The Ministry of Energy has taken a significant step to strengthen public-private partnerships in the energy sector by holding high-level discussions with Stanbic Bank, one of the country’s leading financial institutions.
The meeting, led by the Ministry’s Permanent Secretary, Mr. Felchesm Mramba, focused on exploring investment opportunities that can accelerate the development of Tanzania’s energy projects.
During the discussions, both parties examined how local financial institutions can effectively collaborate with the government to support the financing, implementation, and expansion of energy initiatives.
The dialogue emphasized innovative approaches to mobilizing capital, increasing private sector participation, and ensuring projects are executed efficiently and on schedule.
Mr. Mramba underscored the importance of coordinated efforts between the government and financial institutions, noting that “strengthening partnerships with banks like Stanbic is key to mobilizing the resources needed for sustainable energy development, which is central to our economic growth agenda.”
Representatives from Stanbic Bank highlighted their readiness to leverage financial solutions to support both public and private energy projects, emphasizing that strategic collaboration can create opportunities for wider participation by Tanzanians in the sector.
This engagement aligns with the government’s vision to expand access to reliable energy, boost economic growth, and promote social development.
By attracting investment and fostering cooperation between public institutions and the private sector, Tanzania aims to ensure its energy projects are implemented on time, efficiently, and with maximum impact.
As the country continues to pursue ambitious energy targets, initiatives like this signal a proactive approach to mobilizing resources, strengthening partnerships, and ensuring that energy development contributes to Tanzania’s broader socio-economic transformation.