What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to… - Jakaya Mrisho Kikwete

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What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to the next and to the next. And because of that they would pay no taxes. So this fellow takes all the gold away and he says he makes losses and so he does not pay us anything. So he is the only one that is being protected. Those of us who are losing our resources are not protected. This is the thing that created the kind of debate that we had and we had to renegotiate.

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About Jakaya Mrisho Kikwete

Jakaya Kikwete (bon October 7, 1950) is a Tanzanian politician who was the fourth president of Tanzania, in office from 2005 to 2015.

Also Known As

Alternative Names: Jakaya M. Kikwete Jakaya Kikwete
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Additional quotes by Jakaya Mrisho Kikwete

Why China suddenly is a question? Of course, there has been the concern that they may not be giving loans that are concessional, and the danger is that these countries might go back into the debt, some of the countries that they have been forgiven their debts. This I found to be a valid point, maybe not with Tanzania, because we don’t have much in terms of this huge Chinese development assistance.

We cannot continue to mourn about our country being poor while our minerals are lying untapped and with harvesting at Lake Natron, we will not be the first to do so, because our neighbours, Kenya, are doing the same on the other side of the lake.

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