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Rais Magufuli
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Member Joined: 3/9/2012 Posts: 144
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murchr wrote:
However, some Tanzanians, especially businessfolk, are having doubts about Mr Magufuli’s flair for the dramatic. When he thinks a public official has misbehaved he fires him on the spot, rather than following due process. More important is that he shows little interest in wider reforms aimed at spurring economic growth. If anything he seems to be making it tougher to invest in a country that already scores dismally on the World Bank’s ease of doing business index, where it is ranked 139th out of 189. “What Africa needs is strong institutions, not strong men or women,” says Zitto Kabwe, an opposition leader.
Instead of addressing these deeper structural issues Mr Magufuli has continued to live up to his nickname of “Bulldozer”: one foreign firm was given seven days to settle a $5m bill, says its boss. The country’s revenue authority then took the money directly from its bank account. By contrast, the government is painfully slow to pay its own bills: it still owes the same company $30m.
Acacia Mining, a gold producer, is owed $98m in VAT rebates—effectively an interest-free loan to the government. “The country has become totally uninvestable,” says a bigwig at a private-equity firm with holdings across Africa. “You pay your taxes for five years and have the returns to prove it and then some guy arrives with his own calculation and says you haven’t paid your tax.”
@ Murchur you have raised some good points on " ease of doing busines in TZ'...now anyone interested in a business meeting, conference or any business/work related issue has to pay for a business permit of USD 200 for Africans and USD 250 for others.....now tell me how will the spirit of EAC be captured....Is TZ trying to emulate UK and the drama of divorcing European Union??...I give up.... I found meaningful work🤓
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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He he...From that Economist article... Quote:The president, nicknamed “the Bulldozer”, has delighted Tanzanians with an anti-corruption drive and public displays of austerity. However, he has a worrying tendency not to think things through.
Take, for example, his efforts to extract more tax from people using the port at Dar es Salaam, a gateway for the region. He has enforced VAT on the costs of moving goods that arrive at the port overland to neighbouring countries such as Zambia and Malawi. Shipping firms have immediately switched routes and now unload in Kenya, Mozambique or South Africa, leaving a once bustling harbour almost empty.
Mr Magufuli’s zeal may be admired, but his party, which has ruled Tanzania since independence, is thuggish and undemocratic: it suppressed dissent during the elections last year and then cancelled a vote held in Zanzibar after the opposition probably won it. Frustrated, America suspended $472m of aid. The Bulldozer merely harrumphed that Tanzania would soon no longer need aid and told the revenue authority to squeeze even harder.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The Tanzanian government has banned a weekly local newspaper Mseto for three yearson grounds that it breached the Newspapers Act. Mr Nape Nnauye, the Minister for Information, said the newspaper had published a story that claimed the deputy minister for Works, Transport and Communication, Eng Edwin Ngonyani, had implicated President John Magufuli in corruption during elections. Mr Nnauye said the newspaper had tampered with a document from State Mining Corporation to justify the story and when asked to produce the original document, failed to do so. http://www.theeastafrica...340844-nvpdvy/index.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Member Joined: 9/2/2010 Posts: 845
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this guy has very thin skin. typical of megalomaniacs. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Member Joined: 1/30/2016 Posts: 332 Location: Rift Valley
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There's no need to import the mentality of a primary school headteacher.
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Rank: New-farer Joined: 10/3/2010 Posts: 35
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On a serious note,TZ seems to be on the right track as compared to Kenya.Their towns though small are better planned and clean (Arusha and Moshi) as compared to ours which are chaotic and full of heaps of garbage and no one cares about the environment.Tz Police are just as corrupt as KP but at least they do their job..and then there is the Tribal issue where they beat us 10-0. Despite the fact that Kenya is definitely a larger economy,We need to pause and learn afew things from Magufuli and TZ. Emancipate yourselves from mental slavery
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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innairobi wrote:this guy has very thin skin. typical of megalomaniacs. Still way way better than our guy here.
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