Tanzania hails firms in which it has minority shares, whose contribution rose by 357 percent
ARUSHA: THE Minister of Finance, Ambassador Khamis Mussa Omar, said that the contribution of companies in which the Tanzanian government has minority shares in the Government Consolidated Fund through the Treasury Registrar’s Office has increased from 58.26 bn/- in 2020 to 266.52b/- in 2024.
This was stated at the Annual Meeting of the Forum of Directors of Boards of Companies in which the Government has minority shares, held at the Headquarters of the African Postal Union (PAPU), in Arusha.
He said that the increase is 357 percent within a period of five years, which is commendable due to the efforts made through the Treasury Registrar’s Office.
“Currently, companies in which the Government has minority shareholdings constitute 18 percent of the 308 institutions under the supervision of the Treasury Registrar’s Office, with Government investment worth 3.6tri/- by the fiscal year 2024/2025, of which 1.94tri/- is domestic investment”, said Ambassador Omar.
Ambassador Omar called on the Treasury Registrar’s Office Authority to continue to ensure that government investment is managed carefully, generates profits, and contributes to economic growth.
Ambassador Omar commended the reforms implemented in Public Institutions under the leadership of the Treasury Registrar, which have contributed significantly to strengthening good governance, accountability and performance, which is evident through the historic increase in the contribution of non-tax revenue to the Government in the fiscal year 2024/2025.
He also said that the Government-owned Companies Forum has been an important platform in strengthening cooperation between the Government and the private sector by bringing together leaders who manage these companies.
He also thanked the support of strategic partners and sponsors whose contributions have enabled the holding of the forum, including NMB Bank as the main sponsor of the event, for their continued commitment to supporting Government plans, which is an example of the spirit of patriotism for the nation.
Speaking about Vision 2050, Ambassador Omar said that the Vision has set the policy direction as well as the strategic map for the development of the nation for the next 25 years, thus requiring the public and private sectors to think, work, and move forward together to transform national priorities into real economic results.
For his part, the Registrar of the Treasury, Nehemiah Mchechu, said that the Forum provides an opportunity to exchange experiences and knowledge in various areas, including Innovation in an environment of pressure for change, and Economic Intelligence and Competition.
He mentioned other areas, including building institutional resilience, preparing future-proof mining sector systems, the role of minority investment companies in Vision 2050, and Sustainable long-term value creation.
The conference with the theme “From routine monitoring: To strategic leadership that shines ahead” is being held for three days from March 16 to 18, 2026, in Arusha.
