Arusha. The Treasury Registrar, Mr Nehemiah Mchechu, has urged boards and chief executive officers of companies where the government holds minority shares to move beyond routine management and embrace forward-looking strategic leadership.
The appeal came during the three-day Minority Interest Directors Forum (MIF 2026) in Arusha, which began on Monday, March 16, 2026, and was attended by the Minister for Finance, Amb Khamis Mussa Omar.
Speaking at the forum, Mr Mchechu said that such changes are critical for companies to keep pace with rapid economic and technological developments and to fully exploit emerging opportunities.
He stressed that institutions fostering innovation, foresight, and prompt decision-making are better placed to succeed and contribute effectively to the objectives of Dira 2050.
Mr Mchechu noted that the forum, now in its third year since launching in 2024, has become an important platform for company leaders to discuss governance, performance, and their role in Tanzania’s economic transformation.
He added that this year’s theme, From Oversight to Foresight: Advancing Agile and Innovative Leadership under Transformation Pressures, highlights the need for boards and senior executives to anticipate challenges and opportunities rather than focus solely on routine management.
“In today’s fast-evolving economic and technological landscape, leadership cannot concentrate only on maintaining the status quo; it must look ahead and prepare for the future,” he said.
He also noted that government investments in companies with minority shares have grown from Sh821 billion to Sh3.6 trillion, while dividend contributions rose from Sh58 billion to Sh266 billion, a 357 percent increase over five years.
MIF 2026 convened more than 200 directors, senior executives, policymakers, and experts from Tanzania and abroad.
Participants explored strategies to enhance corporate governance and performance, enabling companies to contribute more effectively to the country’s long-term economic development.
