Tanzania seeks to unlock its economy by empowering the private sectors

DODOMA: THE Tanzanian government has reaffirmed its commitment to unlocking the country’s economy by empowering the private sector in the country.

President Samia Suluhu made the announcement when addressing various envoys representing their countries in Tanzania in Dodoma on Thursday, noting that, among many other things, the government will also pay more attention to the blue economy and green economies.

She also mentioned logistics, manufacturing, and the digital landscape as areas to be focused on by the government.

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Additionally, President Samia noted that the government plans to harness the country’s extractive sector, including natural gas, iron, steel and critical minerals, to drive national development.

According to the President, all the steps are taken with the main purpose of attracting investment, strengthening public–private partnerships as well as expanding priority sectors to drive economic growth, create employment, and promote inclusive development.

“The past year was a significant chapter in Tanzania’s journey. Economic diplomacy remained central to Tanzania’s Foreign Policy, with the government’s efforts focused on attracting investment, strengthening public–private partnerships, and expanding priority sectors to drive economic growth, create employment, and promote inclusive development,” she said.