Economic growth unrealistic CEOs.

By: Unknown on 12:51 AM

International Union for Conservation of Nature (IUCN)

Members of CEO Roundtable (CEOrt) of Tanzania have warned the government over its raised optimism on economic growth saying, the figures revealing the growth do not portray the reality in a country infamous for rampant corruption, a direct reflection of poor governance. 

 

Though the government has been releasing economic growth rate figures with a fluctuating range of  between 6.5 percent and 7.3 percent in a 12-year period from 2002,  skeptic economic experts have been questioning the revelations wondering why the public never felt the impact of the trumpeted success. 

 

In their meeting in Dar es Salaam to discuss “Africa is not rising, Africans are not changing”  motion on Tuesday the CEO’s echoed the economists saying, Tanzania’s economic growth is hampered by poor leadership, corruption, sabotage, poor education, unreliable energy services, inefficient transport and logistics to encourage trade. 

 

They were probing into whether the African continent was rising and making progresses in terms of social and economic development.

 

They also attributed the economic stagnation to lack of commitment and inefficiency by top leadership in the government, saying they are neither creative nor innovative enough in masterminding breakthroughs in their policy making. 

 

CEO Chairman Ali Mufuruki who is also founder of Infotech Investment Group on Tanzania accused the policy makers for turning a blind eye to agricultural sector, saying the government has ignored introduction of modern technology into the country’s main occupation,  but instead it has cast most precious resources at the hands of corrupt senior officials. 

 

“The sabotage of African economies by Africans is on the rise, be it through direct theft, corruption or endless wars,” he said adding that the capacity to destroy treasures and manpower is growing faster than the capacity to build them. 

 

According to him, citizens of most African countries including Tanzania are faced with a myriad of social and economic problems due to a number of reasons, the basic one is incompetence caused by poor leadership typical of corruption.

 

He challenged private sector into controlling unemployment rate and the government into empowering the sector to ward off unemployment.  

 

Representative of the International Union for Conservation of Nature (IUCN)  Abdalah Said Shah said Tanzania will never progress in a situation where its executives are systematically wrecking the economy through corruption, theft and other forms of sabotage.

 

Founded in 2000, the CEOst is a policy dialogue forum with the main objective of creating a platform through which captains of industry can constructively engage the government with the vision of creating a more conducive environment for businesses to prosper and contribute to Tanzania’s economic growth.

 

The forum brings together over 100 organizations doing business in Tanzania which lead account for more than 40 percent of the tax revenue collected by the government.