Dodoma. The Office of Treasury Registrar (OTR) has conducted a training session for three Parliamentary Standing Committees focusing on the institution’s reforms, achievements, strategies, and future direction.
The training, held on Friday, April 11, 2025, in Dodoma, brought together Members of Parliament from the Governance, Constitution and Legal Affairs Committee; the Public Investment Committee; and the Budget Committee.
Opening the session, Deputy Minister in the President’s Office (Planning and Investment), Hon. Stanslaus Nyongo, said the training aimed at deepening MPs’ understanding of the role and operations of the OTR.
The sessions covered key areas including the institution’s mandate, achievements, challenges, strategic direction, and plans for the 2025/2026 financial year.
Presenting one of the key topics, Dr. Emmanuel Luvanda, Director of Performance Oversight for Non-Commercial Public Entities at the OTR, said non-tax revenue collection has been steadily improving year over year.
He noted that dividends from profit-generating institutions have increased by an average of 50 percent annually.
Highlighting notable reforms, Dr. Luvanda pointed to capital injections into various public institutions as a driver of improved performance.
For instance, Tanzania Commercial Bank (TCB) received a capital boost of Sh131 billion, which led to improved operations and a profit of Sh31.6 billion in 2024.
He further mentioned that Tanzania Electric Supply Company (TANESCO) received a capital injection of Sh2.4 trillion, helping the utility increase its profit from Sh8.9 billion to Sh21.8 billion in 2024.
Similarly, the Tanzania Petroleum Development Corporation (TPDC) was allocated Sh2.7 trillion in capital, resulting in its profit rising from Sh159.6 billion to Sh306 billion in the 2023/24 fiscal year.
Other notable achievements included granting operational autonomy to 57 strategic and commercial institutions to enhance efficiency and performance in line with their founding objectives.
Regarding companies in which the government holds minority shares, Dr. Luvanda noted significant progress, including the review of shareholder agreements to reflect market changes and improved engagement with strategic partners.
These reforms have led to structural and operational improvements in several companies.
Revised agreements include that of Mbeya Cement, changes in the NMB Bank shareholder agreement between the Treasury Registrar and Arise BV, and an agreement to acquire a 25% stake in IDTL.
In addition, the Treasury Registrar’s Office reached agreements with Inflight Catering Services to increase government shareholding by 10.99 percent, raising the total to 31.69 percent.
It also secured a deal with Perseus Mining to increase government shares in Sotta Mining from 16 percent to 20 percent.
Looking ahead, Dr. Luvanda said the Office is prioritizing the evaluation of recovered public assets, performance reviews of privatized institutions, improving investment efficiency in public entities, enhancing non-tax revenue, and upgrading ICT systems to support operations.
