Tanzania’s exports to SADC countries soars

[Geza Ulole]

Tanzania's exports to SADC countries soars

FINNIGAN WA SIMBEYE,


Tanzanian exporters sold more to Southern Africa Development Community than East African Community last year, Bank of Tanzania (BoT) said in its latest Financial Stability (FS) report.

The bank said in the report with foreword by the Governor, Prof Benno Ndulu, growth in Sub Saharan Africa (SSA) is expected to accelerate across all countries backed by rise in investment and commodity boom.

"The SADC sub-region, which absorbs 29.0 per cent of Tanzania's exports, grew 4.6 per cent in 2013 and is expected to go up 5.1 per cent and 5.2 per cent in 2014 and 2015 respectively," it stated.

It said the EAC sub-region which absorbs 10.0 per cent of Tanzania's exports grew 5.6 per cent in 2013 and is expected to rise by 6.4 per cent and 6.5 per cent in 2014 and 2015 respectively.

"However, weakening growth in emerging market economies, less favourable commodity prices and domestic risks, such as those related to weather and other supply-side shocks pose risks to individual countries," the FS report noted. Cross-border banking operations in the SSA region depict a growing trend as the national economies continue to integrate.

Apart from the leading multi-national banking groups, African banking groups are also expanding their presence, with South African and Nigerian banks leading in SSA region, while Kenyan banks are leading in EAC.

"Supervisory colleges have been set up to coordinate regulatory oversight for the regional banking groups. However, the region lacks explicit arrangements for handling cross-border banking crisis.

At the East African Community level, the EAC Monetary Affairs Committee is in the process of setting up institutional arrangements for coordination of financial crisis management," it stated.

Economic performance in Tanzania remained stable during the year ending March, 2014 as reflected by broad macroeconomic indicators, despite challenges posed by regional and global environments.

The economy remained strong in 2013 at 7.0 per cent growth, which was above the regional averages in SSA and the EAC, the report further elaborated.

The growth is expected to increase further to 7.2 per cent and 7.5 per cent in 2014 and 2015, respectively. Contributing factors to this outlook include government efforts to improve infrastructure, sustain prudent fiscal and monetary policies and increase in aggregate demand.

The Tanzanian shilling remained fairly stable against major currencies except the Japanese Yen. The shilling appreciated against the Indian Rupee and South African Rand which had depreciated against the US Dollar on account of capital outflows.

In real terms, the Tanzanian shilling appreciated against a basket of currencies of major trading partners. This could negatively impact Tanzania's export competitiveness if it persists for long.

The financial sector remained stable and efficient in providing financial services to the economy during the year ending March 2014.

"The banking sector which accounts for about 70 per cent of total assets of the financial system, continued to grow in line with strong performance of the economy," the BoT Financial Stability report stressed.

The growth was driven by stable macro-economic conditions, establishment of new banks and expansion of branch network, growing banks linkage with SACCOS, introduction of agent banking, expansion of mobile banking and integration of mobile financial services to the banking system.

During the year ending March 2014, the banking system remained profitable, liquid and adequately capitalized. However, asset quality deteriorated on account of increase in non-performing loans in the personal, trade, manufacturing and agricultural credit categories.By FINNIGAN WA SIMBEYE,

Source: Tanzania Daily News


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[eliakeem]

Kudos Tanzania. Kudos SADC..

 

[ROBERT MICHAEL]

Ndo maana JK anaipotezea kiasi flani EAC.

 

[Ngongo]

Tanzania belong to SADC

 

[JokaKuu]

Ngongo,

..we dont belong anywhere.

..sisi tupo tupo tu.

..viongozi wetu ni wavivu na waongo, na wa-Tz tunameza kila kitu tunachoambiwa na viongozi.

..hiyo biashara wanayodai imekua, watueleze tunauza nini huko SADC.

 

[HIMARS]

Hongera

 

[inamankusweke]

Ngongo,

..we dont belong anywhere.

..sisi tupo tupo tu.

..viongozi wetu ni wavivu na waongo, na wa-Tz tunameza kila kitu tunachoambiwa na viongozi.

..hiyo biashara wanayodai imekua, watueleze tunauza nini huko SADC.

kwa hiyo hatufanyi biashara kabisa mkuu joka! kwamba balance of trade ni negative!!?..a captive of your own negativity

 

[Bavaria]

Balance of trade widens to 24%. What are we selling?? We import even toys, chicken. What are we expecting??
Sent from my RM-846_im_mea3_286 using Tapatalk

 

[JokaKuu]

kwa hiyo hatufanyi biashara kabisa mkuu joka! kwamba balance of trade ni negative!!?..a captive of your own negativity

..our leadership is not serious.

..haitoshi kusema tu kwamba mauzo yetu SADC yamekuwa.

..watueleze mauzo hayo yameongezeka ktk bidhaa zipi?

..tuko kwenye EAC zaidi ya miaka 15, na SADC miaka 20++, hebu niambie ukienda supermarket Kampala, Nairobi, Lusaka, Maputo, Lilongwe, etc etc utakuta asilimia ngapi ya bidhaa wanazouza zimetengenezwa Tanzania?

..mimi msimamo wangu ni kwamba: we can, and we should, do better.

 

[CattleRustler]

Mbona sioni kama hela ya bongo inapanda nguvu?

 

[MK254]

Tanzania belong to SADC

Subiri wenzio wenye upeo wa juu kwa maswala ya uchumi na utawala wakuelimishe. Siku hizi hamna cha ku-belong, kila mtu yuko kimaslahi, ukichelewa unabaki mwenyewe.

 

[inamankusweke]

..our leadership is not serious.

..haitoshi kusema tu kwamba mauzo yetu SADC yamekuwa.

..watueleze mauzo hayo yameongezeka ktk bidhaa zipi?

..tuko kwenye EAC zaidi ya miaka 15, na SADC miaka 20++, hebu niambie ukienda supermarket Kampala, Nairobi, Lusaka, Maputo, Lilongwe, etc etc utakuta asilimia ngapi ya bidhaa wanazouza zimetengenezwa Tanzania?

..mimi msimamo wangu ni kwamba: we can, and we should, do better.[/QUOT supermaket!..unaulizia juisi zetu huko nje?..za nini,mi nilidhan utaulizia saruji,nondo,magodoro dodoma..ambavyo unit moja sawa au zaid ya mzigo wa juis unaobebwa na suzuki carry

 

[JokaKuu]

supermaket!..unaulizia juisi zetu huko nje?..za nini,mi nilidhan utaulizia saruji,nondo,magodoro dodoma..ambavyo unit moja sawa au zaid ya mzigo wa juis unaobebwa na suzuki carry

..thanx.

..juice, saruji, nondo, magodoro, transformers, majembe, kanga, etc etc zote ni bidhaa muhimu, kutegemea unazungumzia sehemu gani ya Tanzania.

..kwa mfano, mkoa wa Tanga wanazalisha zaidi matunda. Kwa hiyo nchi hii ikiwa inauza juice nyingi nje, maana yake ni kuwa wakulima wa Tanga wameneemeka.

..tukiuza kanga,vitenge, mashuka, na bidhaa nyingine za pamba, maana yake mikoa inayolima pamba kama Mwanza, Shinyanga, etc imeinuka kiuchumi.

..halafu hao wakulima, wafugaji, wavuvi, wakiinuka maana yake hata soko la ndani nalo litakua. kwa mfano mkulima akipata ziada ya mapato basi ataanza kutamani baiskeli, nyumba ya bati, maji ndani ya nyumba, etc etc

..ninachojaribu kusema ni kwamba tusiridhike na hii hali tuliyonayo. we have a long way to go kabla ya kuanza kujisifia.

..vilevile tuwe na utaratibu wa kuhoji-hoji mambo. kila siku viongozi wana-paint a very rosy picture lakini ukiangalia hali za wananchi hazionekani kuinuka.​

 

[MK254]

..thanx.

..juice, saruji, nondo, magodoro, transformers, majembe, kanga, etc etc zote ni bidhaa muhimu, kutegemea unazungumzia sehemu gani ya Tanzania.

..kwa mfano, mkoa wa Tanga wanazalisha zaidi matunda. Kwa hiyo nchi hii ikiwa inauza juice nyingi nje, maana yake ni kuwa wakulima wa Tanga wameneemeka.

..tukiuza kanga,vitenge, mashuka, na bidhaa nyingine za pamba, maana yake mikoa inayolima pamba kama Mwanza, Shinyanga, etc imeinuka kiuchumi.

..halafu hao wakulima, wafugaji, wavuvi, wakiinuka maana yake hata soko la ndani nalo litakua. kwa mfano mkulima akipata ziada ya mapato basi ataanza kutamani baiskeli, nyumba ya bati, maji ndani ya nyumba, etc etc

..ninachojaribu kusema ni kwamba tusiridhike na hii hali tuliyonayo. we have a long way to go kabla ya kuanza kujisifia.

..vilevile tuwe na utaratibu wa kuhoji-hoji mambo. kila siku viongozi wana-paint a very rosy picture lakini ukiangalia hali za wananchi hazionekani kuinuka.​

Tanzania na Afrika Mashariki inahitaji sana watu aina yako mkuu.

 

[Cloud Computing]

..thanx.

..juice, saruji, nondo, magodoro, transformers, majembe, kanga, etc etc zote ni bidhaa muhimu, kutegemea unazungumzia sehemu gani ya Tanzania.

..kwa mfano, mkoa wa Tanga wanazalisha zaidi matunda. Kwa hiyo nchi hii ikiwa inauza juice nyingi nje, maana yake ni kuwa wakulima wa Tanga wameneemeka.

..tukiuza kanga,vitenge, mashuka, na bidhaa nyingine za pamba, maana yake mikoa inayolima pamba kama Mwanza, Shinyanga, etc imeinuka kiuchumi.

..halafu hao wakulima, wafugaji, wavuvi, wakiinuka maana yake hata soko la ndani nalo litakua. kwa mfano mkulima akipata ziada ya mapato basi ataanza kutamani baiskeli, nyumba ya bati, maji ndani ya nyumba, etc etc

..ninachojaribu kusema ni kwamba tusiridhike na hii hali tuliyonayo. we have a long way to go kabla ya kuanza kujisifia.

..vilevile tuwe na utaratibu wa kuhoji-hoji mambo. kila siku viongozi wana-paint a very rosy picture lakini ukiangalia hali za wananchi hazionekani kuinuka.​

Umenena kiongozi, viongozi na watendaji wa tz ni wazuri sana kuzungumza vitu in general badala ya kutupa actual data na jinsi gani hasa wananchi wananufaika. Maana kitu muhimu cha sisi kuwepo katika hizi regional blocks ni wananchi wafaidike, sasa kama mwananchi wa kawaida haonekani kufaidika then whats the point?