Judegment Day At The High Court London

Judegment Day At The High Court London
Mengi v Hermitage: Libel Claim Successfully Defended

Wednesday 30 December 2009

IPPMEDIA BLAMES FOREIGN INVESTORS FOR TANZANIA'S PROBLEMS

:: IPPMEDIA

Read full IPP article by clicking on the above IPPMEDIA link



IPP MEDIA (THE CEO OF WHICH IS REGINALD MENGI BROTHER TO BENJAMIN MENGI) BLAMES THE CONDUCT OF FOREIGN INVESTORS FOR THE RECENT LACK OF FOREIGN DIRECT INVESTMENT IN TANZANIA, STATING:-

'Yet in some cases it has been cases of investors underpaying and mistreating locals employed in the established firms to the point of stirring resentment against foreign investors. This may perhaps explain recent economic reports showing Tanzania lagging behind neighbouring Kenya, Democratic Republic of Congo, Zambia and also Madagascar in its ability to attract foreign investors'.

THERE IS NO MENTION IN THE ARTICLE OF THE SILVERDALE CASE, THE SUSPENSION OF AID TO TANZANIA BY THE DUTCH GOVERNMENT OR THE WORLD BANK AND DONORS CONCERNS ABOUT CORRUPTION IN THE COUNTRY!!!!!



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