Govt demands results from minority shareholding firms

ARUSHA: THE government has challenged directors of companies in which it holds minority shares to ensure their leadership delivers tangible value for both the State and citizens.

Closing the three-day Minority Interest Forum 2026 (MIF 2026) in Arusha yesterday, Deputy Minister in the President’s Office – Planning and Investment, Dr Pius Chaya, urged company directors to adopt a results-driven approach in managing firms where the government holds minority stakes.

He stressed that such investments must generate clear and measurable returns and contribute meaningfully to national development.

Dr Chaya said directors must move beyond routine oversight and ensure every Minority Interest Company performs strongly, warning that public investments cannot afford to underperform as the country pursues ambitious economic goals.

“Government investments are not merely shares in companies; they are shares in the future of our nation. Our collective responsibility is to ensure these companies become strong engines of growth, innovation and prosperity for Tanzania,” he said.

He also called on directors to safeguard public equity by protecting and enhancing the value of government shareholding, including taking deliberate measures to prevent dilution of state ownership and strengthen its strategic position in the companies.

According to Dr Chaya, directors are entrusted not only with corporate governance responsibilities but also with stewardship of national investments, meaning their decisions must translate into real benefits for citizens.

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The forum brought together directors, chief executives, policymakers and industry experts to reflect on governance challenges and align strategies for improving the performance of companies with government minority shareholding.

Dr Chaya urged participants to ensure the discussions lead to concrete action, calling for a shift from dialogue to implementation and measurable results.

Treasury Registrar (TR) Mr Nehemiah Mchechu said the forum plays a key role in strengthening leadership effectiveness, governance and performance accountability in companies where the government holds minority stakes.

He noted that the Office of Treasury Registrar (OTR) remains committed to ensuring such companies operate efficiently, deliver sustainable returns and contribute to Tanzania’s long-term development agenda.

“These engagements equip directors and executives with insights needed to navigate emerging challenges, embrace innovation and align their strategies with national priorities,” Mr Mchechu said.