SOEs to accelerate plans to deliver Dira 2050

DAR ES SALAAM: WITH implementation of the National Development Vision 2050 now underway, state-owned enterprises and other public institutions are preparing to adopt new strategies aimed at increasing their contribution to Tanzania’s economic transformation, it has been revealed.

The strategies will be developed under the guidance of the Office of the Treasury Registrar (OTR) and are expected to help public entities contribute to the Government’s ambition of building a one trilliondollar economy.

Acting Treasury Registrar and Director of Performance Management, Monitoring and Evaluation for Commercial Entities at the OTR, Ms Lightness Mauki, said yesterday that new strategies would be developed during the Boards and Chief Executive Officers of Public Institutions Forum (C-CEOs Forum 2026) later this month.

The forum is scheduled to take place in Arusha from September 28 to 30 under the theme: “High-Performing Public Organisations in a Competitive, Inclusive and Resilient Economy in the Implementation of the National Development Vision 2050.”

Ms Mauki said the forum would provide a platform for leaders of public institutions to discuss how Vision 2050 could be translated into practical action, while also sharing experiences and identifying ways to improve institutional performance.

The forum comes as the contribution of public institutions and state-owned enterprises to government revenue continues to grow, with non-tax revenue collections reaching 1.33tri/- in the 2024/25 financial year, up by 30 per cent from approximately 1.03tri/- collected in the previous year.

Ms Mauki made the remarks yesterday during a breakfast meeting with editors ahead of the CCEOs Forum 2026, where she outlined reforms aimed at strengthening institutional performance and increasing the contribution of public institutions to Tanzania’s economic transformation.

“This is a positive trend which shows that we are ready, through our institutions and public organisations, to implement the National Development Vision 2050, whose implementation began in July this year,” she said.

The OTR has also set an ambitious target of collecting 2tri/- in non-tax revenue during the 2026/27 financial year, exceeding the Government’s target of 1.79tri/-.

On the achievements recorded so far, Ms Mauki said government investment had increased by approximately 37 per cent over the past five years, rising from 67.73tri/- in 2020/21 to 92.28tri/- in 2024/25.

Of the total investment, domestic investment accounted for approximately 90.60tri/-, while foreign investment stood at 1.68tri/-.

She said that, given the scale of investment currently taking place, the Government was committed to increasing capital investment, particularly in companies in which it holds minority stakes, while also enhancing the value of its shareholdings.

She cited Mbeya Cement, PERSUS Mining through the Nyanzaga Gold Mine and Kilombero Sugar as some of the companies where the Government intends to strengthen its investment position.

On revenue collection, Ms Mauki said implementation of the Budget Act 2025 had increased the contribution of non-commercial public institutions from 15 per cent to 40 per cent of gross revenue.

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The measure is intended to strengthen government revenue flows and enhance financial accountability among public institutions.

Ms Mauki said digital reforms were also supporting the effort, with the Public Institutions Management System (PIMS) integrated with the Government Electronic Payment Gateway (GePG), MUSE and ERMS.

The integration, she said, had enabled faster access to revenue collection and management information, improving efficiency, transparency and predictability while reducing reliance on manual processes.

She added that dependence on government subsidies among noncommercial public institutions had declined by an average of 12.8 per cent over the past five years, reflecting efforts to improve efficiency and strengthen internally generated resources.

The Tanzania Railways Corporation (TRC), she said, had started meeting its salary obligations from its own resources, while the Tanzania Petroleum Development Corporation (TPDC) and State Mining Corporation (STAMICO) had become self-reliant.

For his part, Tanzania Commercial Bank (TCB) Chief Executive Officer and Managing Director, Mr Adam Mihayo, said the bank had increasingly focused its strategic plans on supporting productive sectors that directly align with the objectives of Vision 2050.

Mr Mihayo, whose bank is the sponsor of the forum, said TCB was pleased to be part of the initiative, noting that its strategic direction over the past three years had been aligned with reforms and the rebuilding agenda championed by the OTR.