Karikenye
JF-Expert Member
- Apr 11, 2011
- 564
- 279
With disgust I have read the reserve account of Tanzania amounting to $ 3.6 billion after 50 years of independence whereas two countries which had our status in 1960`s namely Singapore and Malaysia have surpassed us such that we must be running to catch them.
The former has the reserve of $ 246.1 billion whereas the later has the reserve of $ 135.9 billion both figures were of as at 30th April 2012..
My colleagues lets discuss heartily what could be done to rectify this situation..my heart is pounding heavily when you are told that just the renovation of Prof Beno Ndulu house has siphoned tax payers` money amounting to Tsh 3 billion whereas our reserve account stands at $ 3.6 billion which equates to the income of North Mara Nyamongo Gold Mine..
It hurts... and it pains....
The former has the reserve of $ 246.1 billion whereas the later has the reserve of $ 135.9 billion both figures were of as at 30th April 2012..
My colleagues lets discuss heartily what could be done to rectify this situation..my heart is pounding heavily when you are told that just the renovation of Prof Beno Ndulu house has siphoned tax payers` money amounting to Tsh 3 billion whereas our reserve account stands at $ 3.6 billion which equates to the income of North Mara Nyamongo Gold Mine..
It hurts... and it pains....