifa letu kwa kila jema tunalofanya.

Usitegemee hao wanafurahi kusikia kuwa sasa fedha za mining company zitawekwa hapa nchini tena kwenye Bank zetu na Smelter inakwenda kujengwa nchini.

HII NDIYO VITA YA UCHUMI TULIYOIANZA NA TUTAJUA KILA AINA YA RANGI KWA TULIOWAAMINI NI RAFIKI ZETU KWANI WAKO WENYE RANGI NZURI KWETU NA WAKO WENYE RANGI ZA KINYONGA NA WALE WENYE RANGI MBAYA KABISA YANI MACHUI YALIYOVAA NGOZI YA KONDOO.

TUSIYUMBISHWE NA PROPAGANDA ZA MAHASIMU WA UCHUMI WETU

 

[rr4]

Siku zote middlemen wakishikwa pabaya lazima watoe milio mingi. Na hao reporters wa Kenya ni wasaka tonge wenye secret mission ya kuharibu image ya Taifa letu kwa kila jema tunalofanya.

Usitegemee hao wanafurahi kusikia kuwa sasa fedha za mining company zitawekwa hapa nchini tena kwenye Bank zetu na Smelter inakwenda kujengwa nchini.

HII NDIYO VITA YA UCHUMI TULIYOIANZA NA TUTAJUA KILA AINA YA RANGI KWA TULIOWAAMINI NI RAFIKI ZETU KWANI WAKO WENYE RANGI NZURI KWETU NA WAKO WENYE RANGI ZA KINYONGA NA WALE WENYE RANGI MBAYA KABISA YANI MACHUI YALIYOVAA NGOZI YA KONDOO.

TUSIYUMBISHWE NA PROPAGANDA ZA MAHASIMU WA UCHUMI WETU

Amen..... Tungoje hiyo smelter na Noah zetu.

 

[Chige]

Mbona wamekuja kusummon?

Kwani ulitarajia wangefanya nini?!

 

[khat]

Latin American Herald Tribune - Dominican Republic’s Government and Barrick Gold Hold Talks on Contract Dispute

 

[khat]

Shikamooo magufuli

 

[Kidzude]

Wa

SASA AMBAYE ALITAKIWA KUFUATILIA NA KUHAKIKISHA TUNALIPWA NI NANI??????? HEBU TUWE REALISTIC....

KWANINI LIKIUNGUA TUKIWAKUMBUSHA KUWA MLIINGIA CHAKA MNATUONA SISI NDIO TULIWASABABISHA MKOSEE?????

HII NCHI MMEIDUMAZA NA KUIFUBAZA KABISA. JIANGALIENI MUJITATHMINI.

Wamefanikiwa kufubaza mpaka akili za watu kila kitu ndioo

 

[Eric Cartman]

Inabidi tutoke kwenye bubble ya uzalendo uchwara kuanza kuiamgalia dunia kwa uhalisia jinsi mambo yanavyofanyika.

Dunia hii unapewa kila unachoweza kukipata na kukipigania kwa maarifa yako tu, wanaokuzidi maarifa siku zote watakuwa na advatage. The rules of engagement are universal advantage ni uwezo wa kufikiri.tu.

Tuna Phd wengi sana vijana ukiwasikia unabaki unashangaa kwanini hawa sio wenye nafasi serikarini, kudhani kila mtu anaweza CCM ndio imetufikisha hapa na kuwaacha wale kweli wenye uwezo na maarifa.

 

[rr4]

Latin American Herald Tribune - Dominican Republic’s Government and Barrick Gold Hold Talks on Contract Dispute

tuchukue uzoefu huku

 

[rr4]

Integrated Gold Melting Furnace

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[mwanaludewa]

Kila nikimuona Chenge, mkapa na JK napata chuki isiyo ya kawaida,

Unawaonea!Hawa walikuwa wanatekeleza Sera za Chama Chetu Tukufu.