Arusha, Tanzania | 16 March 2026 — Tanzania has recorded a sharp rise in revenue contributions from companies in which the Government holds minority shares, signaling improved performance and stronger investment oversight.
Speaking at the Annual Forum of Board Directors of Government Minority-Owned Companies held at the Pan African Postal Union (PAPU) Headquarters in Arusha, the Minister for Finance, Hon. Ambassador Khamis Mussa Omar (MP), revealed that contributions increased from TZS 58.26 billion in 2020 to TZS 266.52 billion in 2024.
The increase represents a remarkable 357 percent growth over five years, reflecting enhanced governance, accountability, and strategic management under the Treasury Registrar’s Office.
“Companies in which the Government holds minority shares now account for 18 percent of 308 institutions under the Treasury Registrar, with total government investment reaching TZS 3.6 trillion, including TZS 1.94 trillion in domestic investments,” said Hon. Omar.
Driving Growth Through Strategic Investment
The Finance Minister emphasized the importance of ensuring that public investments remain profitable, well-managed, and aligned with national economic growth objectives. He commended ongoing reforms in public institutions, noting their role in boosting non-tax revenue collection and strengthening institutional performance.
The forum also highlighted the growing importance of public-private collaboration, with the Minority Shareholding Companies platform serving as a key space for dialogue, coordination, and leadership alignment.
Hon. Omar further acknowledged the support of strategic partners, including NMB Bank, for their contribution to advancing national development initiatives.
Vision 2050 and Future Outlook
Linking the discussion to Tanzania Development Vision 2050, the Minister stressed the need for stronger collaboration between the public and private sectors to translate long-term national goals into measurable economic outcomes.
Meanwhile, Treasury Registrar Mr. Nehemiah Mchechu noted that the forum promotes knowledge sharing and innovation, particularly in areas such as economic competitiveness, institutional resilience, and future-ready investment strategies.
The three-day forum, held under the theme “From Routine Oversight to Forward-Looking Strategic Leadership,” runs from 16–18 March 2026, bringing together key stakeholders to shape the future of Tanzania’s investment landscape.
