Tag Archives: trade

Chart of the week #17: Tanzania exports far more to SADC than to the EAC

The Daily News had an interesting economic headline earlier this week: Tanzania’s exports to SADC countries soars. According to the article, 29% of Tanzania’s exports go to countries in the Southern African Development Community (SADC), while only 10% go to East African Community (EAC) countries.

It’s based on new data from the Bank of Tanzania, published in their Financial Stability Report and Quarterly Economic Bulletin.

The article itself got in a bit of a mess, confusing economic growth rates with growth in trade. Nevertheless, the basic point is still interesting: Tanzania exports nearly three times as much to SADC countries as to EAC countries.

Perhaps, therefore, Tanzania should worry less about getting East African integration right, and focus more on its southern neighbours instead? Continue reading

Trade, tax and superhero number crunchers

For the bean-counters shall inherit the earth, as I’m sure somebody once said.

Accountants have a clever trick – the unscrupulous ones – to keep the rest of us fooled. By making something sound as uninteresting as possible, we have a hard time paying attention long enough to understand what they’re saying. So we miss the point.

Take misinvoicing, for example. Could anything possibly sound less interesting than that?

Well, let me see if I can get your attention: between 2002 and 2011, Tanzania lost an average of $248m per year in tax revenues through misinvoicing. It’s illegal, and it’s on the rise. Continue reading