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FOCUS ON TANZANIA: Investing In The Future: Tanzania’s Blueprint To Become A Middle Income Nation

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Under the guidance of President John Pombe Joseph Magufuli, Tanzania is scheduled to become a middle income nation by 2025. The Development Vision 2025 is focused on creating peace and stability, freedom from corruption, investment in the education of the Tanzanian people and a competitive and sustainable economy. The key to Magufuli’s Vision is industrialisation. “There is no economy in the world that can thrive without industrialisation and we are just beginning,” states Mr Subhash Patel, Chairman of the Motisun Group. Magufuli’s Vision of an industrialised nation is well underway.

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The construction of Tanzania’s US$14.2 billion Standard Gauge Railway, stretching 2,561 kilometres connecting Dar es Salaam port to its land-locked neighbours, is an infrastructure project that will enhance trade opportunities for Tanzania. “Projects such as the SGR could help lower transport costs and improve economic activity from a reduction of production and operational costs, lower cost of consumer goods and increased transit of goods passing through Tanzania to landlocked countries,” says Faraj Abri, director of ASAS. This will increase relationships with East African countries and strengthen all economies of the region.

“As a country, our vision is clear. My administration is determined to make sure that Tanzania achieves its development aspiration of being a middle-income country by 2025 as stated in the National Development Vision. I insist to my government officials and the people that our Vision can be achieved with close collaboration of the public and private sector. As you have seen, I am pioneering the undertaking of major reforms to create more favorable investment environment to ensure that private sector drives our future growth.”

H. E. President John Pombe Joseph Magufuli

The Tanzania Port Authority is working toward this same agenda with the construction of the Dar es Salaam Maritime Gateway Project (DMGP), which “will support the financing of crucial investments in the Port with the aim of improving its effectiveness and efficiency for the benefit of the public and private stakeholders,” says Eng. Deusdedit C.V Kakoko, Director General of TPA. In conjunction with the DMGP, TICTS is working to expand the additional capacity that will be needed at Tanzania’s ports. Chief Executive Officer, Jared Zerbe, states: “The assistance and cooperation received from the government of Tanzania, TPA and our customers using the port have been the source of growth.”

In addition to opening new doors for local and international trade, Tanzania has signed a groundbreaking contract with Egypt to build a new 2,115 MW hydroelectric power station. In an effort to decrease reliance on fossil fuels, the Rufiji Hydro Plant will be the largest in East Africa and is invaluable to Tanzania’s transformation. “The national target for the energy sector is to make sure that we reach 5,000 MW by 2020 and at least 10,000 by 2025. Construction on the 2,115 MW Rufiji Hydro Power Plant Project has just begun and this will greatly help us meet our target,” says, Hon. Medard Kalemani, Tanzania’s Minister of Energy.

            Accessible and reliable energy sources will aid the Finance and ICT sectors in their dedication to the Vision 2025 to create financial inclusion and reliable communication services for the Tanzanian people. As the economy of Tanzania inevitably improves, a system must be in place for its people to benefit from it. Abdulmajid Mussa Nsekela, Managing Director of CRDB Bank states, “In line with the financial inclusion framework, we have developed a digitalisation strategy roadmap, which is aimed at ensuring all Tanzanians and residents have proximity to affordable superior financial services.” Other banking entities such as Stanbic approach inclusivity in a way that allows ease of use and convenience. Kenrick Cockerill, CEO of Stanbic Bank Tanzania says, “We have an ecosystem approach to our clients, which means we like to bank entire communities and not just individual clients, which enables us to offer more seamless transactability across all the players in the ecosystems and value chains that we are supporting.“

            Financial inclusion is made even more possible through mobile money transactions, which rely upon a stable telecom sector in order to function effectively. TCRA works to ensure access to reliable, affordable and secure communication services for Tanzanians and foreign investors alike. “Ninety-four percent of the population is now covered by mobile networks,” says Eng. Kilaba. These coverage and technological goals are shared with Tigo, the fastest growing telecom company in Tanzania. Managing Director Simon Karikari says, “We pride ourselves in being committed to Tanzania as a country. We have been here for 25 years and our determination is for long term growth and potential of this country. We continue to invest in the latest technology such as 4G+ because we believe data is the future.”

            With this level of investment in the infrastructure, communication, technology, energy, and finance sectors, the Vision 2025 is on schedule to become a reality, placing Tanzania on the map as a middle income country, and surely as the guiding light for other African nations to follow their example.

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BOSS X Meissen Capsule Collection Inspired by The Big Five

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Johannesburg, 6 December 2019. BOSS celebrated its holiday capsule with an exclusive event on the 4th of December in Johannesburg.

Two internationally recognized German brands BOSS and Meissen came together for the first time. Inspired by Meissen’s celebrated Big Five figurines, a groundbreaking new collaboration united the two brands’ shared passions for quality, design and creativity.

The Big Five collection, designed by sculptor Maximilian Hagstotz, features the African lion, leopard, elephant, rhino and buffalo, each decorated with a monochrome pattern placed to emphasize the animal’s characteristic traits.

These majestic creatures, depicted in an angular style inspired by traditional African wooden sculptures, are the starting point for a unique capsule collection of BOSS Menswear and Womenswear.  The fashion capsule collection includes both casual and formal pieces for men and women, all in a monochrome palette of black and white.

To honor this special capsule and collaboration, BOSS and a local franchise partner SURTEE Group hosted an exclusive dinner just in time for the holiday season, with a special guest in attendance – the founder of Elephants for Africa organization Dr Kate Evans.

Guests, dressed in black and white, were greeted by a life-sized white Meissen elephant statue with elegant black and white canapés and black martinis awaiting them. The sophisticated evening had everything from the food, to the décor, drinks and dress code following the monochromatic theme. The charismatic Mark Bayley and former Miss South Africa Jo-Ann Strauss kept VIP guests entertained as co-hosts.

The evening culminated with a private performance by South Africa’s much loved Mi Casa. 

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Business Veteran Scoops Top Vision 2030 Award

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Business veteran and Group CEO of ITHUBA Holdings, Charmaine Mabuza has scooped the Top Woman in Education Award at the Vision 2030 Awards recently held in Emperors Palace, Gauteng.

This award recognizes Mabuza for her contribution in the South African education sector through the Eric and Charmaine Mabuza Scholarship Foundation.

The Foundation, established in 1999 by Mpumalanga business veterans, Advocate Eric and Charmaine Mabuza initially supported young and talented matriculants in the Mpumalanga region to further their tertiary studies. Since then, the Foundation’s reach has expanded throughout South Africa, producing Doctors, Accountants, Engineers, Quantity Surveyors and many more.

Commenting on the award, Mabuza said: “This award represents many years of hard work and determination towards the advancement of equal access to quality education for all South Africans. The mission of the scholarship foundation is to eradicate poverty through education, particularly in previously marginalized communities. As corporate leaders, we know that there is still a lot to be done, but we are ready and willing to do our part. We look forward to another decade of serving the nation”.

One of the beneficiaries of the Scholarship Foundation, Dr. Kate Lusiki who now works at the Rob Ferreira Hospital expressed her gratitude: “Since I started working, I have been able to renovate my mother’s house. I am currently staying with my older sister whom I am putting through college so that she too can also have a solid educational structure. I am able to do these things for my family because the Advocate and Mrs Mabuza afforded me an opportunity to education. This Foundation to me, has been like a better life handed to me on a silver platter, and for that I am eternally grateful.”

The 2020 Scholarship programme will launch with the new intake of students on 12 January with a week-long programme at the ITHUBA offices in Sandton.

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The Re-Awakening Of Some Of The Rarest Whiskies In The World: Johnnie Walker Blue Label Ghost And Rare Glenury Royal

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The season just got a bit more sensational for whisky connoisseurs, as Johnnie Walker releases the third installment in its ‘ghost’ series, with the remarkably rare and limited edition, Johnnie Walker Blue Label Ghost and Rare Glenury Royal.

This exceptional blend with bewildering layers of depth highlights, notes of candied fruits, spices and unrivaled smokiness. At the heart is the Glenury Royal whisky – the perfect gift to that whisky collector or whisky afficionado.

Ghost and Rare remains in dwindling supply since the shutdown of its birthplace, the iconic Highland distillery, Glenury Royal in 1985. Each bottle is handcrafted in small batches by the combined expertise of a small team of passionate blenders led by master blender Jim Beveridge,the sixth in an unbroken line of master blenders stretching back almost 200 years.

Ghost and Rare is complexly layered with the sweetness of honey and elegant smoke for a long and lingering incomparable finish. With only 1,600 uniquely numbered bottles in Nigeria and only 60,000 bottles made globally, this is a whisky that few others will ever get to taste.  

As one of the most sought-after whiskies in the world, Ghost and Rare is a perfect Christmas gift to appreciate a loved one or a discerning drinker who continues to walk with you.

Enjoy Johnnie Walker responsibly. Not for persons below 18 years

Content provided by Johnnie Walker

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