ECONOMICS MADE SIMPLE: Resource mobilisation for sustainable development goals

Tanzania: Economics Made Simple - Resource Mobilisation for Sustainable ...
AllAfrica.com
The year 2015 was a time during which 17 Sustainable Development Goals (SDGs) were adopted by the United Nations Summit in September 2015. These are the much-awaited post-2015 agenda after coming to end of the Millennium Development Goals ...

In times of election campaigns one wishes to see value-adding campaigns as opposed to personality-based campaigns that don’t make any sense at all. What the electorate wish, want and deserve to hear are issues that those vying for presidential, parliamentary and councillor positions would address and fix if elected.

>The month of September 2014 will go down in history as the month in which the draft proposed Constitution of the United Republic of Tanzania was released. Needless to say, the new Constitution-making process has been full of controversies as has been some of its contents.

>In last week’s article, the author outlined the need for periodic policy reviews in Tanzania with the Small and Medium Enterprises (SMEs) Development Policy, 2003 as a case study. The article described what policies are and why policy reviews are necessary.

>Greece economy has been struggling for a while. Among other things, it was at the centre stage of the 2010 eurozone sovereign debt crisis and had to be bailed out by its fellow euro zone states. In 2015 in general and the week leading to June 31 in particular Greece had to settle its colossal debts. It defaulted and once again needed to be conditionally bailed out.

The coming to office of President John Magufuli has been marked and characterised by a number of new things. These include some surprises and shockers. Indeed, surprises seem to be his way of doing things.

In the article of January 3, 2015 this author outlined some of the issues that will move and shake Tanzania’s economy this year. One of them is the general election. Now that the election is just two weeks away, it is time to elaborate the way the election can move and shake Tanzania’s economy and see how the economy will look like post October 25, 2015.

>The very educative and informative 5th World Bank (WB) Economic Update for Tanzania report was released on June 24. The 84-page report is titled ‘Who Wants a Job? The Magnetic Power of Cities’. Part One dwells on the state of the economy, including recent developments, short to medium-term prospects and the next challenge of creating jobs for faster and more equitable growth.

>The Tanzanian shilling has been declining and losing value in relation to major and vehicle global currencies such as the US dollar in the recent past. We have observed exchange rates of over $1 to Sh1,750. In not so a distant past, foreign exchange markets would sell the greenback at a price (exchange rate) of about Sh1,200 to Sh1,500 per $1 having risen from figures below Sh1,000 per greenback.