Gelange Vidunda
JF-Expert Member
- Aug 18, 2008
- 314
- 31
In order to move ahead and succeed do what the rich are/have doing/done (legally, that is). There is a need to learn from whoever has done it well and has made oil & gas work for their countries. Case in point: the Emirates. We should learn to avoid the so called "Dutch disease" plaguing other Afrikan countries e.g. Equatorial Guinea, Nigeria, etc.
In minerals we should learn from South and Latin American countries and even Botswana where the royalties are as high as 18% on total revenues and not on profits that we have here in Tanzania!
In minerals we should learn from South and Latin American countries and even Botswana where the royalties are as high as 18% on total revenues and not on profits that we have here in Tanzania!