DAR ES SALAAM: Tanzania is moving to reinforce governance and strategic leadership in companies where the government holds minority shareholdings, in a bid to protect public investments and sustain economic growth.
The Office of the Treasury Registrar (OTR) said it has intensified efforts to improve performance and accountability in firms where the state owns less than 51 per cent, ensuring such investments continue to generate long-term national returns.
Speaking at a press briefing, the OTR’s Director of Performance Management and Evaluation, Lightness Mauki, announced preparations for the Minority Interest Forum 2026, set for March 16–18 in Arusha.
On behalf of Treasury Registrar Nehemiah Mchechu, Mauki said the forum will bring together more than 150 board chairpersons and chief executives from 56 minority shareholding companies to strengthen strategic and innovative leadership.
The event, to be officiated by Planning and Investment Minister Kitila Mkumbo, will focus on shifting directors’ roles from routine oversight to forward-looking governance capable of anticipating risks and identifying emerging opportunities.
Participants will discuss geopolitical uncertainty, cybersecurity risks, technological transformation and market volatility, as well as ways to align corporate strategies with Tanzania’s National Development Vision 2050.
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Under the Public Corporations Act, institutions in which the government owns 51 per cent or more are classified as public corporations. As of June 30, 2025, the OTR oversaw 252 public institutions and 56 minority shareholding companies.
Official figures show the value of government investments in minority shareholding firms rose from 821.5 billion Tanzanian shillings in 2020 to 1.94 trillion shillings in 2024, an increase of 136 per cent.
Over the same period, gross revenues grew from 6.81 trillion to 10.74 trillion shillings, while dividends paid to the government rose from 58.3 billion to 266.5 billion shillings.
Mauki said strengthened public-private collaboration has enhanced competitiveness and aligns with President Samia Suluhu Hassan’s broader agenda of attracting investment and building an inclusive, resilient economy.
