Economy

Treasury Registrar convenes meeting with govt-owned minority interest companies

Dar es Salaam. The Office of the Treasury Registrar (OTR) is set to convene a high-level meeting with directors of boards from companies in which the government holds Minority Interests (MIs).

The meeting, scheduled for March25-28, 2025 at the Julius Nyerere Leadership School in Kibaha, Coast Region, will focus on harnessing technology to drive institutional efficiency and performance.

With the theme Leveraging Technology for Enhanced Performance, the gathering aims to provide a strategic platform for dialogue on the role of technological advancements in optimising decision-making processes.

The meeting will also seek to strengthen corporate governance across the 56 companies where the government retains minority stakes.

The meeting will bring together over 150 key stakeholders, including representatives from regulatory bodies, policymakers, and industry experts, to deliberate on how digital transformation can enhance operational efficiency, foster transparency, and improve service delivery within these entities.

The Minister of State, President’s Office [Planning and Investment], Prof Kitila Mkumbo, is expected to officiate the event as the guest of honour.

The OTR oversees state-owned enterprises (SOEs) and government-held shares in private entities as part of its mandate to safeguard public assets and ensure financial sustainability.

These companies operate across key sectors, including banking, telecommunications, energy, manufacturing, transport, and infrastructure development.

Many of these entities contribute significantly to revenue generation, job creation, and the provision of essential services, reinforcing their strategic importance in Tanzania’s economic landscape.

Recent reforms have sought to enhance governance, financial discipline, and operational efficiency within SOEs and government-linked firms.

The upcoming meeting will provide an opportunity to review the implementation of these reforms, discuss emerging challenges, and explore solutions to improve the performance and competitiveness of minority government-owned companies.

Through panel discussions, case studies, and interactive sessions, participants will explore best practices in data-driven decision-making, automation, and digital governance frameworks.

The deliberations are also expected to address challenges facing institutions with minority government ownership and propose solutions for enhancing their competitiveness in an increasingly technology-driven business landscape.

The OTR’s initiative aligns with the government’s broader economic transformation agenda, which prioritises the modernisation of public and private sector entities to enhance productivity, accountability, and financial sustainability.

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