DAR ES SALAAM: THE CEO Roundtable of Tanzania (CEOrt) has praised the government for its efforts in shaping the country’s future, emphasising the importance of including the private sector in policy formulation and implementation for building a strong economy.
During the CEOrt’s first meeting of the year in Dar es Salaam, Executive Director Ms Santina Benson highlighted the organisation’s collaboration with the government to shift from aid dependency to a trade- and industry-driven economy.
She commended the government’s progress but urged more focus on areas that will incentivise private sector involvement in the nation’s sustainable development as it moves toward its 2050 Vision.
In her opening remarks, Ms Benson, revealed that the organisation has recently launched a women’s empowerment pilot project in Temeke Municipality.
The initiative aims to empower women engaged in various economic activities, enhancing their income levels and fostering greater economic independence.
Earlier, at the same platform, Prof Abel Kinyondo, from the University of Dar es Salaam (UDSM) called on the government to prioritise economic growth as the foundation for sustainable development.
He noted that Tanzania has undergone significant economic transitions, from the era of the founding President Mwalimu Nyerere to his successors.
Over the past two and a half decades, the country has experienced positive growth.
He highlighted that in the first quarter of 2007, growth reached a peak of 11.9 per cent, with an annual peak of 7.7 per cent in 2011. The 2025 projected growth is between 5.4 per cent and 5.7 per cent.
Prof Kinyondo also urged the government to review the tax system, making it simpler and more attractive for citizens to pay taxes, which would contribute to the country’s development.
He acknowledged, however, that corruption remains a challenge in some sectors.
He emphasised that the current government’s efforts to transform the economy should embrace the private sector by leveraging available resources.
Additionally, he stressed the importance of investing in research to develop critical solutions that will support steady development.
“We depend entirely on donors to fund research, and some come with their own demands,” he said.
“It’s high time the government started funding research in areas like agriculture, which will have a major impact on the country.”
During a panel discussion, Mr Donald Mmari from the Research on Poverty Alleviation Programme (REPOA) called for a collaborative partnership between the government, private sector and society to play an intermediary role in utilising resource-rich sectors, such as Information and Communication Technology (ICT), mining and tourism, to drive the economy.
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