Kafulila tables Tsh 334 Trillion opportunities for private sector

DAR ES SALAAM: THE Executive Director of the Public-Private Partnership Centre (PPP-CENTRE), David Kafulila, has provided a guide and roadmap for how Tanzania will achieve economic growth of One Trillion Dollars by 2050, while assigning the private sector the responsibility of carrying 70 percent of that development burden.

Speaking at a meeting with private sector stakeholders (TPSF) in Dar es Salaam, Kafulila clarified that the National Five-Year Development Plan (2026/27 to 2030/31) costs Tsh 477 Trillion. To achieve this, the private sector is expected to invest more than Tsh 334 Trillion.

The energy sector also has vast opportunities. Kafulila noted that TANESCO requires PPP investment to increase electricity generation from the current 1,000 Megawatts to 5,000 Megawatts.

Beyond energy, Kafulila reminded housing and real estate stakeholders to begin building reliable infrastructure within Dar es Salaam municipalities to prepare to host the large influx of visitors during the AFCON 2027 tournament.

In conclusion, he urged banks in the country to change their approach and stop being mere lenders, and instead start financing project preparation costs in collaboration with the Government, then recover the funds from the investor who will be selected to implement the project.