Arusha, Tanzania | 16 March 2026 — Tanzania has recorded a significant increase in revenue contributions from companies in which the Government holds minority shares, highlighting improved performance, stronger governance, and enhanced 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, Khamis Mussa Omar, revealed that contributions to the Consolidated Fund rose sharply 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 the impact of reforms and strengthened supervision under the Treasury Registrar’s Office.
“This growth demonstrates improved governance, accountability, and strategic management of public investments,” the Minister noted.
Government Investment Hits TZS 3.6 Trillion
According to Minister Omar, companies in which the Government holds minority shares now account for 18 percent of the 308 institutions under the Treasury Registrar.
He added that total Government investment reached TZS 3.6 trillion in the 2024/2025 financial year, with TZS 1.94 trillion invested domestically—a clear indication of the Government’s commitment to supporting local economic growth.
Driving Growth Through Strategic Investment
The Finance Minister emphasized the importance of ensuring that public investments are efficiently managed, profitable, and aligned with national economic priorities.
He commended ongoing reforms across public institutions, noting their critical role in boosting non-tax revenue collection and strengthening overall institutional performance.
These reforms, he said, have contributed to a record increase in non-tax revenue to the Government in the current fiscal cycle.
Strengthening Public-Private Collaboration
The forum also underscored the growing importance of collaboration between the public and private sectors. The Minority Shareholding Companies platform continues to serve as a vital space for dialogue, coordination, and leadership alignment.
Minister Omar acknowledged the support of strategic partners and sponsors, including NMB Bank Plc, for their continued contribution to national development initiatives—describing their role as a reflection of strong corporate citizenship.
Vision 2050: A Call for Joint Action
Linking the discussions to Tanzania’s Development Vision 2050, the Minister stressed the need for deeper collaboration between the public and private sectors to transform long-term national priorities into measurable economic outcomes.
He noted that the Vision provides a strategic roadmap for the next 25 years, requiring coordinated efforts to unlock sustainable growth.
Treasury Registrar: Focus on Innovation and Resilience
Meanwhile, the Treasury Registrar, Nehemiah Mchechu, highlighted the forum’s role in promoting knowledge sharing and innovation across key sectors.
He pointed to priority areas including economic competitiveness, institutional resilience, future-ready investment strategies, and the evolving role of minority-owned companies in achieving Vision 2050 goals.
About the Forum
The three-day forum, running from 16 to 18 March 2026 in Arusha, is held under the theme:
“From Routine Oversight to Forward-Looking Strategic Leadership.”
It brings together key stakeholders from both the public and private sectors to exchange insights and shape the future of Tanzania’s investment landscape, particularly in enhancing the contribution of minority government-owned companies to national economic development.
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