China gives Tanzania $180m in loans

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By Fumbuka Ng'wanakilala
Sat Jan 16, 2010


DAR ES SALAAM (Reuters) - China gave Tanzania $180 million in concessional loans on Friday as part of its pledge to provide $10 billion in low-cost lending to Africa over the next three years, Tanzanian Finance Minister Mustafa Mkulo said on Saturday.

The agreement was unveiled during a visit to the Tanzanian commercial capital Dar es Salaam by Chinese Commerce Minister Chen Deming, who arrived on Thursday for a three-day tour of east Africa's second largest economy.

China made the $10 billion pledge -- double the amount offered in 2006 -- at a summit in Egypt in November as it aims to boost a relationship with the continent which goes back decades politically and is now booming economically.

Blossoming trade and business ties have attracted Western accusations that Beijing is solely interested in African resources and is ready to overlook poor governance.

Chinese commentators respond that envious Europeans still treat the continent like a colony.

"This loan is part of the fulfilment of promises made by China to provide $10 billion in concessional loans to Africa between 2010 and 2013," Mkulo told Reuters in an interview on Saturday.

Mkulo said the loans would fund various development projects in infrastructure and information, communication and technology.

He said Tanzania was also in talks with Beijing for additional loans in agriculture, railway infrastructure, transportation and for the upgrade and rehabilitation of Dar es Salaam's underperforming port.

"There is a lot more to come from China," he said.

Beijing says it also plans to help Africa develop clean energy generation and cope with climate change, encourage Chinese financial institutions to lend to smaller African companies and expand market access for African products.

International donors fund a third of Tanzania's budget, but concerns over weak governance and corruption have prompted some to put the disbursement of loans on hold.

China's relations with Tanzania flourished in the 1960s under the east African country's first President Julius Nyerere, an ardent socialist who visited the country numerous times.

"Tanzania and China enjoy excellent ties ... It has never been better. We have a very, very good relationship politically, economically and socially," said the finance minister.

Tanzanian President Jakaya Kikwete called at the signing ceremony for the broadening of trade between the two countries and said Chinese companies were welcome to invest in Tanzania.

China is Tanzania's third largest trade partner, with exports from the east African country to Beijing rising by 46.7 percent in the first 11 months of 2009.
 

Tumain

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Loan loan loan vipi hawa?

Swali je wanachukua loan kwasababu mkopo upo au kwasababu kuna miradi imekwama inahitaji pesa?

Nionavyo mimi Tanzania wanachukua mkopo kwasababu tu anayekopesha yuko tayri kutoa bila kujua itatumika vipi?
 

Lukolo

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Lukolo

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Alipoingia Mwinyi alikopa wee akaiacha nchi katika hali ngumu kabisa. Uchumi ukaporomoka na thamani ya pesa ikawa kwisha kabisa.

Mkapa akaja akalipa weeeee, akapambana kupandisha uchumi wa nchi weee, akaimarisha thamani ya pesa na kuzuia mfumuko wa bei.

Sasa amekuja Kikwete mwendo ni uleule kama wa Mwinyi, kopa weeee, didimiza uchumi wa nchi weee, tia umasikini nchi na shusha thamani ya hela.

Raisi atakayekuja atafanya kazi ya kulipa madeni na kupandisha uchumi. Hapo tunapima performance ya wakristo na waislamu, ni kama Republican na Democratic.

Mwingine kazi yake kukusanya, mwingine kazi yake kutumia.

Tutaendelea kweli?
 

IronBroom

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IronBroom

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Alipoingia Mwinyi alikopa wee akaiacha nchi katika hali ngumu kabisa. Uchumi ukaporomoka na thamani ya pesa ikawa kwisha kabisa.

Mkapa akaja akalipa weeeee, akapambana kupandisha uchumi wa nchi weee, akaimarisha thamani ya pesa na kuzuia mfumuko wa bei.

Sasa amekuja Kikwete mwendo ni uleule kama wa Mwinyi, kopa weeee, didimiza uchumi wa nchi weee, tia umasikini nchi na shusha thamani ya hela.

Raisi atakayekuja atafanya kazi ya kulipa madeni na kupandisha uchumi. Hapo tunapima performance ya wakristo na waislamu, ni kama Republican na Democratic.

Mwingine kazi yake kukusanya, mwingine kazi yake kutumia.

Tutaendelea kweli?
Nakerwa sana na watu wanaohusianisha utendaji wa wanasiasa wetu na Dini zao...please learn to separate an office from the office bearer!
 

The Quonquerer

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The Quonquerer

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Hiyo ya Vangi ni kali! Mi naona ina ukweli ndani yake, lakini Mkapa alikuwa mwizi vile vile! Kufanya kazi si excuse ya kupora wanach maskini. Angeweza kufanya kazi na akala hela!
 

bona

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bona

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nimesikitishwa kwani kukopa kwa nchi za kiafrika si aibu, ni achievement kwa kua eligible kukopeshwa, mwalimu nyerere ktk vitu alivyovichukia ni kukopakopa na kutangaza kila kona ya nchi kana kwamba ni ufahari.

pili uo mkopo tuna plan nao wowote, kwani wakati madeni yanalipwa kila mwananchi atajua serikali kwa sasa haina ela eti inalipa madeni, kwa nini serikali isitoe madeni yote nchi iliyonayo then iseme kila mkopo ulitumikaje then ndio tuambiwe tunalipa!

je jitihada za kufunga mikanda kua tunalipa madeni zimeishia wapi, au zilikua mbio za sakafuni, watanzia tufaham ukopaji wa ela mara nyingi unaendana na thamani ya pesa kushuka, ii mfumuko wa bei (angalia bidhaa za chakula bei zake ziko mara tatu ya zilivokua kabla kikwete hajaingia madarakani wakati pato la mwananchi liko palepale) unaojitokeza kipindi ichi cha mr kikwete ni result ya kuchapisha mapesa ovyo na kukopa as a rsult pesa inakua nyingi kwenye mzunguko kuliko uzalishaji au upatikanaji wa vitu!

in short hatuitaji mkopo tujipange kwa tulizonazo, kweli unaitaji mkopo kama nyumba ya gavana wa bot inakarabatiwa kwa zaidi ya billion? kweli ukistaajabu ya musa utayaona ya firauni
 

Utingo

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Utingo

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Loan loan loan vipi hawa?

Swali je wanachukua loan kwasababu mkopo upo au kwasababu kuna miradi imekwama inahitaji pesa?

Nionavyo mimi Tanzania wanachukua mkopo kwasababu tu anayekopesha yuko tayri kutoa bila kujua itatumika vipi?
New EPA, remember what is to happen in cotyober 2010?
 

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