Tiedf report

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[2017]
FIRST ECONOMISTS CONFERENCE ON
TANZANIA AND THE GLOBAL ECONOMY -
REPORT
© Tanzania Institutional Economic Development Foundation (TIEDF) 2017

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Contents
ABREVIATIONS ..............................................................................................................................................2
Executive Summary.......................................................................................................................................3
Proposal for implementation of the Anti Poverty Initiative/Strategy. .....................................................4
INTRODUCTION AND BACKGROUND............................................................................................................5
Introduction and Background.................................................................... Error! Bookmark not defined.
Stakeholders:.......................................................................................... Error! Bookmark not defined.
Opening speech ............................................................................................................................................6
Presentations................................................................................................................................................8
Caucus Discussion.......................................................................................................................................12
Conclusion and closing remarks..................................................................................................................14
ABOUT THE FOUNDER ................................................................................................................................18
ABREVIATIONS
ABD- African Development Bank
BOT-Bank of Tanzania
C.E.O- Chief Executive Officer
CRDB- Cooperative and Rural Development Bank
FDI- Foreign Direct Investment
GDP- Growth Domestic Product
ICT-Information Communication Technology
IMF-International Monetary Fund
MRSD- Ministry of Resources and Sustainable Development
NGOs-Non Governmental Organizations
NMB- National Microfinance Bank
SAEBs-School of Agricultural Economics and Business Studies

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SUA-Sokoine University of Agriculture
TADB-Tanzania Agricultural Development Bank
TIEDF-Tanzania Institutional Economic Development Foundation
UN- United Nations
UNC-United Nation Chapters
UNDP-United Nations Development Program
WB-World Bank
WTO- World Trade Organization
YUNA-Youth of United Nation Association of Tanzania
EXECUTIVE SUMMARY
First Economists Conference on Tanzania and the Global Economy brought people together to
share, learn and discuss various issues related to Tanzania and the Global economy,
opportunities and ideas, ultimately resolutions for that matter as what out to be done, advices to
the governments, policy makers and the general public.
The conference was held for one day in Morogoro, Tanzania whereby economists and other
experts from different places participated. Some colleagues participated visually and others were
following topics via TIEDF face-book page and online.
Core partners who were invited include Bank of Tanzania (BOT), Economic Policy Centre
(EPC), AIM Global, YUNA-Tanzania, UN, experts from school of Agricultural Economics and
Business Studies (SAEBs) and CRDB Bank (Morogoro Branch). Also it is our plan to share the
report and coming initiatives with TIB Development Bank Limited, WB, IMF, ADB, TADB,
NMB, YUNA, UNDP, FAO, Government, Economists, and other NGOs at national and
international levels. Though, some partners were not able to attend the conference this report will
be helpful and of great importance as soon as will be shared thus realizing the positive changes
in the global. The impacts of the conferences regarding economic revolution are real. In this
view, agricultural revolution and transformation, anti-poverty initiative programs and different

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vibrant projects, programs and initiatives are inevitable in Tanzania Institutional Economic
Development Foundation (TIEDF).
The major question was why are we poor?
More often, participants were very active to see positive changes in their communities. Youth
showed that they are ready and willing to take a lead role in facilitating industrial economy in
Tanzania through innovative economic ideas.
Proposal for implementation of the Anti Poverty Initiative/Strategy
 Immediate action(s) to implement the initiative starting with our group members to
demonstrate we practice what we preach to be true/viable and doable!
 The concept: - Group members to support each other, especially the less privileged
members or members in need, morally and materially for high potential projects they
own.
 Projects will as a precondition be viable and doable startup or otherwise but with high
potential to transform and impact lives of members and immediate surrounding
communities.
 Group members will fundraise directly or indirectly to individual member’s demand
driven priority needs for an earmarked project, an Executive Summary of which members
can access. Optional members can assist the needy member through providing any
possible financial linkage available – locally or international.
 Amounts individual members inject directly to needy members account can be treated as
Private Equity Finance or as a soft loan repayable within a reasonable period of time for
which desired objectives are realized i.e. within 6 – 12 months. Repayable amount will
include a reasonable share of profit generated.
 Request for funds /grants from financial institutions, governments and other partners to
help TIEDF meet its objectives.

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INTRODUCTION AND BACKGROUND
The “1st
Economists Conference on Tanzania and the Global Economy” brought economists,
university colleagues and other academicians together to share, to learn and discuss issues on
pertaining to Tanzania and the Global Economy. The Conference was conducted at Unit one
(SLT 1) Mazimbu campus, Sokoine University of Agriculture on 27th
May, 2017. Several
arguments were made on the issue of poverty and income inequality in Tanzania. These
workshops aimed at building capacities of Tanzanian young economist to argue and act
economically toward Tanzania economic progress in industrialization process.
In fact, caucus discussions were conducted very well and were so hot, ultimately resolutions
were written on what out to be done in Tanzania to achieve goal of middle income and
industrialization. Tanzania Institutional economic development foundation (TIEDF) envisions at
build on the economic achievements and further promotes institutional and revolutionary
approaches, making the future that will transform Tanzania into a developed country, sustaining
growth and optimizing the quality of life of all citizens. Realizing the global competition in
economic aspects it is vital nations to have good economic institutions and foundations which
will help to reduce transaction costs and link the global and local partners in the business for that
matter. Regional and international integrations and organizations like EAC and WTO are real. A
country should have good policies, good institutions and good coordination and arrangements
which will reduce problems of exchange, challenges in natural resource management and
sustainable loans development schemes which will boost the welfare of all citizens.
“New institutional economists are the blue-collar guys with a hearty appetite for
reality.” Oliver Williamson, 2000a
Tanzania Institutional Economic Development Foundation is a group of economists,
investors, entrepreneurs, business people and other people who share ideas, views, and work as a
team to build on and shape the economic models and revolutionary approaches for sustainable

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economic development in Tanzania in collaboration with development partners, governments
and profound stakeholders. The foundation envisions at bringing economic revolution in
Tanzania through vibrant initiative and programs which will alleviate poverty. Capacity building
to business people, farmers, entrepreneurs, and investors, emphasizing on smart business, value
addition in goods and services produced locally, market coordination and arrangements to reduce
problems of exchange and enable sellers and buyers get what they need.
Opening speech The conference was unveiled by the Founder and C.E.O of Tanzania Institutional
Economic Development Foundation who appreciated the spirit shown by all the participants and
the invited speakers to arrive in time and so prepared. He clarified the theme of the conference
that intend to accumulate the economists and other views on the policy of ”industrialization” and
the way forward to reduce poverty, income inequality and unemployment knowing the fact that
there is youth bulge in Africa and high unemployment level. He called upon the youth to speak
out their views and be open to sharing their experience with others.
Mrutu Philip (C.E.O) making his opening speech
The executive Director and C.E.O highlighted that the conference intends to introduce the core
functions of Tanzania Institution Economic Development Foundation and to discuss various

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issues pertaining economic progress, income inequality and poverty in Tanzania and way
towards industrialization.
He insisted that the resolutions obtained will be shared amongst different stakeholders so as to
support youth led initiatives and include youth voice in their projects and programs towards
industrialization.

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Group photo of some of the participants
PRESENTATIONS
The C.E.O Mr. Mrutu Philip welcomed the guest of honor, a CRDB Bank branch manager
Morogoro and thanked those who were able to participate in the conference, encourage them to
work together and made a summary of what is required in each key area of discussion in the
conference.
Mr. Mrutu Philip, delivering his presentation during the conference
He explains the origin of the idea of establishing a Tanzania Institutional Economic
Development Foundation (TIEDF) that he once came across American Young Economists while
browsing and become interested so much with youth views on various economic issues. The idea
firstly was to establish Tanzania Young Economists. In February 2015 the Tanzanan Young

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Economists face book page was launched, where as economists from different universities
especially in Tanzania were invited to discuss what out to be done to bring positive economic
changes by using what they learn in class as theories to solve real problems in the society. In
2017 the name Tanzanian Young Economists was changed to Tanzania Institutional Economic
Development Foundation (TIEDF) mainly because later on, professors, doctors and other
professional experts who are not young were added. So, to create a sustainable critical thinking
foundation, it was suggested to include many people as possible because economics deals with
human behavior regarding demand and supply model.
Furthermore, he described the mission and objectives of TIEDF as listed here;
I. Endorsing awareness of prevalent economic issues and how to solve economic problems
in the country
II. Initiate and develop vital critical thinking among economists regarding super economic
model(s) for Tanzania
III. Bring Sustainable economic revolution through initiatives among different stakeholders
IV. Eradicating poverty through best use of valuable resources and prevailing potential
opportunities
V. To find solutions on the real economic problems in the society using the knowledge of
professionalism
VI. To pursues a legacy of continuous improvement in economic research for policy
development especially to build sustainable economy
VII. Conduct conferences and meetings to discuss innovative ideas for economic development
VIII. To discuss sustainable development goals and the way forward
Moreover, he mentioned the expected activities to be done like, to propose initiatives and views
for economic development, to make publications, to make investigations on the ongoing projects,
make partnerships, investigate on industries and learn from other developed nations.
Last but not least, he mentioned various stakeholders like governments, private companies,
investors, entrepreneurs and economists. TIEDF depends on the following sources of funds,
membership fees, government funds/grants and support from private institutions.

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INVESTMENTS OPPORTUNITIES AND IDEAS
From CRDB Bank, the manager (Mr. Arthor Nyandindi) presented various opportunities for
investments available in Tanzania. Idea is the source of all achievements, he emphasized. Also,
he pointed out some important requirements one to be able to get loans, integrity, discipline in
what you proposed, have a viable idea and be bankable. He gave an example to explain this that,
farmers should not much depend on rainfall; rather irrigation may be a good option to reduce
risks and uncertainties especially during draughts. Moreover, build project which is online with
government policy., we need to live a plan so as to get loan, legality, to reduce cost of investing
for single individual. In agribusiness sector many opportunities are there, one may fight to have
drip irrigation, land property right, good business plan etc.
(One member asked), How much CRDB (Minimum amount of money) it lend lenders!
Reply… (Mr. Arthor Nyandindi), Minimum 1.5 million for small business up to billion 900.
Mr. Urasa Emmanuel asked, to get loan, how long one need to be in a business and enterprises?
Reply …One gets money in reference to collateral possession.
Furthermore, he explained the importance of organizing and formulating projects and acquisition
of loan to reduce cost of investing for a single individual. For stance in Agribusiness sector there
is a need to make various evaluations like good business plan, land property right, drip irrigation
systems and so forth. People may formulate groups to acquire loans.

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A Manager CRDB Bank Morogoro branch (Mr. Arthor Nyandindi) making his speech
Promotion of investments opportunities and ideas
This was presented by Mr. Arthor Nyandindi where he shared vital and viable ideas and
opportunities on Investments in Tanzania. Banks like CRDB and other banks more often provide
people with money to accomplish their goals. Anyone with viable idea whether in groups or
individually can get financial services like borrowing given lending requirements.
Presentation by Khamis Bakhari on ICT technology
Mr. Khamis Bakhari (SMD Ltd) a graduate from Sokoine University of Agriculture presented on
how to manage business using ICT technology. They are responsible for designing software and
supply of stationeries.
He presented a way to manage business using ICT technology. By using ICT, there are various
ways and systems of managing business. The company can manage various businesses like,
 Management of schools

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 Management of hotels and restaurants
 Management of hospitals etc.
These systems help in keeping records, accurate and meet demands especially Tanzanian
context.
To build business grow we need ICT technology which assist in making reference on the
progress of the business over time. Moreover, we have to know how to use our ideas to revive
our economy. It is the result of innovations that transforms the society.
Mr. Heneriko asked presenter, Is a system different from website? Reply: Yes, this is for internal
management (desk top) and it does not require internet. It uses data base system, whenever insert
a new window, you won’t lose your data base!
CAUCUS DISCUSSION
There were three different small meetings which each developed its own resolutions as per the
given topic and key questions. These were carried out during the conference and resulted to
several resolutions which were later discussed at the general conference to gather opinions and
comments from other groups.
Each group developed the resolutions and presented whereby there were several comments
which were worked out during the meeting before the final conference to pass the resolutions.
Each team has a leading expert who provided guidance on some issues which could be an
obstacle to the group. The resolutions are attached as annex I of this report.

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Some participants exchanging ideas during the conference on their key topics
Some participants exchanging ideas during the conference

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Closing remarks and Conclusion
The C.E.O &Founder of TIEDF Mr. Philipo Fahamuel Mrutu delivered a closing speech and he
thanked all the participants both from within and out of Tanzania for their full participation in the
conference. He also argued partners and stakeholders to support TIEDF for technical support,
moral, material/ financial or cooperation in general to make sure initiatives, programs and
projects established, they bring impact to the society by solving the existing problems focusing
sustainable economy.
“I take this opportunity to urge all the youth in Tanzania as well as other stakeholders to
join the hands in efforts towards the reduction of unemployment and eradication of poverty in
our country to achieve economic prosperity. We also urge government and non government
institutions, private sectors and individuals to use the conference resolutions as part of the key
economists and youth voice. Speaking economic revolution is making agricultural
mechanization, industrialization, innovation and technological improvements accordingly,
ultimately bring good living to people under that economic development context.
Kindly, I would like to thanks all people who devoted their time and energy to come to
the conference, May God bless them abundantly, for their active participation. Further extension
of my thanks goes to all who advised and supported me by one way or another so as to make this
idea doable and viable to the prevailing environment including Dr. Charles Lyimo, Dr. Adam
Meshack Akyoo, Dr. Celinar Ramez, Mr. Moto Ng’winganele Lugobi, Mr. Mgisa Mtebe, Mr.
Aidan, Mr. Arthor Nyandindi, Dr. Daniel Ndyetabula, Prof. Mdoe, Prof. Gabagambi, Dr. Anna
Temu, Dr. Chris Magomba, Dr. Felix Adam Nandonde, Mr. Malaki, Mr. Albert Kamala, Mr.
Yona Ndonde and Prof. Andrew Temu. I believe that these people, together with others who are
not mentioned here, are going to support the idea to be real viable doable and implemented in
Tanzania. Together we can do great!
RESOLUTIONS OF THE 1st FIRST ECONOMIST CONFERENCE
ONTANZANIA AND THE GLOBAL ECONOMY MAY 27, 2017.
MOROGORO, TANZANIA
Msalaba Shimbi emphasized, “It’s the first meeting of TIEDF, and today many events are
conducted like YUNA meeting and ceremonies which by one way or another affected number of
participants in the “1st
Economists conference on Tanzania and the Global Economy, not be
discouraged”.

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Mr. Erasmi (Secretary TIEDF) “recognizing the aim of TIEDF, and that in Tanzania we have
different policies which do not emphasize much on economic development and revolutions, it is
vital to do something to make a difference. For example copy and paste of different policies and
bring them to Tanzania may bring some negative consequences or may not have great impact as
planned”. For example BIG RESULT NOW! It is more significant to put more effort on
economic research, education and investments which brings sustainable development and
touches large number of citizens. Economic revolutionary approaches are real.
QUESTIONS IN THE CAUCUS DISCUSSION:
1. Why are we poor?
2. What can be done to bring economic revolution and sustainable development?
3. Where are our resources going?
ANSWERS
1. WHY ARE WE POOR?
Causes (macro level)
I. Corruption –Majority are poor, minority take the nation wealth
II. Underutilization of the available resources example the fertile and arable land available in
Tanzania.
III. Poor policy implementation. Example, “Kilimo kwanza”, in reality agriculture is not the
leading sector in contribution to GDP and may because of our priorities.
IV. Poor technological base, example mineral extraction technology
V. Poor entrepreneurial skills/ capacities and lack of enough big investors in the country
VI. Poor governance, lack of patriot leaders (not all)
VII. Poor education system. The education system is theoretical based. Most of the causes
taught in classes are not applicable in the real life. In Tanzania, we could have
Agriculture and economics subjects from primary level. To teach citizens how to invest,
how to make agriculture a business, how to win the world market(international economic
etiquettes)
RESOLUTIONS!
 Strongly emphasizing on adequate provision of entrepreneurial skills and
capacity building to people.

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 Keeping in mind, good governance is the source of success in the nation.
National services should continue for it is a good program to our young people.
 Believing, good policies formulation and implementation are the key initiatives
for development.
 Observing, utilization of available resources like land, labour, capital and
entrepreneurship in a sustainable development focus.
 Desiring, practical knowledge and skills from the education, education system
should be changed to be practical oriented.
 Understanding, that attitude is vital for any true change, we must change the
mindset of Tanzanians. Example through emphasizing them to read books, attend
seminars and workshops then practice the good stories in the real life.
 Observing, technology improvement. For example a technology which match
with the environment and current situation.
2. WHAT CAN BE DONE TO BRING ECONOMIC REVOLUTION AND
SUSTAINABLE DEVELOPMENT?
CORE STRATEGIES
1. EFFECTIVE ECONOMIC PLANNING
 Rising awareness
 Economic strategies
 Subscribe the economic standard
2. INTERPRETATION TO THE EFFECTIVEPLANNING
 Asking the following questions
 How?
 Why?
 Which?
 Accessibility of the plan
 Is it going or attainable with the current situation?
 How involved on the planning &interpretation

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 Market availability &price fluctuation
3. POLICY FORMULATION
 Environment of business expertise
 Stakeholders
 Politicians
 NGOs
 Entrepreneurs and investors
4. IMPLEMENTATION
 Serious working on our formulated policy strategies
 Funding the project of interest
 Integrity
 Campaigns
5. EVALUATION
 Passing through the suggested effective planning if is succeeded or not
 What should be done if the plan failing (Alternative plans)
 Keep forward on the success
6. REPORT
Submission of the report to what has been going on, to what extent the challenges and the
success attained.
3. WHERE ARE OUR RESOURCES GOING?
Resources that we have include but not limited to;
 Land
 Human resources
 Minerals
 Water bodies
 Forests
 Wild animals etc.
Now, as a country we are required to be keen in protecting our economy. Kindly,
appreciating the government of Tanzania in emphasizing industrialization and the need to build
majority of Tanzanian to be middle income earners by 2025 due. Notably, for Tanzania to
advantageous in regional and international integration and cooperation, people must be trained

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on how to compete in the world market regarding globalization. In fact, market is a big challenge
is today’s business, it be agribusiness or any other business, seller must be sharp, smart, able to
convince buyers, confidence and all requirements for him or her to be competitive. Comparative
advantage is all about mutual benefit, we should specialize in production and export of products
or goods of which we have comparative advantages (lower opportunity cost) compared to
importers from other countries. Let say technology from developed nations like Japan, America,
Israel or China! We should borrow technologies which match with our environment like
machinery and sometime it is vital to train our people abroad then to bring impact to their
societies.
Points to consider,
 Resources are being exported outside the countries in form of raw materials
 Resources are idle because of our poor utilization, low technology, poor strategy, and
poor policy implementation.
 Lack of enough expertise (personnel) and if present, no enough support from the
government example policy makers, technicians and researchers.
 Embezzlement of funds and other mutual resources
 Government priorities affect attention toward resources and they are utilized (sartorial
base). Example currently based on mineral sector than other sectors like agriculture and
tourism (The problem of “Dutch disease”).
ABOUT THE FOUNDER
Mr. Philipo F. Mrutu have an international experience in attending various meeting and
conferences like Tanzania International Model of United Nations (TIMUN 2015-Dodoma
Parliament House) , first African youth conference on Energy and Climate Change (Kunduchi
Beach –Dar es Salaam) and seminar on PERSPECTIVES ON TANZANIA’s EXTRACTIVE
SECTOR, CONTEMPORARY CHALLENGES AND POSSIBLE WAY FORWARD
(Morogoro by Mr. Moses Kulaba).
During the 1st
African Youth Conference on Energy and Climate Change Mr. Philipo asked the
panelist on what and how youth are going to use the knowledge after the conference so as to
bring changes to the society, where Dr. Ram Babu from African Development Bank one of the

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panelist responded that it is important for the youth to take lead of some initiatives and seek
partnership with other stakeholders. Is why this 1st
Economists Conference on Tanzania and the
Global Economy.
Issued by,
Tanzania Institutional Economic Development Foundation (TIEDF)
+255753442903/ +255 658 354449
philipomrutu@yahoo.com or erasmijohn@gmail.com

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“To succeed we need leadership skills, vision and purpose”!!!
PARTICIPANTS IN THE FIRST ECONOMISTS CONFERENCE ON
TANZANIA AND THE GLOBAL ECONOMY
1. Philipo Fahamuel Mrutu….0753442903
2. Urasa Emanuel….0766574241
3. Erasmi John ……0658354449
4. Msalaba Shimbi…..0756041872
5. Felix Belium Mwason……0623983709
6. Immakulata Lazaro……..0769551065
7. Emmanuel Philipo Mafuja………0755379199/0689638826
8. Foum Ali Garu……..0777414461
9. Dagharo, Kastuli E……..0689629797
10. Hamisi Bakari……0652914368
11. Ramadhani Hussein Kishimba….0713911365
12. Wambura, Michael…….0764685532
13. Mtendo, Maximilian S………0659240571
14. Ngilangwa, Sadick S…….0762534043
15. Wega Onesmo M…………0743625116
16. Makweta Anawe Joshua ……0756681337
17. Heneriko Siyawezi ………..0654597780
18. Mayani Eliazali……..0753782882/0758286982 and
19. Arthor Nyandindi ……..0715059700
This report was prepared by Philipo F. Mrutu and Erasmi John.
Edited by Dr. Charles Lyimo.

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