Capitalism or Socialism?: Kenya and Tanzania

[Hellfire21]

Hellfire21,

sema bro naona umerudi tena humu ukumbini. Karibu sana na heri ya
mwaka mpya. Leo naona the forum is blazing as I can see.

Tuko pamoja.

Hi Abs I am back good to see JF still has what it takes.

 

[Hellfire21]

In those 10 years how many times has your economy grown over 5 percent to substantiate your arguments (i.e. give jobs to the poor)? Do you feature in your election violence? and recession? Actually your people living under one dollar now are at 54% according to The Standards i cant locate the archives! for your info Kibaki (Baba Jimmy) has only made his kinsmen rich during his two terms! the likes of Transcentury, Centrum and others! Can you explain to me how comes before Kibaki this companies never featured anywhere but now they are acquiring every Govenment assets behind closed doors! And the other time your friend came hear and yap ati Equity bank is the biggest!!!! at what cost? >50% population under a dollar a day!

First of all going forward any mention of numbers by you will be taken with a pinch of salt some people have been questioning the authenticity of your numbers and until now it was hard to proof.If you had read clearly in my statement a lot have happened in 10 years good and bad.The issue of PEV in Kenya was rather unfortunate for us but to look at it positively they were necessary.Since they happened certain institutional reforms are taking place case in point police reforms,Electoral process i mean for the first time Kenyans may go for election with proper laid structure,another offshoot from the PEV,Parliament has become powerful.......i can go on and on

Economic wise until 2007 Kenya's was hitting 7% it did 1. in 2008 we are and will do probably a 3. for 2009.Thats positive results in considering where we were in early 2008. I can understand why you want to poke holes and give out unsubstantiated data.However if you think running us down with your shenanigans you will be in for a big surprise simply because we are resilient.
By The Way Equity is Big and i mean big.Here in Kenya they say "Ukitaka loan nenda equity bank "

 

[Certified]

First of all going forward any mention of numbers by you will be taken with a pinch of salt some people have been questioning the authenticity of your numbers and until now it was hard to proof.If you had read clearly in my statement a lot have happened in 10 years good and bad.The issue of PEV in Kenya was rather unfortunate for us but to look at it positively they were necessary.Since they happened certain institutional reforms are taking place case in point police reforms,Electoral process i mean for the first time Kenyans may go for election with proper laid structure,another offshoot from the PEV,Parliament has become powerful.......i can go on and on

Economic wise until 2007 Kenya's was hitting 7% it did 1. in 2008 we are and will do probably a 3. for 2009.Thats positive results in considering where we were in early 2008. I can understand why you want to poke holes and give out unsubstantiated data.However if you think running us down with your shenanigans you will be in for a big surprise simply because we are resilient.
By The Way Equity is Big and i mean big.Here in Kenya they say "Ukitaka loan nenda equity bank "

Hellfire21, I also agree that although the post election violence was unfortunate, it was a necessary evil for Kenya so that we move to the next level. The reforms that are taking place are major and i think Kenya will be stronger than ever before. I hear that we might be voting electronically in 2012.

What Equity Bank has done in Kenya so revolutionary. Even words fail me.

 

[Ab-Titchaz]

Hellfire21, I also agree that although the post election violence was unfortunate, it was a necessary evil for Kenya so that we move to the next level. The reforms that are taking place are major and i think Kenya will be stronger than ever before. I hear that we might be voting electronically in 2012.

What Equity Bank has done in Kenya so revolutionary. Even words fail me.

Mjomba Certified,

Kwanza natanguliza salamu .

Sasa hapo juu nd'o nini tena hio umesema kuhusu kura za 2012?
Nyie Kenya kwa kujisifu jamani hamuwezekani. Eti you will be voting
electronically?...Si ndio mtaibiana kura kweli kweli making crazy
comments like the one Uhuru made about the budget 'mishap'..eti
sijui it was a typo error?Mine are eyes on that one.

Meanwhile I just have a gut feeling kua that Equity bank is
upto some mischief. But anyway we will give credit where it is
due and time will tell.

Tuzidi.

 

[Ab-Titchaz]

Hi Abs I am back good to see JF still has what it takes.

Hellfire21

Thats what's up bro...and the drums have been beating ever since.

Naona Moi bado amekatalia Mau tu na mnamuacha aongee upuzi wake.
Thats Capitalism at its best huh?..afazali Tanzania mambo ya ardhi yako
kivyengine na tunash'kuru.

Kazi mnayo nduguzanguni.

 

[Fugwe]

At least in Kenya you cannot find MPs and Cabinet members with fake Phds!
Now even we have dubious MPs with fake Phd in EALA!
Because of our stupidity,the Kenyans can send their Form 4 leavers to teach our schools!At least they speak fluent English than our Honourable Phd holders!

It sounds mad, do you believe that, people who fluently speak english are educated??????? shame to you

 

[kayundi2]

Detergents from Kapa Oil Refinery, Kenya, being reloaded into a Tanzanian registered truck at the Namanga border crossing. Kenyan manufactured goods are likely to flow into the regional market following the implementation of the zero tarriff regime. Picture: Anthony Kamau

....................................................................
Efforts by East African countries to integrate their economies have borne the first tangible fruits, putting to rest concerns by sceptics that the drive would run out of steam long before member states realised any meaningful benefits.
Last week, the region ushered in a fully-fledged Customs Union thus setting the stage for increased trade among the member states.

All goods trading across the region are now duty-free following the expiry on December 31, of the five-year transition period of the Customs Union, in what is being touted as the first major breakthrough of the East Africa Community’s integration process.

Trade officials at the EAC Secretariat said last week said they expect intra-regional trade to move to 14 per cent by the end of the year, up from 12 per cent when the Customs Union was launched on January 1, 2005.

Kenya’s manufacturers and the East African Business Council, the apex body of the private sector in the region, have welcomed the liberalisation move saying it will stimulate intra-trade in the 126-million people regional economic bloc.

During the first stage of the Customs Union, goods from Kenya — considered the region’s dominant economy — entering Uganda and Tanzania attracted duties on a reducing basis. Goods from Uganda and Tanzania — and now Rwanda and Burundi (which joined the Customs Union in July last year) — have been entering the Kenyan market duty-free.

This five-year transition period was aimed at addressing the economic development imbalances that existed among the three original partner states — Kenya, Uganda and Tanzania — by allowing producers in Tanzania and Uganda sufficient time to restructure their operations so they could face increased competition from Kenyan imports.

Last week, the EAC director-general in charge of Customs and Trade Peter Kiguta confirmed that a fully-fledged Customs Union had indeed become reality.

“I have sent notices to member states to prepare for free trading starting January 1,” Mr Kiguta told The EastAfrican in a phone interview.

Vimal Shah, the chairman of the Kenya Association of Manufacturers, said last week that most local manufacturers were already expanding their production capacity.

“Companies are looking for new sales and marketing opportunities. The increase in intra-trade is not going to be major but it will certainly be significant,” he said, lamenting that high power costs, which have increased the costs of production, will make it difficult for Kenyan manufacturers to fully gain from the new opportunity.

Surveys have shown that Kenya trades more with other EAC partner states than with the outside world.

Uganda’s advantage

According to Mr Kiguta, the coming into force of a fully-fledged Customs Union has also ended the existence of the much-talked-about “Ugandan List” — a list of 135 raw materials and industrial inputs that Uganda was allowed to import duty-free from outside the region.

The exceptions would ensure that such third country imports were not immediately substituted by possibly more expensive and/or lower quality inputs (primarily produced in Kenya).
“This provision has come to an end. All industrial inputs and raw materials coming into the region will now attract a 10 per cent duty. Industries producing such products in the region will now be protected when selling to Uganda. We now have a level playing ground among all member states,” Mr Kiguta told The EastAfrican.
Charles Mbogori, the executive director of the East African Business Council, said that the coming of age of the Customs Union was testimony that EAC integration was unstoppable.

“Regional integration is a journey. But when handled well, it finally benefits everybody,” Mr Mbogori said.

He said the business community in the region, especially traders from Kenya, were ready to take advantage of a fully-fledged Customs Union.

“As far as I am concerned, the Customs Union has been working. There may have been challenges here and there, but the private sector is ready for the next stage,” he said.

It is estimated that intra-EAC trade has grown by over 40 per cent in the period of the implementation of the Customs Union. The Customs Union has also been credited with helping the region to attract more foreign direct investment.

For instance, inflows of foreign direct investment almost tripled from $692 million in 2002 to $1,763 million in 2007, with Uganda and Tanzania receiving the largest proportion.

“We have succeeded in creating free circulation of goods in the region. We expect better intra-EAC trade in 2010,” said Mr Kiguta.


source:The East Africa

 

[Soulbrother]

I doubt if we are ready, we have had five years and this is the first I have heard that exporting into kenya was free. Ningelijua miaka mitano iliyopita,labda ningefanya kabiashara kadogo.

Tatizo letu hatuna njia ya "kusambaza" taarifa kama hizi ambazo zinaweza kutusaidia.

 

[Kekuye]

Shortly after our independence, there was a lampoon between Kenyans and Tanzanians. Six years after independence, we (Tanzanians) determinedly ushered in the Arusha Declaration of socialism. Equality, national ownership of means of production, self-reliance and total emancipation of Africa became our main and noble vector. Indeed, we did a tremendous job to emancipate many African countries especially in South African region, thanks to the late Julius K. Nyerere.

Kenya, on the other hand, embarked on western capitalism- under which equality of human beings is utopia. Kenyans called us a “man-eat-nothing” society while we referred to them as a “man-eat-man” society. In Swahili, a society of nyang’au or gibbons!

I still remember one radio presenter asking his audience: “In which country does everybody own a car?” They used to reply: Tanzania, just because we wore tyre-shoes famously known as katambuga. We were a time capsule in the region for every body to laugh at!

Fifteen years after the Zanzibar masquerade (Declaration) silently killed the Arusha one, Tanzanians, against the odds, are a society of man-steal-and-vend-everything-and-everybody including his own mother! It is facing decadency and decaying faster, way faster than one would expect!

Tanzanians used to take capitalism as cruel and exploitative. Where are they today? They are more political "animalistic" and cannibalistic than the Kenyans they used to call gibbons. If Kenyans were gibbons, Tanzanians are currently devils. Ask me why. The Kenyans we used to laugh at, at least have something to show for their paradigm whereas Tanzanians have nothing to show but regret after some few devils miserably vended every mineral, animals, logs, banks, parastatals and what not for their own selfish interests!

Whereas Kenyan government officials suspected for wrongdoing are shown the door, in Tanzania, the same are, regrettably, heavily protected. The whole government shamelessly whitewashes the stinking dirty! Refer to what happened when Kibaki’s inner sanctum and allies Dr. Chris Murungaru, David Mwiraria and Kiraitu Murungi were implicated in the Anglo-leasing scam. They were not sacred or spared as it is in Tanzania currently, where many ministers (including their boss, the president) are implicated in many felonious deals. They are still "tanuaring"! Ask them what we should expect. No one knows. It is like putting the finger in the wind hoping to bet well! Wananchi, boot all looters out please! Do the right thing.

Kenyans, for the love of their country, are able to use our tanzanite for the good of their country whilst our Judas are busy plundering in lieu of protecting our resources! Some thugs are able to come and rob our banks so as to invest at home. They are even helped by the Tanzanians who used to call them thieves and selfish! Whilst Kenya is becoming an economic hub and power house in the region, sadly, Tanzania is becoming a playing ground and rosy bed for political and economic predators! The Kenyans we used to hate do not hate us. They allow us to use their roads despite having mad drivers!

The Kenyans we used to regard as shrewd do not hide their wealth like ours! The Kenyans -we used to regard as egoistic- are able to export their Form Four failures to teach our so-called international schools and academies! These very Kenyans come to our country and buy our produce whilst when we export them ourselves, they don’t buy them! While Tanzanians are entangled and stranded in skullduggery and turpitude -with no known definition- Kenyans are flying and reaping the rewards of capitalism! Ask Tanzanians to define the type of policy governing them. Phew! Disgusting!

We used to nag Kenyans for choosing old guards as presidents. Ask us with our young Turks. What do we benefit for having young blood which is best at pushing us down to purgatory? What anathema!

The good Kenyans we used to hate, smartly used to sell to us their Cussons Imperial soap and Rivatex khangas when we had none. Though at inflated price, they did milk us. Contrary now, we are selling them our farm produce at throw-away price!

While Kenyans nicely guard their border posts, we abusively let ours be used as conduit for evading tax. Ask the junior minister for East African white elephant Cooperation what befell him at Sirari in September. He was treated like a gawk despite being a mheshimiwa! Did you hear the government file any note of discomfiture?

We pretend to love each other whilst the truth is: we hate each other! The enemy who tells you; "I am your sworn enemy" is better than the one who pretends to be your hubris. Ours have sedated us –with sweet words- so as to mistakenly regard them as our saviors while they are our slayers!

Whereas Kenyans were able to pay their retirees -formerly employees of defunct East African Community decades ago- ours are dying without seeing a dime! Many have died without seeing even the office of the pay master. But again many swindlers are still in offices plundering even more! On top of the pensions of those innocent creatures, they’re expediently selling and squandering our resources so as to make our country poorer and poorer. Albeit having all types of riches, we lag behind when affluent societies are mentioned! Is it a curse or what?

Tanzanians who were taught equality and humanity, are currently facing insurmountable gulfs and disparities among themselves. To get a decent person in high places is rare. It is as difficult as finding a needle in the mountain of hay! What is going on is hypocrisy a la mizengwe. Hither is where cannibalism, ufisi, nihilism, hopelessness, uselessness you name it, come in.
Let’s go to the facts. Kenyans know what they’re doing whilst Tanzanians, currently suffering from myopia and systemic political cannibalism, do not know their fateful future! How can they know with all this nihilism, vacuity, uppity and vacuum? We used to fear them, but presently, we fear ourselves more than we used to do to them!

Nonetheless, Kenya is not spared of larcenous rulers. The difference though, is the fact that Kenyan rulers do not act like rat. They openly invest and employ people in their projects. They even pay taxes for their businesses. Their properties are known to the general public. They are able to save in their Kenya Commercial Bank which has branches in Tanzania. Where is our National Bank of Commerce, that we tomfoolery and madly offered to Boers? Ask Tanzanian ones. Everybody will flip flop and come up with bull-and-cock and other wishy-washy tales! Guys, the guys we used to goofily scorn and holler at are now heartedly laughing at us! What a shame! Shame, shame on you! What do we do?



By Nkwazi Mhango
Mhango is a Tanzanian living in Canada. He is a Journalist, Teacher, Human Rights activist and member of the Writers' Association of New Foundland and Labrador (WANL)

http://www.africanexecutive.com/modules/magazine/articles.php?article=2722

Tanzania did not have Arusha Declararion of socialism rather, socialism (Tanzanian version of socialism) and self-reliance were the two objectives intended to be achieved with the Declaration.

Also to be more objective it could have been useful to measure other issues brought about by these two ideologies. Promotion of national integration/divisions and equality/inequality (in terms of the provision of social servces) issues could make more sense. For example if Tanzania had a settler economy, or did not adopt socialism, does it mean that it could have been in the same level as Kenya? Other issues do not even need statistics to prove.

 

[Geza Ulole]

Hellfire21, I also agree that although the post election violence was unfortunate, it was a necessary evil for Kenya so that we move to the next level. The reforms that are taking place are major and i think Kenya will be stronger than ever before. I hear that we might be voting electronically in 2012.

What Equity Bank has done in Kenya so revolutionary. Even words fail me.

But who owns Equity Bank? Baba Jimmy's buddies enhee?

 

[Geza Ulole]

The title would rather look better if it will be like this "the settlers from Kenya are coming: is East Africa ready?"

 

[Ab-Titchaz]

But who owns Equity Bank? Baba Jimmy's buddies enhee?

Mkuu,

Kwa hilo swali umegusa sehemu nyeti sana na nakumbuka katika ya
posting zako za awali uliwataja hawa mabwana lakini sikuona mtu
akijibu. That is the day nilikuinulia kofia japo sikukuambia.Kamata
hii article na mwenye la ziada aanze kugomba:

WHO ACTUALLY OWNS EQUITY​

Besides the fact that Transcentury holds a direct stake in Equity bank, it also holds a stake through Britak which in turn has a large shareholding of Equity Bank.

Recently, Transcentury also bought the maximum stake allowable for one shareholder of a bank in Kenya (24.9%) though their holding in Helios EB Partners. Helios Partners is a foreign incorporated company that recently got new investors in the form of Transcentury and more than half the money invested by Transcentury ($300M = Ksh 19.5B) came in to increase the capital of Equity Bank (This amount was approx Ksh 11B). The [COLOR=blue! important][COLOR=blue! important]Finance[/COLOR][/COLOR] Minster decided to look the other side as this transaction happened right under his nose. He even gave this group the exception from any scrutiny of who the shareholders are for 9 years.

Essentially, we will never know who the investors are for 9 years in this bank. Why would the government official make an unprecedented decision to exclude them from a regulation to protect consumers in such a sensitive sector? The reason could be to be to hide the fact that the ‘foreign investment' is actually local investors and the fact that the same local investors have violated the max. Shareholding rules for banks. Picture this…

• Maximum Shareholding allowable to a shareholder who is not an executive = 24.9%

• Equity bank holding through Britak = 10%

• Equity Bank holding as Transcentury directly = aprox 3+%
Clearly, Transcentury now holds more that 38% of Equity Bank!

Proof of this available on: http://www.transcentury.co.ke/transcentury/[COLOR=blue! important][COLOR=blue! important]portfolio[/COLOR][/COLOR]

.asp

For the government officer involved… what was in it for him? For the government? Think of Equity bank chairman in London with PNU chaps openly campaigning for PNU and rubbishing ODM… do you start to get the answers?

SOURCE: KUMEKUCHA

 

[Smatta]

The title would rather look better if it will be like this "the settlers from Kenya are coming: is East Africa ready?"

Keep lying to yourself young man, denial is a bad disease.

 

[Ab-Titchaz]

Folks,

its my opinion that the exchange of ideas about the EAC should
be restricted to one or two threads. We are at a risk of having
multiple threads mushrooming around here with no purpose but
self posturing as our friend Kayundi2 is known for.

That said I believe its prudent to join this thread with that one
of 'Capitalism vs Socialism' posted by Smatta.

Regards.

 

[Smatta]

Mkuu,

Kwa hilo swali umegusa sehemu nyeti sana na nakumbuka katika ya
posting zako za awali uliwataja hawa mabwana lakini sikuona mtu
akijibu. That is the day nilikuinulia kofia japo sikukuambia.Kamata
hii article na mwenye la ziada aanze kugomba:

WHO ACTUALLY OWNS EQUITY​

Besides the fact that Transcentury holds a direct stake in Equity bank, it also holds a stake through Britak which in turn has a large shareholding of Equity Bank.

Recently, Transcentury also bought the maximum stake allowable for one shareholder of a bank in Kenya (24.9%) though their holding in Helios EB Partners. Helios Partners is a foreign incorporated company that recently got new investors in the form of Transcentury and more than half the money invested by Transcentury ($300M = Ksh 19.5B) came in to increase the capital of Equity Bank (This amount was approx Ksh 11B). The [COLOR=blue! important][COLOR=blue! important]Finance[/COLOR][/COLOR] Minster decided to look the other side as this transaction happened right under his nose. He even gave this group the exception from any scrutiny of who the shareholders are for 9 years.

Essentially, we will never know who the investors are for 9 years in this bank. Why would the government official make an unprecedented decision to exclude them from a regulation to protect consumers in such a sensitive sector? The reason could be to be to hide the fact that the ‘foreign investment’ is actually local investors and the fact that the same local investors have violated the max. Shareholding rules for banks. Picture this…

• Maximum Shareholding allowable to a shareholder who is not an executive = 24.9%

• Equity bank holding through Britak = 10%

• Equity Bank holding as Transcentury directly = aprox 3+%
Clearly, Transcentury now holds more that 38% of Equity Bank!

Proof of this available on: http://www.transcentury.co.ke/transcentury/[COLOR=blue! important][COLOR=blue! important]portfolio[/COLOR][/COLOR]

.asp

For the government officer involved… what was in it for him? For the government? Think of Equity bank chairman in London with PNU chaps openly campaigning for PNU and rubbishing ODM… do you start to get the answers?

SOURCE: KUMEKUCHA

Am not an economist so you'll clarify some things for me if I miss a step.

I usually dont understand what the craze is about some Kenyan companies being owned by 'foreigners'. To me, if a company is owned by a foreigner as long as it employs Kenyans (in all levels of productions) and pays taxes to the goverment then its good. But there is an obsession with Tanzanians on what their people 'NDUGU' owns, even if it doesn't contribute in any positive way in his life, he is happy just because the company is owned by one of 'them'. I dont know if that is the effect of socialism where you think that what is mine is ours or what? if thats the case then folks you need to change your mind frame, coz what is mine is mine.

AB, I sincerely dont care who owns Equity, as long as that bank has revolutionized banking in Kenya, its good with me.

 

[Ab-Titchaz]

Am not an economist so you'll clarify some things for me if I miss a step.

I usually dont understand what the craze is about some Kenyan companies being owned by 'foreigners'. To me, if a company is owned by a foreigner as long as it employs Kenyans (in all levels of productions) and pays taxes to the goverment then its good. But there is an obsession with Tanzanians on what their people 'NDUGU' owns, even if it doesn't contribute in any positive way in his life, he is happy just because the company is owned by one of 'them'. I dont know if that is the effect of socialism where you think that what is mine is ours or what? if thats the case then folks you need to change your mind frame, coz what is mine is mine.

AB, I sincerely dont care who owns Equity, as long as that bank has revolutionized banking in Kenya, its good with me.

Smatta,

hebu acha mchezo hapa. Is that why Kenya has allowed people like
kina Somaia and Pattni to fleece the economy and get away with it?
Wewe kuna wakenya watakupiga ngeta for these kinda comments.

The bottom line is profit. Akishamaliza kuwalipa nyie vijirupurupu na
kutoa kickbacks kibao to the powers that be, then hela iliobaki wanapeleka
India or England.These folks dont even respect the city codes for setting
up businesses and thats why buildings in Nai catch fire and the locals
die in droves.Kumbuka ishu ya Nakumatt na that paint factory that
caught fire in Industrial area. When a citizen dies for this kinda negligence
its just prudent to focus on who owns the companies and why the
behaviour is persisting.

Dont get it twisted by bringing the socialism concept on this one.

P.S. That animal called Transcentury..unawajua?

 

[The Quonquerer]

If it wasn't for their Socialim, Tanzanians would be landless now. If it wasn't for their Capitalism, Kenyans wouldn't be landless now and they wouldn't have to pay kina Gideon/Daniel Moi na wengine to buy it back. The cocktail of the two works well.

 

[Geza Ulole]

Am not an economist so you'll clarify some things for me if I miss a step.

I usually dont understand what the craze is about some Kenyan companies being owned by 'foreigners'. To me, if a company is owned by a foreigner as long as it employs Kenyans (in all levels of productions) and pays taxes to the goverment then its good. But there is an obsession with Tanzanians on what their people 'NDUGU' owns, even if it doesn't contribute in any positive way in his life, he is happy just because the company is owned by one of 'them'. I dont know if that is the effect of socialism where you think that what is mine is ours or what? if thats the case then folks you need to change your mind frame, coz what is mine is mine.

AB, I sincerely dont care who owns Equity, as long as that bank has revolutionized banking in Kenya, its good with me.

You will never understand cause you are a kiatu tell me the World top 5 biggest economies, which one of those their ecomies are owned by foreigners? Lets start US?, Japan?, Germany?, China?, France? The answer is none! Uende ukalale! Obsession of natives involvement in the economy of a nation comes with a more positive change economicwise if at all they pay tax!

By the way you are going out of point, we are never against foreign companies owning our companies, or doing business in our country but their acquisition process should be transparent, there should be fair trade, to access our market they should create jobs (and not the likes of Brookside that comes with Gema people from the boss to the sweeper to the watchman!) and they should pay tax and they should be read to relingush some shares through stock exchange for the public to take part and hence effecting the macroeconomic policies and hence reach MDGs!

When you come here and brag of Nakumatt is Kenyan while it is known the
Shah family is British and how much tax they evade, you disgrace yourself! Or when you brag of EA Brew while Kenya owns less than 20% with a lion share by Diageo! and for KenolKobil, you would cry if you would know who owns the company apart from Royal DutchShell there is a politician goes by the name Biwot has 17% not forgeting Middle East interests for which you will never know since the shareholders are not revealed to the public! Don't forget trinton saga! all the companies above they are simply Kenya incorporated but who owns them remain to be mystery (ofcourse foreigners+politicians are the big dons)!

Buddy, you are simply out of your mind! No wonder 54% of Kenyans are living under a dollar a day! While your politicians are richest people in that country! Think of Charles Njonjo, never did business in his lifetime but he is in everywhere whether you talk of General Motors EA, finance (CFC Financial Services) and Insurance businesses (Heritage All Insurance) yet he happened to be only attornery general of that country of yours! When did he amase all that wealth? You will keep living in that Kibera of yours till you understand the ethics we talk about as Tanzanians!

Mind you: I never said we don't have such people, we have also here in Tanzania! But we are not proud of them as the article tried to glorify them! I think the writer is a Kikuyu claiming to be a Tanzanian!

 

[Wacha]

Mimi nimefurahi sana hata wale ambao ni Ma-capitalist kama USA na UK wameweza kununua mabenki kwa kuyapa fweza hewa za walipa kodi hivi majuzi wakati wa recession. Hii capitalism ni kwa nchi zilizoendelea tu kama KENYA ambayo inafanya vizuri sana.

Kwa kweli ni lazima tufute jina la East Afrika na tubaki na jina la Kenya tu kwa sababu wenzetu wanajua sana kimombo na wameendelea hata kuwapita Waingereza na wamarekani. Hamuoni jamani hata rais wa amerika katoka kwao!

 

[Smatta]

You will never understand cause you are a kiatu tell me the World top 5 biggest economies, which one of those their ecomies are owned by foreigners? Lets start US?, Japan?, Germany?, China?, France? The answer is none! Uende ukalale! Obsession of natives involvement in the economy of a nation comes with a more positive change economicwise if at all they pay tax!

By the way you are going out of point, we are never against foreign companies owning our companies, or doing business in our country but their acquisition process should be transparent, there should be fair trade, to access our market they should create jobs (and not the likes of Brookside that comes with Gema people from the boss to the sweeper to the watchman!) and they should pay tax and they should be read to relingush some shares through stock exchange for the public to take part and hence effecting the macroeconomic policies and hence reach MDGs!

When you come here and brag of Nakumatt is Kenyan while it is known the
Shah family is British and how much tax they evade, you disgrace yourself! Or when you brag of EA Brew while Kenya owns less than 20% with a lion share by Diageo! You are simply out of your mind! No wonder 54% of Kenyans are living under a dollar a day! While your politicians are richest people in that country! Think of Charles Njonjo, never did business in his lifetime but he is in everywhere whether you talk of General Motors EA, finance (CFC Financial Services) and Insurance businesses (Heritage All Insurance) yet he happened to be only attornery general of that country of yours! When did he amase all that wealth? You will keep living in that Kibera of yours till you understand the ethics we talk about as Tanzanians!

Mind you: I never said we don't have such people, we have also here in Tanzania! But we are not proud of them as the article tried to glorify them! I think the writer is a Kikuyu claiming to be a Tanzanian

Point taken.