Thursday, April 9

"The DECI saga and our reaction" who is not serious!

This week was not a good one to some of us, In Tanzania there was then a new mini financial crisis at least to some of our fellow Tanzanian.

It all started with a statement that the financial company that started by capitalizing on the fact that over 80 percent of the population are in one way or another involved in agriculture which is characterised by sowing the seed and waiting for the right time to harvest. The company then came up with a phrase "sow and leap" which was well crafted that people rushed to the offices as opposed to the field to sow their cash. As we all know you cant sow sorghum and and harvest rice so people made sure that they sow money to their expectations of getting money plus as opposed to maisha plus.

The philosophy

enriching people with wealth has always been our slogan at least with the advent of multi party system and ever since the terminology has become synonymous with good politics as every politician claims to make people rich should they open a door for his entry in the political arena. And one would ask, what is wrong with making people rich anyway? as our fellow DECI company did or other politicians have been trying to. by the way DECI comes from Development Entrepreneurship Community Initiative a well chosen phrase I suppose , with clear vision and philosophy of making people rich by their own standards.
However with its good intentions, it transpired from the BIG BANK that DECI was violating the financial regulations and engaging on business it wasn't registered for, which may be true at least from one of the big guys from the BIG BANK of Tanzania, but what was surprising -was the reaction from people - the supposed beneficiaries, sympathisers and DECI management- that there were people who were not happy with their success. Blames from both side has something that remain to be desired. they went to the press to seek support from the mass. And the mass (WE) as we have always been we supported the call.
It was very surprising as even the "intellectuals at the hill" blamed that BIG BANK but did not give sound suggestions or best option to get out of the mess.
Tanzania is indeed a good country, a country with a long history of simply trusting, we don't query but support what comes up regardless. We all (at least some us) know khow the financial crisis started in West where Obam resides- we are told that there was too much trusting which in the end backfired in the US. But for DECI to operate for such a long period of time without the BIG BANK reacting timely also shows how weak we are in terms of M&E and we always remain vulnerable. It was as well very wrong for DECI to go on AIR (press) without consulting the BIG BANK it was not a good idea and it will never be; to seek support from the President simply because one is doing business in the name of supporting the president's call - poverty reduction. I want surprise to hear that they will remain defiant and continue with the business, what is wrong then with following the procedure, this is our country. seeking the president to intervene is extremely wrong, there is a question of ethical way of doing things, we need to focus on purity and keep a clean sheet as was the case with Barcelona yesterday 4-0 against Buyern otherwise we are not serious with following protocols, rules and regulations and we will not be patriotic in the process. But there then who is not serious in doing his/her job! we (the mass)?, DECI or the BIG BANK?
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words of wisdom

"Without food security there wont be time for positive innovation"

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