Finally, Mwananchi Gold has come out of its shell of secrecy and spoken - loudly- against stories published by THISDAY and its sister paper - KULIKONI. According to a statement of the company published in several local dailies, what we have been saying is a pack of lies and should be ignored and the company has been so advised by those close to it It is a commendable move but one that begs a lot of questions.
Mwananchi Gold Company, which was formally inaugurated by the immediate former resident Benjamin William Mkapa in 2005 has not been known to be one that is transparent and that is a fact that we have, time and again, brought to the fore. The reason for this is paradoxically simple and complicated at the same time: the Bank of Tanzania has been bankrolling a project that the law does not allow it to be in.
We have stated the facts and cited the opinion of legal experts and it all points to one fact: the project leaves a lot to be desired in the way it was conceived, structured and funded. We are talking about billions of shillings belonging to Tanzanians here which we feel a cheeky few are trying to use for personal gain. As it does not wash with us we had to speak for the voiceless.
We must state categorically that the statement by the company has not addressed a number of issues which we think must be thoroughly explained. We understand that as a company it is the money that matters and not those who brings it. However, given the high social standing that those who are the body and soul of the company have, transparency is vital. This is not OPM (Other Peoples Money) but Tanzanians.
The statement by Mwananchi Gold is, in our considered opinion, meant to mislead the public by avoiding the real issues and resorting to simplifying matters which should not be treated so. We have addressed the illegality of the Bank of Tanzania involving itself in the project only to be told by Mwananchi Gold that its involvement in the development of the gold refinery is associated with the tradition that links gold refineries with central banks Only one example has been cited - that of the Reserve Bank of zimbabwe owning a gold refinery.
The point that Mwananchi Gold has missed here is that we are not talking about tradition but the law that governs the operations of the BoT. Expert opinion says that the old and the new Bank of Tanzania principal legislation does not allow the Bank to involve itself in commercial or industrial undertakings unless it is for the sole reason of recovering debts owed to it.
We dare Mwananchi Gold not only to deny that it is both, a commercial and industrial undertaking, but also to give the correct legal position lest we have faltered.
Mwananchi Gold has dared us to go to CCM while have stated that we have been there. We all know CCM and as its chairman President Jakaya Kikwete said, CCM ni vikao (CCM matters are decided in properly constituted meetings). Let us refresh Mwananchi Golds memory by stating that we quoted the immediate former Secretary General of CCM Phillip Mangula as well as Mzee Peter Kisumo, a trustee of the party.
What we said is in one of the issues that Mwananchi Gold has associated with the frivolous -us. No, we are not. We are the tellers of the truth and the truth is never frivolous.
We dare Mwananchi Gold to produce an instrument executed by CCM appointing the trustees of the Mwananchi Trust - the majority shareholders - and authorising the company (Mwananchi Trust) to purchase and hold shares in the Mwananchi Gold.
We say this as we are reliably informed that even the CCMs Central Committee is yet to be informed about the venture - so unlike CCM. We know the ploy is to drag in CCM so that we get cold feet, but this CCM is not that of yesteryears. We invite Mwananchi Gold to closely watch the way its chairman walks his talk.
Given the massive investment in the undertaking, if Mwananchi Gold went headlong into the project without due diligence being carried out on its shareholders, it is solely responsible for getting its chestnuts out of the fire - we are not. Tell the truth Mwananchi Gold for it shall make you free.
What we see here is a situation whereby the name of the artisanal and small scale miners has been used to set into motion a project that is meant to benefit a few but putting majority in harms way through illegal infusion of capital .
We say, and we repeat, our law does not allow the BoT to go into ventures like this. Apparently the BoT was cajoled, whether by default or design, to bankroll a project that, four years down the line, has not shown any results but an incessant thirst for public funds. Are we supposed to bury our heads in the sand? No. Not THISDAY. We hold the truth dear and we say it - loudly and proudly.
We wish to remind Mwananchi and the like-minded that our paper is run by well-trained professionals with diverse professionals who cannot be derailed by the simple-minded. When we took it upon ourselves to tell the truth, we meant it and we are doing it. The people will absolve us. Threatened legal action is most welcome, for those who are aggrieved have that legal right.