Dodoma. The Office of the Treasury Registrar (OTR) has held a high-level training session with Members of Parliament to deepen their understanding of ongoing reforms, strategic achievements, and key plans shaping the institution's future.
The session, conducted on Friday, April 11, 2025, in Dodoma, brought together three influential Parliamentary Standing Committees Governance, Constitution and Legal Affairs; Public Investment; and Budget.
Speaking during the opening, the Deputy Minister in the President’s Office (Planning and Investment), Mr. Stanslaus Nyongo, emphasized the need for close collaboration between the OTR and lawmakers, noting that “the training aimed at deepening MPs’ understanding of the role and operations of the OTR.”
Key presentations focused on the OTR’s mandate, recent successes, ongoing challenges, and strategic direction for the 2025/26 financial year.
Dr. Emmanuel Luvanda, Director of Performance Oversight for Non-Commercial Public Entities at OTR, highlighted a positive trajectory in non-tax revenue collection.
“Dividends from profit-generating institutions have increased by an average of 50 percent annually,” he revealed, pointing to notable capital injections that have boosted performance in key state-owned entities.
Citing specific examples, Dr. Luvanda shared that “Tanzania Commercial Bank (TCB) received a capital boost of Sh13 billion, which led to improved operations and a profit of Sh131.6 billion in 2024.”
Likewise, the Tanzania Electric Supply Company (TANESCO) benefited from a Sh2.4 trillion capital injection, helping it grow profits from Sh8.9 billion to Sh21.8 billion in the same year.
The Tanzania Petroleum Development Corporation (TPDC), which was allocated Sh2.7 trillion, recorded a significant profit jump from Sh159.6 billion to Sh306 billion in the 2023/24 fiscal year.
“These capital injections have played a transformative role in strengthening financial sustainability and improving service delivery,” Dr. Luvanda noted.
The reforms have also included granting operational autonomy to 57 strategic and commercial public institutions, a move designed to “enhance efficiency and performance in line with their founding objectives.”
For companies where the government holds minority shares, Dr. Luvanda reported progress through updated shareholder agreements and stronger engagement with partners.
“We have reviewed agreements to reflect market dynamics,” he said.
Updated agreements include the revised shareholder arrangement between the Treasury Registrar and Arise BV in NMB Bank, changes in Mbeya Cement’s structure, and a new deal to acquire a 25 percent stake in IDTL.
Moreover, the government increased its stake in Inflight Catering Services by 10.99 percent—raising its total shareholding to 31.69 percent—and secured an agreement with Perseus Mining to raise the government’s stake in Sotta Mining from 16 percent to 20 percent.
Looking ahead, Dr. Luvanda said the OTR would focus on strategic evaluations and system improvements.
“Our priorities include evaluating recovered public assets, reviewing performance of privatized institutions, enhancing investment efficiency, and upgrading ICT systems to support operations,” he explained.
The session reinforced the government’s commitment to transparency, accountability, and improved returns from public investments, with MPs gaining valuable insights into the engine behind state-owned entity reforms.
