Foreign direct investmen in tanzania is a disaster | JamiiForums | The Home of Great Thinkers

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Foreign direct investmen in tanzania is a disaster

Discussion in 'Jukwaa la Siasa' started by Mghaka, Jul 21, 2011.

  1. M

    Mghaka JF-Expert Member

    Jul 21, 2011
    Joined: Apr 11, 2011
    Messages: 320
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    Any foreign investment policy must attach three strings that a foreign investor should bring to Tanzania and these are;
    1. it must boost the economy of the country and that of the local community of its project geographical area
    2. it has got to create employment and
    3. generate revenue in form of taxes
    The above are the three criteria for which FDI performance must be judged for, Tanzania policy provides tax holiday, brings foreign expatriates even in areas where skills can be found locally, their investment are in many cases not linked to the local market and economy. Tanzania pays investors to come to Tanzania, then pays them to repatriate proceeds of their investment. It is sad story that we learn to live with it.

    It is a woeful failure, shame upon CCM and its leaders and CCM parliamentary majority. Remember, that day is coming, when you will be asked what you did to this country, if not yourself your children and grand children. The worth you created by stealing is on record you leave it with your wife or children it will be traced.

    "If by a mere numbers of majority you deprive the minority the clearly constitutional stated right, then on moral point of view revolution is justified" Abraham Lincoln