SHADOWANGEL
JF-Expert Member
- Sep 15, 2014
- 528
- 348
Source.. Click Below
THE EFFECT OF TANZANIA WEALTH CREATION MODEL IN OIL AND GAS.
CHOSEN READER COMMENTS: from Lyaruu
It is unfortunately that through all this years of governing ourself our leader have not realised what ‘s the best thing do with the vast mineral wealth beneath our land. They only think of extracting and sell the raw mineral to developed country instead of developing skills to turn this mineral into high value-end products right here in our country.
Minerals are not renewable and at some point they will runout. It’s better if we start to add value to the minerals we’re extract by converting them to end products. By doing this we’ll create weathy to our country and provide much needed employment to our massive youth. Better late than never.
DID YOU KNOW?
What do you know of the cocoa bean and its uses today? There are billion-dollar industries waiting to be created with the raw materials of our country, that the world doesn’t even know about today.
NOW IMAGINE:
Imagine the example of one ton of Aluminum that is sold as a raw material ( Africa) , then one ton of Aluminium that is sold as utensils , then as an aeroplane , then as a fighter plane (USA) . It becomes easier to realise which country is bound to be the richest ? The one that created the most wealth with one ton of Aluminum in the Value Chain.
CHALLENGE FOR POLICY MAKER IN TANZANIA
Ask yourself what incentives your country has put in place to encourage entrepreneurs, innovators and inventors to develop exciting new products and services, and to invest in industries that use our raw materials? What policies encourage investors to come in and set up industries that rely on those raw materials?
What tax breaks will you give TMGOL if we set up a manufacturing business that uses the oil, platinum or cocoa in Tanzania?
CHALLENGE FOR TEACHERS
If you’re a school teacher, why not ask your students today to draw up lists of all the innovative things that are made from our country’s raw material exports.
In just this alone, you will have taken the first step to changing our wealth creation model. If they’re in high school, ask them to draw up a list of nations that are very successful and yet do not have natural resources. In this you will change their mindsets about wealth creation.
The late Shah Quotes
The late Shah of Iran once famously said that oil was too valuable to burn as petrol. One day we’ll find that platinum is too valuable to export as platinum, even when processed. We will not solve the problem by telling miners to process; we must give incentives to entrepreneurs and investors to develop products. We should be seeking to export watches, dental equipment, computer parts… and emerging technologies “made in Africa!”
IMAGINE NEW WEALTH CREATION MODELS.
Imagine if my teachers had taught me that we are “very rich” because we produce some of the smartest entrepreneurs in Tanzania… people with the know-how and vision to transform our minerals into such great innovations and products that we no longer export our raw materials all over the world!
Imagine a wealth creation model that doesn’t require any raw material endowment, like Silicon Valley, or Singapore! I was fascinated by countries that rise without necessarily being underpinned by minerals and the exploitation of raw materials: Dubai, Mauritius, Singapore, South Korea, Switzerland, to name but a few.
It’s good to have oil and platinum, and to grow cocoa and coffee. But for citizens to benefit from a nation’s natural resources, it’s critical to have the best stewardship, and to eliminate corruption. Without a culture of respect for rule of law, all future wealth creation models are doomed to failure.
TANZANIA DATA.
2.95 million tons of fruits and vegetables produced annually only 4% is processed within the country the rest is………for Fruit/Vegetable
120, 000 tones annually. Only about 10% of the cashew nuts produced within the country is processed………….for Cashew nut:
More than 80% in raw and only 20% is locally processed………Textile and apparel
livestock population (17.7m cattle, 12.5m goats and 3.5m sheep) and produces about 2.6
million pieces of raw hides and skins annually. Only 10% is processed within Tanzania…….Leather Sector.
Energy is recognized as key challenge for Tanzania’s sustainable development…..
In Tanzania is Only 12% of the minerals have been exploited.. Tz remain with 88% underground…
For Oil and Gas…………….Still waiting ………………????????
THINK…..
Countries where consumers can buy domestically-processed and finished products – value-added goods created from their own raw materials! I imagined a Nigeria which turned its oil into plastics, fertilizers, sports equipment, cosmetics, deodorants, and toothpaste!
WAY FORWARD
We can no longer allow our country economic to be underpinned solely by the export of raw materials. We must prioritise the development of innovative capacity to redeploy our rich natural resources within our own economies. It goes beyond the simplicity of “processing” and so-called “beneficiation.” That’s not enough. We must also pay attention to emerging technologies and how they’re likely to affect the businesses we’re familiar with today.
TMGOF INFORMATIVE COMPANY PROJECT APPEAL
TMGOF appeal to this next generation is to get Tanzania out of a “wealth creation model” underpinned by export of natural resources. We can no longer afford to think of the wealth of our nations in terms of mineral and raw material exports.
Not when you know there’s a Silicon Valley; not when you know that Apple Computers Inc. is worth almost the same as Nigeria’s and Angola’s combined GDP! Not when you’re the generation that knows about Alibaba, Bakhresa, Dangote and ……!
LAST CHALLENGE
As we see the price of oil, copper, and platinum plummet, let’s stop and take a deep breath, and say to ourselves: “It’s time to change our WEALTH CREATION MODEL.”
Within the next 10 years, we must break our addiction to resource-driven economic wealth. It’s time to turn to our Tanzanian inventors, innovators and entrepreneurs.
Source.. Click Below
THE EFFECT OF TANZANIA WEALTH CREATION MODEL IN OIL AND GAS.
THE EFFECT OF TANZANIA WEALTH CREATION MODEL IN OIL AND GAS.
CHOSEN READER COMMENTS: from Lyaruu
It is unfortunately that through all this years of governing ourself our leader have not realised what ‘s the best thing do with the vast mineral wealth beneath our land. They only think of extracting and sell the raw mineral to developed country instead of developing skills to turn this mineral into high value-end products right here in our country.
Minerals are not renewable and at some point they will runout. It’s better if we start to add value to the minerals we’re extract by converting them to end products. By doing this we’ll create weathy to our country and provide much needed employment to our massive youth. Better late than never.
DID YOU KNOW?
What do you know of the cocoa bean and its uses today? There are billion-dollar industries waiting to be created with the raw materials of our country, that the world doesn’t even know about today.
NOW IMAGINE:
Imagine the example of one ton of Aluminum that is sold as a raw material ( Africa) , then one ton of Aluminium that is sold as utensils , then as an aeroplane , then as a fighter plane (USA) . It becomes easier to realise which country is bound to be the richest ? The one that created the most wealth with one ton of Aluminum in the Value Chain.
CHALLENGE FOR POLICY MAKER IN TANZANIA
Ask yourself what incentives your country has put in place to encourage entrepreneurs, innovators and inventors to develop exciting new products and services, and to invest in industries that use our raw materials? What policies encourage investors to come in and set up industries that rely on those raw materials?
What tax breaks will you give TMGOL if we set up a manufacturing business that uses the oil, platinum or cocoa in Tanzania?
CHALLENGE FOR TEACHERS
If you’re a school teacher, why not ask your students today to draw up lists of all the innovative things that are made from our country’s raw material exports.
In just this alone, you will have taken the first step to changing our wealth creation model. If they’re in high school, ask them to draw up a list of nations that are very successful and yet do not have natural resources. In this you will change their mindsets about wealth creation.
The late Shah Quotes
The late Shah of Iran once famously said that oil was too valuable to burn as petrol. One day we’ll find that platinum is too valuable to export as platinum, even when processed. We will not solve the problem by telling miners to process; we must give incentives to entrepreneurs and investors to develop products. We should be seeking to export watches, dental equipment, computer parts… and emerging technologies “made in Africa!”
IMAGINE NEW WEALTH CREATION MODELS.
Imagine if my teachers had taught me that we are “very rich” because we produce some of the smartest entrepreneurs in Tanzania… people with the know-how and vision to transform our minerals into such great innovations and products that we no longer export our raw materials all over the world!
Imagine a wealth creation model that doesn’t require any raw material endowment, like Silicon Valley, or Singapore! I was fascinated by countries that rise without necessarily being underpinned by minerals and the exploitation of raw materials: Dubai, Mauritius, Singapore, South Korea, Switzerland, to name but a few.
It’s good to have oil and platinum, and to grow cocoa and coffee. But for citizens to benefit from a nation’s natural resources, it’s critical to have the best stewardship, and to eliminate corruption. Without a culture of respect for rule of law, all future wealth creation models are doomed to failure.
TANZANIA DATA.
2.95 million tons of fruits and vegetables produced annually only 4% is processed within the country the rest is………for Fruit/Vegetable
120, 000 tones annually. Only about 10% of the cashew nuts produced within the country is processed………….for Cashew nut:
More than 80% in raw and only 20% is locally processed………Textile and apparel
livestock population (17.7m cattle, 12.5m goats and 3.5m sheep) and produces about 2.6
million pieces of raw hides and skins annually. Only 10% is processed within Tanzania…….Leather Sector.
Energy is recognized as key challenge for Tanzania’s sustainable development…..
In Tanzania is Only 12% of the minerals have been exploited.. Tz remain with 88% underground…
For Oil and Gas…………….Still waiting ………………????????
THINK…..
Countries where consumers can buy domestically-processed and finished products – value-added goods created from their own raw materials! I imagined a Nigeria which turned its oil into plastics, fertilizers, sports equipment, cosmetics, deodorants, and toothpaste!
WAY FORWARD
We can no longer allow our country economic to be underpinned solely by the export of raw materials. We must prioritise the development of innovative capacity to redeploy our rich natural resources within our own economies. It goes beyond the simplicity of “processing” and so-called “beneficiation.” That’s not enough. We must also pay attention to emerging technologies and how they’re likely to affect the businesses we’re familiar with today.
TMGOF INFORMATIVE COMPANY PROJECT APPEAL
TMGOF appeal to this next generation is to get Tanzania out of a “wealth creation model” underpinned by export of natural resources. We can no longer afford to think of the wealth of our nations in terms of mineral and raw material exports.
Not when you know there’s a Silicon Valley; not when you know that Apple Computers Inc. is worth almost the same as Nigeria’s and Angola’s combined GDP! Not when you’re the generation that knows about Alibaba, Bakhresa, Dangote and ……!
LAST CHALLENGE
As we see the price of oil, copper, and platinum plummet, let’s stop and take a deep breath, and say to ourselves: “It’s time to change our WEALTH CREATION MODEL.”
Within the next 10 years, we must break our addiction to resource-driven economic wealth. It’s time to turn to our Tanzanian inventors, innovators and entrepreneurs.
Source.. Click Below
THE EFFECT OF TANZANIA WEALTH CREATION MODEL IN OIL AND GAS.
