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Govt under pressure as trillions in public funds go unaccounted for |
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Monday, 30 August 2010 11:56 |
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TIMES REPORTER
CONCERNS are rising over the government’s failure to curb leakages in the use of public funds, with the Controller and Auditor-General (CAG) reporting that funds not accounted for or misused could be way into trillions of shillings in recent financial years.
The CAG presents in graphic details how ministerial departments, local government agencies and public authorities spent large amounts of public money contrary to regulations. The report also documents clearly how some officials thrived on weaknesses in government structures to rake in millions in tax payers' money.
The Corruption Tracker System Online Newsletter for July 2010, says that despite CAG reports that audits for the year 2008/09 had shown relative improvement in the number of favorable opinions issued compared to the past five years. The situation was still worrisome and needed urgent government and parliamentary action, it said.
As the eating and fleecing of government coffers by some officials appears to be continuous, the public is also getting worried and just not understanding why the massive leakages cannot be blocked.
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Coastal deforestation: Village, district authorities abdicating own duties |
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Monday, 30 August 2010 11:54 |
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TIMES CORRESPONDENT
IF one thinks that Mwanza is simply what is on Tanzania’s shore of Lake Victoria he would be wrong!
The fact is that the geographic understanding seems to have been distorted as one finds duplicates of names like Mwanza, Shinyanga and Tanga in the Coast region district of Rufiji.
The names are famous and linked to influx of the people from those regions ferried to Rufiji to do one thing: Clear forests for charcoal burning.
It was at about 11.15 in the mid morning and they had just gathered to take their lunch. Suddenly, they rushed into the bush leaving the food on the table.
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Tanzania: DSE Indices improve as share prices gain |
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Friday, 20 August 2010 08:58 |
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? Foreign-investor participation on spectacular rise
MNAKU MBANI
THINGS are picking up at Tanzania's nascent stocks and shares trading centre, the Dar es Salaam Stock Exchange (DSE). Coming barely a year after the worst of the global financial crisis begun to recede, this is proving to be encouraging news indeed for the country in general – and investors and the economy in particular.
All in all, statistics recorded at the Exchange improved significantly during the Second Quarter that ended on June 30, 2010, compared with the position in the preceding January-March Quarter.
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Soccer referees should be fair |
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Monday, 30 August 2010 11:41 |
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GEORGE MBWANA
This year's season of the mainland premier league kicked-off last weekend at different venues, where soccer fans had a good chance of watching, cheering and assessing their favourite teams after preparations.
This time around each of the league entrants will be fighting hard to at least win or end in a draw so that to be in a good position of the league standings.
It is no doubt that some teams have spent huge sums of shillings for the league preparations with the main goal of clinching the title as well as safeguarding their statuses in the face of the soccer fraternity.
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Tanzania: central bank to establish extent of dollarization |
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Friday, 20 August 2010 08:56 |
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YAKOBE CHIWAMBO
THE relevant authorities in Tanzania are setting out to establish how deeply the mammon known as `dollarization` has penetrated the country's the markets – and why. The first reason that usually comes to mind is the possibility that this has become the case mainly due to the relentlessly weakening Tanzania currency the shilling, against the US dollar and other hard currencies.
Speaking at a breakfast meeting staged in the nations commercial capital Dar es Salaam last Friday, the Governor of the central Bank of Tanzania, Professor Benno Ndulu, said a team of experts was already in the field to establish the intensity of dollarization.
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