It appears that the situation in Tanzania for the economy and for Kenyans living there may be even worse than I reported here in an earlier post.
Two new developments took place this morning.
Firstly a local radio station this morning urged Tanzanians to help "weed out" foreigners by naming them to authorities.
This came on the same morning that major newspapers in Dar-es-salaam quoted the Bank of Tanzania (central bank in Tanzania) saying that the Tanzanian shilling crisis was "seasonal" and the currency would soon recover. The bank urged Tanzanians not to panic.
It is most interesting how a record fall in the currency can be described as "seasonal" but even more interesting was the Central Banking authorities' prediction that the economy would record growth despite the fall of the shilling.
The free-falling Tanzanian shilling is not the only problem that the Bank of Tanzania and the government is faced with. Foreign investor confidence is at its' lowest and the country is currently going through a power rationing regime of 12 hours a day, 5 days a week. And this is at a time when the economy is yet to recover from the effects of the drought earlier in the year, in many parts of the country. Talk about extreme optimism.
================
Lover Receives Deadly Gift.
Tom Mboya Murder Solved
My sincere commendations for this superb coverage of Tanzania's woes. There were prior signs, just the way the air changes and distant thunder is heard before a storm.
ReplyDeleteThese Tz fellows are quite ridiculous. It would be satisfying to see them wade on rudderless but pragmatism dictates that we don't need another neighbour who can't flush his toilet. Imagine the stench that will filter into Kenya? We should shock them back into reality. Why not start with a partial suspension of trade? Initial casualties will be Serena etc but what to do?
I am sure Mwalimu Nyerere is turning in his grave.
Please keep on updating us on these shenanigans Chris.
Hi Kumekucha,
ReplyDeleteI thought you would credit my comment under your post last week "Kenyans Blocked From Entering Tanzania" about this radio broadcast thing, Bwana?
Anyways Just kidding. Am a blogger like you but my blog has my full names, and am too well known so I cant say it here.
Keep up the good work. Maybe one day BBC swahili will interview you on saturday morning. :)
I have this very strange feeling that we have met elsewhere other than cyberspace.
ReplyDeleteAnyway, thank you very much for taking the time to read this blog and also to write your comments. Most of all thank you (from the bottom of my heart) for appointing yourself an unpaid reporter and giving us a "real scoop" on the radio thing which as you quite rightly point out I used here without crediting you (tabia mbaya sana and I apologise).
By the way as you may know, this was not the first instance that our Bongo neighbors have issued such threats in the media.
Once again Thank you for your participation, it really means a lot to me.
I'd love to be interviewed by BBC swahili service (not to become famous, but to continue in my mission to expose the Kenyan leadership and politics for what it is - a train headed for a place called nowhere.)
Most of all it is good to know that there are other Kenyans out there who see beyond ODM Kenya... or shall I say right through it?