Tanzania Calls for Stronger Private Sector Role to Achieve Vision 2050 Economic and Industrial Growth

The Government has continued to encourage the private sector to actively participate in the implementation of various development projects through public-private partnerships, investing across key sectors including industry, healthcare, and infrastructure, in order to support the attainment of the goals set out in the National Development Vision 2050.

These remarks were made by the Deputy Minister for Finance, Hon. Eng. Mshamu Ali Munde, MP, during a meeting held at his office at the Ministry of Finance, Treasury Square in Dodoma, where he engaged with leaders and representatives from various manufacturing companies producing packaging materials, exercise books, and paper products.

He emphasized that the Government recognizes the critical role of the private sector in driving economic growth and improving the livelihoods of Tanzanians, in line with the national development agenda.

“In the National Development Vision 2050, we are targeting a trillion-dollar economy. You are key stakeholders in the development of this country, and we expect your participation to be even greater than that of the Government, particularly the public sector,” Hon. Eng. Munde stated.

He further directed the Tanzania Revenue Authority (TRA) to intensify efforts in curbing illicit imports in order to promote locally manufactured goods, enhance domestic revenue collection, and stimulate overall economic growth.

Additionally, Hon. Eng. Munde urged local manufacturers to continue producing high-quality goods to strengthen competitiveness in both domestic and international markets, thereby boosting sales and industrial performance.

On his part, the head of the delegation from the packaging industry, Mr. Osman Haruni, commended the Government of the United Republic of Tanzania for its continued support and for creating a conducive business environment, which has encouraged manufacturers to sustain and expand production.

“We commend the Government for its ongoing support and kindly request the continued improvement of the business environment to enable us to enhance the quality and scale of our production,” Mr. Haruni noted.

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