THE Treasurer Registrar has recorded a collection of 852.98bn/-, which is equivalent to 109 per cent, surpassing its set target of 779.03bn/- by June 30, this year.
The goal was also to collect 33.5 per cent above the corresponding year collection of 638.87bn/-.
The Public Investment Management Director in the TR’s Office, Ms Lightness Mauki disclosed this in Dodoma yesterday when outlining their priorities for this financial year (2022/23) and achievements attained in the last financial year.
“This is a record achievement in the country’s history being attributed to strengthening the management systems, monitoring and evaluation of government’s capital investments as well as key steps taken by putting in place good tracking systems of revenues and expenditures,” said Ms Mauki.
The support from the government to put in place a conducive environment of doing business within the country was among other crucial measures that led to the success.
According to her, the TR’s office has continued to effectively execute its role of collecting non-tax revenues, including dividends and 15 per cent gross revenue among others.
As of June 30, this year, the office was responsible for the supervision of 287 public institutions, among which 237 enterprises and institutions ownership is equivalent to over 51 per cent, 40 institutions with fewer shares and 10 foreign institutions whose value totals 70tri/-.
In supporting the agenda of agriculture, she said the TR’s office has successfully enabled the expansion of Kilombero Sugar factory through its 25 per cent ownership in tackling the increasing sugar demand and the problem of unemployment in the country by supporting the activities of out growers.
“A sum of 571.6bn/-, equivalent to 238.5 million US dollars has been invested to support the expansion of the factory, which is envisioned to produce 144,000 tonnes of sugar, thereby increasing the factory’s capacity to up to 271,000 tonnes from the current 127,000 tonnes,” noted the Director.
The execution of the project is also expected to be beneficial by increasing the incomes of Kilombero residents, dividends to its shareholders and a catalyst to the economy of the country as a whole.
The government decision to buy and revive the KPL Mngeta farm from the Insolvency Manager is part of its efforts to boost the economy through agriculture which is the backbone of most communities within the country.
The 152.19bn/- farm is among major investments that will create jobs and increase revenues of the people residing around the farm and bring a sustainable profit to the government.
Ms Mauki revealed that the KPL Mngeta farm has been temporarily handed over to SUMA JKT for its development and work has already started.
“We are committed to effectively manage all the enterprises which the government possesses a few shares…we have met and held discussions with our counterparts. The aim is to improve operation of the enterprises as well as increase the value of shares,” she said.
As of March 2022, the government managed to increase its shareholding in Williamson Diamonds Limited from 25 percent to 37 percent and signed joint venture contracts by securing 16 percent undiluted ownership in companies, including Black Rock Mining Limited; Strandline Resources Limited; Nyanzaga Mining Limited and LZ Nickel Limited.
Also, the government secured shareholding certificates for companies including Faru Graphite Corporation, Sota Mining Corporation, Williamson Diamond Limited (Class A & Class B Shares), Nyati Minerals Limited and Tembo Nickel Refining Limited which were signed and presented to them.
She maintained that the TR’s office was committed to effectively implement its 2022/23 key strategic plan in ensuring all the state owned enterprises and institutions yield positive results as per the set goals.
