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Farmers Bank capital to double

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by TandaleOne, Sep 16, 2010.

  1. TandaleOne

    TandaleOne JF-Expert Member

    Sep 16, 2010
    Joined: Sep 4, 2010
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    16th September 2010

    Chama Cha Mapinduzi (CCM) presidential candidate Jakaya Kikwete has promised to double capital set aside for the Farmers Bank in case of any delay.
    Kikwete told a campaign rally at Msuya grounds in Mwanga District that the government had promised to give 50bn/- to the bank and was only waiting for China to be a shareholder in the project.
    He said if China delayed, the 50bn/- would be sent to Tanzania Investment Bank and when China was ready the government would double the capital to 100bn/-
    “Our friends China are still preparing for the Farmers Bank. We will give 50bn/- to TIB and once they are ready, we will double it to 100bn/-,” Kikwete said.
    He also promised that Tanzania would by 2020 be sending extra teachers to countries in need after producing many of them.
    Campaigning for himself and Prof Jumanne Maghembe vying for Mwanga parliamentary seat, he said the number of teachers who graduated this year was 20,000, up from last year’s 16,000.
    He was briefed by the Minister for Education and Vocational Training that this year 12,124 teachers would graduate with a first degree and about 8,500 with a diploma.
    Kikwete said next year, each secondary school would get five teachers and as years passed by more teachers would be allocated to each school.
    Before 2009 the country was producing less than 600 teachers but last year, 5,339 teachers graduated, the majority of them from the University of Dodoma, Dar es Salaam University College of Education, MUCE and other public and private colleges and universities.
    He promised to end water problems for Same and Mwanga districts by sourcing water from Ruvu River.
    Kikwete said all plans for the project were complete and the government was looking for a consultant to start the project.
    He told the electorate that by January 2011, it would start and some areas would start getting water by March.
    “We have established Kiberenge Mountain for a water tank to store water for Mwanga and Same lower areas,” he said.

  2. TandaleOne

    TandaleOne JF-Expert Member

    Sep 18, 2010
    Joined: Sep 4, 2010
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    Good news for the week.