Most respondents felt that Tanzania should join the East African common currency (if and when there is one). Up for discussion now is the question of why she should join, and how a common currency would affect the economy.
I was honored to travel with the Tanzanian Presidential Delegation to Addis Ababa for the state funeral of Prime Minister Meles Zenawi. Quotes from this piece are from a variety of people including diplomats, politicians and long-time followers of Ethiopian politics. I purposely did not include the names of those quoted in this piece, except for when I asked for permission.
“Institutions form the incentive structure of a society, and the political and economic institutions, in consequence, are the underlying determinants of economic performance.”
This post briefly summarizes a recent report published by NORAD on per diem usage and abuse in Tanzania, Malawi and Ethiopia. Much of what has been recommended in the report is not new, and the significance of public communication systems has yet to be explored fully.
I do not wish to discuss the challenges of investing in Tanzania or more politically inclined challenges. I, however, wish to discuss why investment makes sense.
Greg Smith, from South Africa is leaving Goldman Sachs, a large multinational banking and securities firm, as the firm’s executive director and head of the firm’s US equity derivatives business in Europe, the Middle East and Africa.