Source ya hii ni huko Tanzanet Changa la macho la Barrick na BoT wanakimbilia bila fikara. This idea of spinning off ABG was announced to the world in mid February, and the IPO is supposed to be in mid-March. On the face of it it would seem that this is chance for Tanzania to grab a sizeable stake at the Barrick mining business in Tanzania. This is what I think Tanzania should do: 1. Refuse any Tanzanian from buying into ABG at this time. Why? Tell Barrick to give Tanzania 1 year notice for Tanzanians and Institutions to do a thorough due diligence and mobilize resources to participate meaningfully. Anyone with enough resources to buy into the IPO must be an irresponsible money manager or money launderers. Where on earth does Barrick expect the Government to raise funds in 30 days to buy a good stake in ABG? All the govt money was appropriated in the last Parliament and no millions were set aside in a Venture capital kitty just in case Barrick spins off a piece of the act. Pension Funds and other companies have quarterly, simi-annual and annual investment plans. If they sit arround with millions of dollars in savings account waiting for some company to spring up an IPO, I would say they need a new CFO. The well managed funds could not come up with a large amount of money to sink into this IPO. Nani waliobaki? Hatuna Short term Venture Capital Funds. Even the likes of UTT will have to sell some current positions to mobilize resources, otherwise they would need to borrow from the banks at 10 or 15 percent rates, so the IPO has to payoff well for this to be a good move. 2. To spin off ABG is tantamount to major change in ownership of a concern in Tanzania. The agreement should never allow such change of ownership without a No Objection Clause by the sovereign of the land. Sio kila mtu mwenye hela tunaweza kumruhusu kuwekeza Tanzania. Wengine ni maadui sasa au wategemewa. 3. We should not be bulldozed into buying into all the four mines. We should be able to choose which of the mines we want to invest in and leave out others. Barrick may have invested in all of them knowing they modulate their differences by their world wide holdings. We should be able to choose, so we should demand that ABG sell shares in Balyankhulu, Tulawaka, North Mara and Geita separately. While we are at it, we ask them to include Kabanga Nickel into the ABG portfolio. With these three reasons alone BoT should say Thanks but no Thanks. Sometimes we need a backbone and patience to get what we deserve. Tunahitaji ujeuri kidogo.