Government Praises Public Enterprise Reforms: A New Era of Efficiency and Profitability
In a significant milestone for Tanzania’s public sector, government officials are highlighting remarkable transformations within state-owned enterprises (SOEs), marking a pivotal shift towards financial sustainability and operational excellence.
The Minister of State responsible for Labour, Youth, Employment and Persons with Disabilities emphasized the critical role of the Treasury Registrar’s office in driving institutional reforms. These strategic changes have propelled numerous public institutions from dependency on government subsidies to becoming profitable, self-sustaining organizations.
Key Performance Highlights:
– The Occupational Safety and Health Authority contributed Sh10.4 billion to the Government Consolidated Fund in the 2024/25 financial year
– State Mining Corporation, Tanzania Electric Supply Company, and Tanzania Petroleum Development Corporation have demonstrated substantial improvements in financial performance
– Tanzania Ports Authority increased its consolidated fund contribution from Sh155.7 billion to Sh181 billion while reducing operational expenditure by Sh505.59 billion
The government has signaled continued support for these transformative reforms, encouraging institutions to embrace change and pursue operational efficiency. This approach represents a fundamental redesign of public enterprise management, prioritizing results-oriented strategies and fiscal discipline.
These developments underscore Tanzania’s commitment to modernizing its public sector, creating more accountable, productive, and financially robust state-owned enterprises that can contribute meaningfully to national economic growth.
