Treasury plans insurance, bank, gambling boost
DODOMA: THE Ministry of Finance is gearing up for a results driven next financial, with plans focused on boosting profitability in state-owned enterprises, expanding the reach of national statistics and tightening regulation in the gambling sector.
The National Insurance Corporation (NIC) is projecting an increase in gross profit to 67.48bn/- in 2025/26, a rise from 58.94bn/- recorded in 2024/25.
The Minister for Finance, Dr Mwigulu Nchemba, said to support this growth, the insurer will review eight property and accident insurance products and three life insurance products.
“These reforms are about ensuring the corporation remains competitive and contributes more significantly to national revenue,” said Dr Nchemba while tabling the 2025/26 budget in Parliament on Wednesday.
NIC also plans to upgrade two data centres dedicated to storage and disaster recovery. In the field of data, the National Bureau of Statistics (NBS) will take on a heavy research schedule.
It will continue the 2024 Labour Force Survey, finalise the Household Budget and Follow-Up Surveys for 2024/25 and launch new surveys targeting the informal sector and agriculture.
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It will also complete construction of new regional offices in Pemba, Lindi, and Simiyu.
“These efforts are vital for evidence-based planning. Our aim is to ensure that data produced by NBS continues to inform key economic and social decisions,” said Dr Nchemba.
Meanwhile, the Gaming Board of Tanzania (GBT) is set to issue 14,124 licences, comprising 845 new ones and 13,279 renewals. The board will conduct 12 risk-based inspections and launch four enforcement operations targeting illegal gaming activities.
It expects to collect 29.89bn/- in revenue and continue public education campaigns on the dangers of gambling.
“We are strengthening regulatory oversight to safeguard players, ensure fair play and enhance revenue collection,” the minister said.
“The board will also support the continued running of the National Lottery.” Additionally, this year, the Tanzania Agricultural Development Bank (TADB) plans to generate revenue amounting to 69.53bn/- and increase its pre-tax profit to 30.65bn/- up from 24.68bn/- last year.
The minister said the agriculture bank targets to issue total loans worth 300bn/- compared to 286.38bn/- last year. The bank’s total assets projected to grow to 1.13tri/- up from 917.41bn/-.
The minister also said TIB Development Bank plans to disburse loans amounting to 20bn/- and increase its assets to 478bn/- up from 453bn/- last year. Dr Nchemba said that these plans reflect the government’s broader approach to institutional performance.
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“For the 2025/26 financial year, these institutions are positioned to deliver not just in numbers, but in impact—ensuring services reach more Tanzanians while building stronger national systems,” he said.
As Tanzania moves into the new financial year, the emphasis is clear: strong institutions, clear goals and results that benefit citizens and the economy alike.
