Dar es Salaam. Good morning! The Chanzo is here with a rundown of major news stories reported in Tanzania on Thursday, April 04, 2024.
Analysts warn: Frequent government reshuffling could undermine efficiency
It has become a laborious task for analysts to try to explain the meaning behind several of Tanzania’s government reshuffles due to the frequency of these changes.
Some of the reasons given by the President on these frequent changes include: addressing laxity within the government; axing those who were eying prematurely for the presidency; and tension between individuals in the government.
In some cases, the President insisted on the importance of confidentiality and understanding leadership boundaries. Some recent reshuffles were linked to the election preparations, but today the President said the latest changes which were announced on March 31, 2024, are just part of the normal government business.
Read the full article here
Bank of Tanzania increases interest rate from 5.5pc to 6pc. But what does it mean?
The Bank of Tanzania (BoT) has increased its central bank rate from 5.5 per cent to 6 per cent, which will apply from April to June 2024, the central bank announced on Thursday.
The decision, announced in BoT’s monetary policy statement, is the second policy statement released by BoT since it started implementing monetary policy using interest rates in January 2024.
In the statement, BoT says the decision to increase the interest rate is a cautionary measure to contain lingering inflation in the country as per the macroeconomic forecast it made in March 2024.
By raising interest rates, BoT makes it more expensive for banks to borrow money for lending. This means that less money will be available for individuals and businesses to borrow, or clients will have to borrow at a relatively higher cost from banks.
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Can we please concentrate on developing our own spirituality instead of imposing it on others?
Before I dare to write this article, maybe I need to invoke the gods. Father, forgive me, for I know not what I am doing. And brothers and sisters, mothers and daughters, but especially those who like to argue with a weapon on their hands.
As I was growing up, I was fortunate in that I had a family and others who imbued me with key principles of living. Two of them were:
So when you give to the needy, do not sound a trumpet before you, as the hypocrites do in the synagogues and on the streets, to be honoured by men. Truly I tell you, they already have their full reward. But when you give to the need, do not let your left hand know what your right hand is doing so that your giving may be in secret. If you fast, you should not let others know you are fasting. (Gospel of St Matthew).
Now, that’s not just any old principle. It’s a biblical injunction from Jesus which is why I am always amazed at how few Christians are prepared to follow it. Certainly, they have received their reward here and now. Maybe they, or we, don’t believe in the rewards after death. Why leave till tomorrow what we can enjoy today?
Read the full analysis here
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