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
- 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
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
- 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
- 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
- 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
- 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
- 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