Use our pull-down menus to find more stories
  


OR subscribers use AllAfrica's premium search engine


Click here to read or make comments on this topic »

Tanzania: Sumaye Tells Off Investors


 

Email This Page

Print This Page

Comment on this article

View comments

Visit The Publisher's Site

The Citizen (Dar es Salaam)

30 April 2008
Posted to the web 30 April 2008

Zephania Ubwani
Arusha

Former long-serving Prime Minister Frederick Sumaye yesterday accused foreign investors of plundering the natural resources in Tanzania and elsewhere in Africa.

Mr Sumaye, who has been out of the limelight for nearly three years, since stepping down in late 2005, denounced what he termed as the "gross exploitation of the continent's huge natural resources".

The ex-PM, who was one of the top aides of former President Benjamin Mkapa - whose regime championed various controversial investment policies, especially in the mining industry and economic privatisation - was addressing a two-day China-Africa conference in Arusha.

Mr Sumaye served for the entire 10-year tenure of former President Mkapa.

Yesterday, he also warned that Tanzania as well as Africa would remain poor and underdeveloped as long as they continued to export raw materials rather than the processed goods.

Mr Sumaye told the China-Africa Business Forum that although the continent has vast resources such as oil, minerals and timber, most of them were not being tapped for the benefit of the Africans.

Said he: "African resources have been exploited not for the full benefit of African countries but for the benefit of the multi-nationals."

Mr Sumaye, who introduced himself as a retired politician, noted that not many people outside Africa believed that the continent could ever catch up with the rest of the world.

This is the first time the former PM, who was among top contenders for the ruling party's presidential nomination for the 2005 General Election, has come out so forcefully on an issue of national importance.

He has in the past publicly admitted that he was not "aware of why Tanzania is very poor until I attended a special master's degree programme at Harvard University".

In an interview with our sister newspaper, the Sunday Citizen last September, Mr Sumaye defended the third phase government of President Mkapa, saying it had enabled Tanzania to record a stable economic growth.

Yesterday at the Arusha meeting, Mr Sumaye said that even with the vast natural resources, Africa's share of world trade remained 2.5 per cent, well below that of countries such as China.

The share of the Least Developed Countries (LDCs), the majority of which are in Africa was 0.5 per cent. Tanzania belongs to that category.

Mr Sumaye urged African countries to make sure they export only processed goods instead of raw materials, which fetch low prices in the world markets.

He also advised Africa firms to emulate their counterparts in China and the entrepreneurial skills of the Chinese, who had turned their country into the fourth world's strongest economy in a few years.

The former premier, who now resides in Coast Region, said it was a shame that raw tanzanite gemstones were being exported, denying the nation billions of shillings in revenue.

For instance, due to the exportation of uncut gems, Tanzania was earning only $100 million a year, while estimates show that if cut and polished locally before entering the world market, tanzanite alone could earn about $500 million.

Only cut and polished tanzanite gemstones could fetch the country good export returns, Mr Sumaye said.

He challenged the gemstone dealers and exporters to join hands and establish their own gemstone cutting and polishing facilities.

For it to work, the ex-premier said that processing export products would create jobs for the local people and add value to the products.

Mr Sumaye attended the forum from when it started on Monday and ended yesterday afternoon.

Relevant Links

His presence attracted the attention of many people, as he has not been at many public functions since his return from post-graduate studies in the United States last year.

Many people, who knew him, were surprised to meet the former second most powerful man in the country in the corridors, rooms and halls of the executive lodge, and in most cases without an assistant.

Seated at the high table during the opening session by the Vice- President, Dr Ali Mohamed Shein, on Monday, Mr Sumaye was repeatedly introduced ahead of other dignitaries, including Cabinet ministers.

Page 1 of 212

Read comments. Write your own.
Author: anticorruption_tanzania

The former PM Mr. SUMAYE was PM under president MAKABA and HE must know and was most properly self involved in the “coal mine deal” from YONA & MAKABA. It’s not the first time that YONA has done something wrong as MININSTER FOR ENERGY & MINERALS. Mr. SUMAYE was PM and HE has always supported the investment policy; SO WHY HE COMPLAIN NOW??? IS HE COMPLAIN BECAUSE HE IS NOT ANYMORE IN THE “FEEDING” LINE???


AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

 
Share this on:
Facebook
Digg
Del.icio.us
StumbleUpon
Muti


Make allAfrica.com your home page | RSS Feed

Top | Site Guide | Who We Are | Advertising | Search | Subscribe

Questions or Comments? Contact us. Read our Privacy Statement.

HOME
allAfrica.com


Relevant Links




Plaintiffs Reject Pharmaceutical Giant's Offer
Govt Signs Road Transport Deal With World Bank
Fifa Drops Port Elizabeth as Stadium Venue
Senators Overrule Senate President
Govt Says Teacher Strike Will Be Over Soon