The economic history of the United Republic of Tanzania

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ABSA Continues Restructuring Tanzanian Bank Despite Union Opposition
By Ongeri John & Justin Arenstein, African Eye News Service, 10 May 2000. South African bank ABSA warned Tanzanian unions that it would not be pressured into canceling large-scale restructuring at its newly acquired National Bank of Commerce (NBC).
South African Businesses Accused Of ‘Colonising’ Tanzania
By Ongeri John, African Eye News Service (South Africa), 26 June 2000. Tanzania's opposition parties added their voice to growing public concern about South African companies colonising the East African country. South African investors were taking over strategic companies in the state's privatisation exercise and this would lead to a monopoly.
Tanzanian President urges increased cashewnut output
Sapa-AFP, 23 July 2000. Cashewnuts are now the country's leading foreign exchange earning crop. President Mkapa directed government authorities to give incentives to investors, particularly for cashewnut processing plants. Processed cashewnut, not raw seeds, should be exported.
World Bank Salutes Reform Efforts in Tanzania
Panafrican News Agency (Dakar), 24 February 2001. A pat on the back from the World Bank for economic performance since embarking on the road to a market economy 15 years ago. Average GDP growth is up 5 per cent and inflation reduced. The Bretton Woods institutions and western donors insist that Tanzania's economy has until the reforms, been bogged down by the 23-year socialist regime of President Julius Nyerere, during which the country experienced widespread nationalisation of private firms.
Slaving for Investors
Editorial, The East African (Nairobi), 7 May 2001. Tanzania has been able to attract many foreign investors, notably in its nascent, but lucrative mining sector. The dispute between freelance tanzanite gemstone miners and African Gem Resources (Afgem) of South Africa at the Mererani gemstone mines in Arusha.
Critics Against Foreign Miners Baseless, Says Mkapa
By Giviniwa Paul, TOMRIC News Agency (Dar es Salaam), 20 July 2001. President Mkapa has said the new ultra-modern mines coming up in Tanzania have proven that his country was on the right track and has rejected views and proposals that the country should exploit it on its own. Some think that it was better to leave gold undisturbed until Tanzania acquires the capital and technology to exploit on its own.
Dar's Own Goldenberg?
Editorial, The East African (Nairobi), 30 July 2001. As a row over mining and minerals rages in Tanzania, two schools of thought have emerged over whether the industry is beneficial to the country. There are also those who are close to the mining companies and who claim that the companies submit false reports.
Fishermen to Be Moved Out of Dar Port Area
By Mike Mande, The East African (Nairobi), 30 July 2001. To facilitate port development, Tanzania Harbours Authority has ordered 2098 small fishermen to move their vessels out of the Magogoni area. This will adversely affect the lives and incomes of the fishermen as well as the Dar es Salaam residents who depend on fish for their daily food.