Pension Funds and the Stock Market
(By US Blogger)
This brief article is in response to Hon. Zito Kabwe and John Mashaka on the idea of social security funds investing in corporate equities.
Hon. Kabwe was recently named the most influential and popular MP by a research group, a finding that did not come to me by surprise. He is the Chairman of the Parliamentary Economic Committee. His position on the subject is to encourage pension funds to invest in corporations particularly the energy and mineral sectors.
John Mashaka is certainly among the most popular contributing bloggers and commentaries on economic issues. A polarizing master of articulate expressions with an exceptional calm, a visionary, patriot, and an ardent blogger. John has written to basically express his opposition to the idea.
Pension Funds in general must achieve 2 main goals-growth and capital conservation. Growth must come not only through recruitment of more members but it must earned by internal growth-profitability. Without getting to the complex technicalities of what is growth, it must be said for the sake of this discussion that growth is basically an increase in the net worth of the fund, in other words the difference between assets and liabilities whereby the assets are conservatively valued and the liabilities factor in the actuarial calculated obligation of the fund to members over a span of several years down the road.
There are several benefits to accomplish if our pension funds are invested in corporate equities. The DSE needs strong institutional investors to boost the volume of trade. It is a feasible way for ordinary citizens to buy ownership into major corporations. Even though the risks are higher but the awards are equally compensating. It was recently revealed by the CAG that Kiwira borrowed millions of pension funds dollars without collateral and there was a subsequent default, a probable solution now is to convert the loan into equity, such weak lending practices could simply be avoided by buying permanent stake. Energy and mineral ventures have proved to yield decent long term returns if the entities are well managed. One of the biggest challenges facing these industries is under capitalization and that is the reason Tanesco had to borrow hundreds of millions of dollars recently, such a need could be addressed by allowing major investors like pension funds to buy a stake in these corporations.
John Mashaka’s main argument against this idea is volatility and risk. Any investment comes with inherent risk otherwise what would be the justification for rewards that come with it? While Mashaka’s concern is certainly valid, there appears to be the need to have flexibility of thought.
My suggestion would be to take advantage of this potential opportunity using a conservative approach where a pre-defined limit is set on the portfolio’s risk exposure so that a doable balance is set between growth and conservation. Two main reasons lead to the collapse of the stock market in the US, greed and laxity on the part of regulators, we need to learn from the experiences of others and move on.
(By US Blogger)
This brief article is in response to Hon. Zito Kabwe and John Mashaka on the idea of social security funds investing in corporate equities.
Hon. Kabwe was recently named the most influential and popular MP by a research group, a finding that did not come to me by surprise. He is the Chairman of the Parliamentary Economic Committee. His position on the subject is to encourage pension funds to invest in corporations particularly the energy and mineral sectors.
John Mashaka is certainly among the most popular contributing bloggers and commentaries on economic issues. A polarizing master of articulate expressions with an exceptional calm, a visionary, patriot, and an ardent blogger. John has written to basically express his opposition to the idea.
Pension Funds in general must achieve 2 main goals-growth and capital conservation. Growth must come not only through recruitment of more members but it must earned by internal growth-profitability. Without getting to the complex technicalities of what is growth, it must be said for the sake of this discussion that growth is basically an increase in the net worth of the fund, in other words the difference between assets and liabilities whereby the assets are conservatively valued and the liabilities factor in the actuarial calculated obligation of the fund to members over a span of several years down the road.
There are several benefits to accomplish if our pension funds are invested in corporate equities. The DSE needs strong institutional investors to boost the volume of trade. It is a feasible way for ordinary citizens to buy ownership into major corporations. Even though the risks are higher but the awards are equally compensating. It was recently revealed by the CAG that Kiwira borrowed millions of pension funds dollars without collateral and there was a subsequent default, a probable solution now is to convert the loan into equity, such weak lending practices could simply be avoided by buying permanent stake. Energy and mineral ventures have proved to yield decent long term returns if the entities are well managed. One of the biggest challenges facing these industries is under capitalization and that is the reason Tanesco had to borrow hundreds of millions of dollars recently, such a need could be addressed by allowing major investors like pension funds to buy a stake in these corporations.
John Mashaka’s main argument against this idea is volatility and risk. Any investment comes with inherent risk otherwise what would be the justification for rewards that come with it? While Mashaka’s concern is certainly valid, there appears to be the need to have flexibility of thought.
My suggestion would be to take advantage of this potential opportunity using a conservative approach where a pre-defined limit is set on the portfolio’s risk exposure so that a doable balance is set between growth and conservation. Two main reasons lead to the collapse of the stock market in the US, greed and laxity on the part of regulators, we need to learn from the experiences of others and move on.
We can also be creative by member involvement, give members the option to work with investment advisors to make investment decisions on their pensions. Generally when employees are young they tend to be more willing to take calculated risks and as they approach retirement emphasis is placed on stability, a mix of conventional investments like real estate plus stock exchange offers such an option. It is through such participation that our funds will be more transparent and accountability will be enhanced.
If an investment vehicle has its problems we should focus of on ways to enhance effectiveness and efficiency and not simply campaign against it.
Asanteni
(US Blogger)
USblogger11@gmail.com
If an investment vehicle has its problems we should focus of on ways to enhance effectiveness and efficiency and not simply campaign against it.
Asanteni
(US Blogger)
USblogger11@gmail.com
Safi Mbunge mtarajiwa wa Jimbo linaloongoza kwa viwanda Tanzania.
ReplyDeleteItapendeza Mashaka akijibu haya mapigo.
sasa kwa nini hamurudi kama Dr. Shayo?
ReplyDeleteus bloga, kwanza kiingereza haujui kujilinganisha na nabii yohana mashaka. badala ya kusema comentator, wewe unasema comentaries. Kuna mdau alisema kwamba una mimba ya mashaka, kweli you seem to be obsessed with john mashaka. Aisee yule yuko mbali sana, just leave our futre PRESIDENT ALONE. kama wewe una akili unavyodai kutoka OXFORD, why cant you be creative enough to make your own articles instead of dwelling on Mashaka????? wafuasi wa mashaka, hatuwezi kukubali kabisa
ReplyDeleteI did say from the beggining that Tanzanians are very funny people. They are Unique creatures, with brains of their own. Lazy, damn and irresponsible people. They are good at stealing cars, drug dealing, and forging making worthless checks
ReplyDeleteI lived with them in the UK, for more than 8 years during my studies. They are so lazy, they love good life, yet dont want to work. They talk too much and do too little. They never stop going for Midiocre jobs, office messenger, janitors, and support staff. Kenyans will always lead them, and that is the main reason they are scared of the EA community
My Comrade US Blogger is a typical example of the Tanzanians, and that is why I tell them the truth that their so called Genius John Mashaka is not a Tanzanian, he is a Kenyan, A luo from the Robert Ouko, Tom Mboya and Barack Obama's lineage. All Luo's and Kuryas in TZ are Kenyans who will be returning home sometimes soon
Nyerere was a Tutsi,and that is why he was so brilliant. John Mashaka is a Kenyan-Luo, that is why he is brilliant. Tanzanians have no brain power to match Kenya's and can agree that this Blogger is a Tanzania because he is no match to our Kenyan comrade
Just like Tanzanians are bennefiting from our Mt. Kilimanjaro and Sererengeti, the same way, they are beneffiting from our brain power. Tanzanians must thank kenyas for raising their status across the globe
Mjomba- Paulo Kamau
Nakuru Kenya
MR. BLOGGER, SO WHAT IS THE POINT??? BWANA HAUNA JIPYA UMEFILISIKA KIMAWAZO, KALALE AU RUDI UKABEBE BOXI. NABII HANA MSHINDANI HUMU
ReplyDeleteUS BLOGGER. ALLOW ME TO DESCRIBE YOU AS
ReplyDelete1. EGOCENTRIC, PATHETIC, ATTENTION SEEKING, LONELY MANIACH. YOU ARE A FUNNY, AND DERANGED MAN WHO MUST REMAIN IN HIS HIDING. I HAVE READ YOUR ARTICLE AND SEEN NOTHING CALLED POINT. I HAVE ALSO REALIZED IN YOUR PREVIOUS ARTICLE THAT YOU STARTED COMMENTING ON YOUR OWN IN THE ARTICLE LIKE A LITTLE KID.
2. MAY I ASK YOU THE MEANING OF CORPORATE EQUITIES, BECAUSE YOU HAVE CONFUSED AND COMPLETELY THREW ME OUT OF THE TOPIC.
3.IN YOUR SO MANY WORDS, I HAVE NOT SEEN ANYTHING WORTHY OF MY RESPONSE, I AM THEREFORE LEAVING YOU TO RESPOND TO YOUR OWN ARTICLES
4. MASHAKA, IF YOU ARE READING THESE COMMENTS, I CAUTION YOU NOT TO RESPOND TO THIS DERANGED MAN. YOU ARE TOO ADVANCED FOR THESE KINDS OF BATTLES.
5. I WOULD ADVISE YOU NOT TO WRITE IN THIS BLOG AGAIN, BECAUSE YOUR CONTRIBUTIONS SEEMS TO BE ENTARTAING RATHER THAN EDUCATING THE PUBLIC
6. US BLOGGER, I ADVISE TO GO BACK TO ECONOMIC SCHOOL AND LEARN HOW TO USE WORDS, BE IT OXFORD OR MUZUMBE,
7. FAME DOES NOT COME THIS SIMPLE, YOU CANNOT USE SOMEONE TO GET TO GLORY, USE YOUR OWN NAME TO BE FAMOUS, LEAVE MASHAKA IN PEACE, AS HIS TIME IS SOMING IN WHICH WE ARE GOING TO CUT HIM INTO PIECES. WE HAVENT GOTTEN THE CHANCE YET
us buloga, nakupenda, nakupenda,nakupenda mno,, baby,
ReplyDeletemashaka simpendi simpendi, simpendi
ananiboa sana,,,, sana tu
buloga can you marry me my darling???? nabii yohana simpendi kweli, yaani ananiboa sana, twende tukaoane level-8 au dubei
Yellowbone baby (h-towni)
US-Blogger)
ReplyDeleteThose who studied econmics from OXFORD are known. This is the example of an educated man, he can articukate his ideas better than Nabii Yohhana
Nabii is misleading the counry, he is pusing Tanzania to a wrong corner. He needs to go to OXFORD and learn English so he can be like the famous US-Blogger
US Blogger, has turned the Zimbabwe economy into a powerhouse from the brink of collapse. US blogger is the man. and ready to hel Tanzania should the President be ready to borrow his expertise
President Kikwete must be afraid of St. John Mashaka because these intelligent people can only remain to teach at universities and do research, they cant lead countries.
I am willing to pay Saint john Mashaka 10 million USD so he can come and work for me, and possibly debate this genius from OXFORD. Mashaka stop hiding, come on and face this real and total man
I will transport you, and your XX from Houston and, and put you in a first class hotel in DAR, my heard earned money will pull you out of poverty because you are poor. Let me know when yu are ready
Dr. US Blogger
Alumni Oxford University
Economics Department
US GOOGLE, tatizo lako ni kwamba unakurupuka sana. mashaka hajakaataa insitutional investoers, amesema, ni wazo zuri ila, mfuko wa pensheni tu, ndo usiwekwe. au michuzi tufungulie mjadala tena kwa maana huyu jamaa na mibangi zake anatuchanganya sana yaani kazi ni kukurupuka tu, na anachokisema hakieleweki, yaani amechanganya vitu kweli
ReplyDeletemichuzi nas john mashaka, ingieni ubia ili mashaka afanye katangazo ya beer. nadhani jamaa atauza sana, wafuasi wamekuwa wengi, kila mtu mashaka masjaka, masiaka
ReplyDeleteNo pain no gain. No risk no return sums it all. Investment Risk is being shifted from one party to another. Risk can not be destroyed. Investment return comes from skilled labor and investors and investment managers are responsible for selecting investments styles and vehicles. Volatility is part of the game and risk is part of the game. It won't make sense if there is no risk or volatility of returns. Those who understand the process can gain and those who don't understand the investment process by using those investment vehicles will go under.
ReplyDeleteThere is no investment without risk. Any asset or liability has risk. Any investment has some level of risk and life itself is full of risk and returns.
There point is to find your best opportunity and try to manage the process of creating higher returns for investors while managing the risk. Let the markets and investors decide what is best for them. Create the market that works and enforce the laws. Financial markets are not efficient. The inefficiency of the markets is what makes them more attractive. Certain investment vehicles are not for everyone and there is no investment advisor or manager that can be right all the time. In conclusion, mind your own business. Who the cap fit let them wear it. Let us stop fabricating propaganda. No one knows about the future, all kinds of investments are risky and volatility is going to be there as long as the humans and computer models are going to be invloved.
Mimi sidhani kama kuna growth ya maana sana kwenye pension funds zetu; sana sana conservation labda. Kwa maana hiyo, uwezo wa kuinvest kwenye miradi mikubwa ya energy au mining (inatohitaji startup/working capital kubwa)sidhani kama upo. Ni kweli hawa jamaa wa funds zetu wanahitaji kuwa creative na kutafuta maeneo mengine ya kuinvest (wameshupalia real estate na trearusy bills na IPOs). I am sure kuna biashara ambazo zinaweza zika-conserve na kukuza mitaji yao. Kwa hiyo basi, mpaka uwezo wao wa kukua kimtaji utakapoongezeka, sidhani kama uwezo wa kwenda kwenye hizo investments utakuwepo.
ReplyDeleteAll investors are not rational people and you can exploit the errors of other people. Conservatism bias can cause illussion of validity and regrets in the investment arena.
ReplyDeleteMzee umechemka ya kufa!!!! Hujui nini unaandika! Hujui nini unaongea!! You really don't know!! Sikujua Kama michuzi blog ni sehemu ya mtu yeyote kuweka uchemfu wake!!!! Dah kaka us blogger umesoma kweli wewe!!!
ReplyDeleteTHE REAL ECONOMY.....!
ReplyDeleteWHY I LEARNT THE PEOPLE OF THAT BLOG OF MISUZI ARE CORRESPONDENT CUMBERSOME IDEAS OF THIS SITUATION OF FUNDS OF PENSION I ARGUE EVERY ONE TO DISAGREE WITH ME THE IDEA OF PENSION ON THE FUNDS AND MINERALS IN THE OTHER HANDS ARE VERY GOOD IDEA THAT ZITTO KABWE WAS INTRODUCED TO BARRACK GOLD MINE INVESTIMENTS VERY GOOD INDEED WHY ECONOMICALLY WE ARE DOING ACTULLY FINE NO STANDARDIZATION OF ECONOMIC SURPLUS AND ALSO ALL GOODS ARE SOLD IN THE MARKET HOWEVER EQUILIBIUM POTENTIAL SURPRICE IS NOT EQUITY TO MOST INVESTERS IT BECOME VERY CONSEVERTIVE TO AVOID CURVE SLOPE GOES DOWN WHEN TWO DEMAND AND SUPPLY MEET IN THE MARKET. DOWN THE ROAD I AGREE MR. JOHN MASHAKA JUST LIKE ANY INDIVIDUAL IS A PEOPLE LIKE ME AND YOU HOWEVER ZITTO KABWE IS VERY CAREFULLY ECONOMICALLY WELL BEING AND SOMEHOW WE LIBERAL CAN NOT SAY HOW THE FUTER MARKET WILL AFFECT THE WHOLE THEORY OF QUANTITIVE SUPPLY IN THE MARKET SO INVESTING WILL CONTINUE TO INCREASE THE BUDGET AND SUPPLUS IN THE OTHER HANDS OF CONSUMER AND US BLOGGER HAVE APPROVE THIS MOVE AS POTENTIAL SUSPECT FOR NEW INVESTERS. THANK YOU AND BY THE WAY GUYS UCHUMI NA MAHESABU MIMI UMELALA HATA NIKIAMUSHWA USINGIZINI I DROP LINES LIKE CRAZY.
This is a transition period for US blogger, Keep your cool, and start contributing more often, again without insulting anyone!.
ReplyDeleteI will give you one on this one, but cut those rhethoric and just make it simpl for us.
You are smart, articulate but you luck confidence and SIMPLICITY.
Looking at your articulate, which is well written but with EGOCENTRIC, cut that out, you WILL BE REMARKBLY TAKEN SERIOUSLY and POTENTIALLY AN ASSET TO THIS COUNTRY.. I must say!
anyway good work! I appreciate it!
On the other hand, Mashaka is a good comrade and a very good bloger and commentator, but he needs to learn probably more to you than, think. but your inferiority and egocentric get your way.
Thanks
Damn!Thats some nice critics from the so called US blogger. Guys don't hate! I know not everybody can make sense out of The blogger's respose.
ReplyDeleteWhat I can conclude is the fact that US BLOGGER is analysing things from the "RISK AND INVESTMENT" point of view which is in line with the subject but The so called Mashaka is so much based on his shallow economic point of veiw. Therefore the Bloggar is byfar better than Mashaka on this particular issue.
Just to add on the topic I bet a CONTIGENT approach would be so much useful on the pension fund if at all we intend to make any investments out of it.
Asanteni
Muhaya original.
anonymous unayesema US Buloga is not worthy kujibiwa kwa nini umejibu na tena umeweka vipointi vyako uchwara?
ReplyDeleteCorporate equity inakusumbua? Pole.
Siamini kama US Bloga anataka umaarufu kama jinsi mashaka anavyolazimisha umaarufu.Bloga angetaka umaarufu angekuwa anatumia jina lake.
ReplyDeleteHuyu Bloga inaonesha hobby kutokana na jina lake na postings zake ni ku blog na hicho ndio kinachomleta hapa and he is good at dismantling ideas zilizo dhaifu.
Waliomponda hapa wote wanamzungumzia bloga badala ya ideas zake na wengine waliofilisika wanakosoa hata spelling kama vile Mashaka spelling zake ni 100%.
Kama kuna msomi hapa anayeweza ku challenge huyu so called Oxford alumni basi achambue hoja kwa hoja na ajibu.
Bloga anatumia lugha nyepesi kama walivyo true intellectuals.
Mashaka huw analazimisha maneno ya ajabu ajabi ili kuficha udhaifu wa hoja na anatambua waswahili wana tabia ya kupigia makofi wasichokielewa.
Harvard Alumni
I dont really know what made me read Paulo Kamau's comment on the issue in hand. But anyway, to fellow Tanzanians, try go thro such comment from a Kenyan! Being among Tanzanians i found some sense in hz comment.KAMAU, U r right in some lines like "talking alot and doing a little" what do u other guys say?? Is it true that we're fearing them(kenyans)?
ReplyDeleteThe only pension fund worth talking about in Tanzania is NSSF under the leadership of Dr Dau.
ReplyDeleteHizo zingine naona ni wasindikizaji tuuu
-LANCASTER AGREEMENT
Paulo Kamau,you are so fake (though there is a little truth about some Tanzanians talking too much with little working). you said you lived with them for 8 years, that was back then when some communist ideologies had not all gone, but not now. And also I doubt with what kind of school you studied that you don't know event the boundaries of you country having saying that mount kilimanjaro is in Kenya.
ReplyDeleteAnd you don't know anything about Tanzania for you to say that Nyerere was a Tutsi, so shut your big mouth, and instead you should be worried with mungiki.
Wewe kamau shughulikia kwanza hiyo NOTORIOUS AND BIGGEST SLUM in africa MATHARE halafu ndo uje humu kukosoa wa TZ, by the way vipi mambo ya TRIBALISM na MACHOKORAA umeshayashughulikia? Nchi gani hiyo ardhi yote nzuri inamilikiwa na matajiri. pa.....fu mkubwa leave us alone
ReplyDeletePENSHENI NI PESA ZA WATU WAMEKATWA NA KUWEKA HUKO ILI ZIJE ZIWASAIDIE UZEENI, KUWEKEZA NI SAWA ILI KUZIPATIA FAIDA ILI KUWEZA KUHIMILI GHARAMAZA UENDESHAJI WA SHIRIKA NA MAENDELEO YAKE LAKINI PIA NI HATARI KAMA KATIKA UWEKEZAJI HUO AKILI HAITATUMIKA, INAWEZA IKAFIKIA MAHALAAMBAPO WATASHINDWA KUWALIPA WATU MAFAO YAO YA UZEENI NA HATA MISHAHARA YA WATENDEJI KAMA AKILI HAITATUMIKA KATIKA KUFANYA MAAMUZI YA UWEKEZAJI HASA UKILINGANISHA NA HALI HALISI YA UCHUMI WETU, KAMA HATA HUKU MAREKANI MIFUKO KAMA HII IMEANGUKA NA WATU KUPOTEZA MAMILINI YA DOLLAR WALIZOWEKEZA KATIKA MIFUKO HIYO KUTOKANA NA KUTOTUMIA AKILI KATIKA KUFANYA MAAMUZI YA UWEKEZAJI AU UJANJA WA WACHACHE WA KUTAKA KUJIPATIA MAPESA YA HARAKA. SO WE HAVE TO BE VERY CAREFULLY IN DOING THINGS AS FAR AS PENSION FUNDS ARE CONCERNED AS THERE ARE SO MANY RISKS IN DOING SO
ReplyDeleteI agree that the key questions remain to be:
ReplyDeleteAre fund assets in the public pension funds exposed to extraordinary or undue risk because governing fiduciaries may be inexperienced or unqualified? In general the answer could categorically NO (maybe a qualified possibly)! This is precisely because the fiduciaries are ‘generally’ protected via two lines of defense, viz:
a) Diversification of investments across and within asset classes. Diversification remains the cornerstone of modern investment practice and provides significant protection from poor governance by reducing fiduciary exposure to any one investment decision.
b) Integrity, professionalism and experience of the various players including Management, Auditors, Custodians, Actuaries, Consultants etc, the majority of whom work in best interest of members and beneficiaries.
Indeed if any of these lines of defense is breached, the pension fund would be exposed to undue potential loss of capital.
Accountability is a vital ingredient for public funds. It must not only exist but must be seen by the public to exist! Public awareness and involvement provide probably the strongest discipline for such funds. This may require appropriate legislative action with regard to accountability and transparency. With good legislation in place, what is needed is to make accountability and transparency achieve the set objectives.
It is also important to examine areas of pension plan governance where the impact on investment strategies is potentially greatest. No wonder, and for obvious reasons that investment practices of public pension plans have come under scrutiny. One is that governmental entities have sometimes failed to hold pension managers to prudent person fiduciary standards, instead imposing caps or upper limits on the types of assets held in public plan portfolios.
Alternative mechanisms to control pension investment risk would include the prudent man rule under which pension plan fiduciaries can be held personally liable if the plan is not managed for the sole benefit of the plan participants as recommended by seasoned pension experts around the world.
The Government is currently revisiting the requirements and regulations governing pension funds’ administration (with the establishment of the Social Security Regulatory Authority - SSRA). The expectation is that the requirements will become more prescriptive and demanding to limit exposure while increasing regulation of treasury and pension funds’ operation. The intention is to reduce the risks faced by pension funds for the benefit of fund members.
BTW - The above is part of what was presented by a U.S. based Tanzanian expert (not the U.S. blogger) and featured as front page headline in the Citizen, November, 2007.
Paulo Kamau I think you are suffering from rheumatoid arthritis symptoms with an exciting biologic therapy,can you stop being stupid and arrogant to Tanzanians. what makes you feel that you are better than Tanzanians? Can you look back and see how poverty kenyans are in their own country. Look at that slums living condition somewhere near Nairobi. Look how kenyans are still cars in London and drug dealers in Japan. You dont see all these mess done by Kenyans and keep talking about Tanzanians. How many Kenyans abroad are doing white color jobs? Are all kenyans are Directors and Managers abroad. We live with kenyans we know them, look at the rate of dicrimination among kenyans they don't speak to each other simply because you are a kikuyu and am a Luo. Idon't understand when you keep saying Tanzanians are funny people! what significant archievements have been made by kenyans to make you proud of yourself to that extend? 90% of kenyans are very poor far below the poverty line. If you are better than us why are crying to pull us in that East African community? Tanzania can be there without that community.
ReplyDeleteWhat I can tell you Kamau is to stay away from us, we hate kenyans and we will hate you forever.Nyang'au we.
Ndugu wasomaji wa blog ya jamii.
ReplyDeletesina wasi wasi na Mashaka, na US blogger na wengineo ambao wamekuwa wakitumia muda wao kucharuka kumshambulia huyu na yule katika hii blog ya jamii.
Cha msingi, wenye nia na mwelekeo wa kuisaidia nchi ya Tanzania rudini nyumbani kama alivyofanya Dr Hildebrand Shayo ambaye aliahidi alivyoongea na blog hii na ametekeleza.
Tunahitaji mchango wenu na njia pekee ni kuja kuungana na wale ambao wako ndani ya serikali, vyama, na taasisi nyingine kutoa mawazo ya kuendeleza taifa letu la Tanzania.
Hongera Dr shayo kurudi nyumbani
Tanzania. Na mcnago wako umeanza kuonekana kule Mwanza, Arusha, Zanzibar na Kule Rwanda.
Na bila shaka mpka Rwanda wakamkubali huyu jamaa anakubalika
Nawasilisha
Hii ni kweli, tunahitaji vitendo na siyo maneno. huyu kaandika hiki, yule kaandika kile, Muungeni mkono dr shayo ambaye kwa sasa anatumiwa kwa manufaa ya Taifa la tanzania.
ReplyDeletewho is next kumuunga mkono?
Mashaka?
Us blogger?
Saria wa Tanzania sport?
David Luhanga?
etc?