Tanzania banks on private sector to achieve 1tri/- US dollars economy

DAR ES SALAAM: THE Director General of the Public-Private Partnership (PPP) Center, David Kafulila, said Tanzania now banks on the private sector to achieve the 1tri/- US dollars economy as the country looks ahead to Vision 2050.

That, according to Kafulila, a 1tri/-US dollars economy cannot be accomplished through taxation and borrowing alone.

Kafulila, however, agreed with the view that the success of PPP projects and private sector involvement does not happen overnight, but rather requires a solid investment foundation to achieve sustainable and meaningful results.

Kafulila made the remarks in response to a discussion raised during a forum held in Dar es Salaam that brought together scholars and development stakeholders to explore the role of public-private partnerships in achieving the goals of Tanzania’s Vision 2050.

“PPP gives the government a great opportunity to implement projects that benefit the public, such as hospitals, schools, and infrastructure like roads,” Kafulila said. “When we talk about partnerships, it’s about enabling the government to invest more in areas that deliver both impact and quality services.”

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He further explained that the PPP Center is committed to ensuring all implemented projects have direct benefits for the people, while also offering the private sector opportunities to expand business and contribute to national income.

Kafulila stressed that to reach the envisioned economic level, it is essential to strengthen policies and create a conducive investment environment.

He also highlighted the importance of ensuring partnership contracts and agreements are transparent and serve the interests of all parties involved.

Contributing to the forum, Professor Anna Tibaijuka emphasised the critical need to invest in public-private partnerships to ensure that major development projects are effectively executed.