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How to Spend It: Making the Most of Aid
Africa can absorb and manage increased aid flows. That was the consensus expressed at the plenary session. In his introductory remarks, Graham Mackay, Chief Executive, SABMiller, United Kingdom; Co Chair of the Africa Economic Summit 2005, made clear his view that there is no realistic alternative to continuing aid, with a doubling of flows needed over the next three to five years. This, though, he warned, runs against the present current of declining flows.

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1.2 Mission Objectives: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
The mission objectives for Tanzania were to: • review recent ILO and other relevant research on women in enterprise in Tanzania;
2.0 The economic context: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Tanzania has a population of just over 37 million, a GDP of US$22 billion, and GDP per capita of US$610.6 An estimated 51 per cent of the population lives below the poverty line. Eighty per cent of the country’s poor population live in rural areas, depending on subsistence agriculture and unable to participate in broader markets. Poor roads, exorbitantly expensive utilities and prohibitive policies have compounded this problem, significantly impeding the growth of the economy.7 Agriculture, the mainstay of the economy, is almost 50 per cent of GDP, and small-scale peasant farmers, who make up 70 per cent of the population, carry out over 80 per cent of agricultural activities. About 30 per cent of the population over 15 years of age is illiterate (UDEC, 2002).
2.1 The rise and fall and rise of private sector: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
At this point in Tanzania’s history, the culture of entrepreneurship is in need of revitalization. During the years of colonial rule in the country, the development of indigenous entrepreneurship was hampered. Tanzanians of African origin were mainly employed as laborers in cash crop farming, with limited access to business.
8.1 Recommended actions – promotion: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Launch Women entrepreneurs in Tanzania: A woman’s golden hands
9.3.3 Other micro-finance providers: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
A number of NGOs also do micro lending, some of them predominantly oriented towards women-owned MSE clients. During the Tanzania field visit, interviews were held with the Tanzania Gatsby Trust (TGT) and the Zanzibar Fund for Self Reliance, two examples of such NGOs.
11.0 Business support and information: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
The state of BDS provision in Tanzania is not well known. A 2003 SME-Mapping of Tanzania report concluded that existing BDS services are generally designed and financially supported by donors for the micro-enterprise market (and thus, are very basic), or are offered by professional consulting firms at high prices.
14.0 Women entrepreneurs’ associations and capacity-building: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
There are over 30 business associations in Tanzania, seven of which are identified as being representative of SMEs (MIT, 2002). Only four of the total are oriented towards women members.
The National Microfinance Bank of Tanzania helps Bail out the Tanzania Electric Supply Company (Tanesco) with a USD 56million Loan
The National Microfinance Bank of Tanzania has joined a syndicate of local banks and pension funds to lend USD 238million to Tanesco, the parastatal electricity company, wholly owned by the Tanzanian government, money which will be used to pay off debts to suppliers and invest in new equipment. The National Microfinance Bank was founded in 1997, and is the third most profitable bank in Tanzania, holding USD 430million in deposits and assets. The loan to Tanesco supports NMB’s business interests, as well as those of its customers, as it organises collection services for the electricity firm via its network. Currently the Tanzanian government owns 51% of the bank, having sold off the remainder of its stake in 2005. The loan syndicate involved in the bail out includes five banks and four pension funds all from Tanzania.
NAKS - Spreading Knowledge
The NAKS have started their new chain of preschools in the country and decided to take in all around the country by this month end. The first preschool named ‘I Play I Learn’ was started this April and has gained popularity in no time.
Gross National Happiness
Did you know there is a country in our world that actually measures the condition of the country on the happiness of its people

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