The Office of the Treasury Registrar (OTR) on Thursday, January 15, 2026 conducted a special seminar for the Parliamentary Public Investment Committee (PIC) in Dodoma, as part of efforts to strengthen parliamentary oversight of public investments.
The seminar was held under Parliament’s capacity-building framework aimed at enhancing committees’ understanding of the institutions they oversee, thereby enabling them to discharge their parliamentary duties effectively, professionally and in the broader national interest.
The engagement sought to provide PIC members with an in-depth understanding of the structure, mandate and strategic direction of the OTR in the management of government investments, alongside the presentation of the Long-Term Indicative Plan for the period 2026–2050.
Through this parliamentary framework, committees are afforded an opportunity to gain deeper insight into the roles, challenges and future plans of institutions under their oversight, a process that contributes to improved decision-making, supervision and parliamentary advisory functions.
In its presentations, the OTR outlined its historical establishment dating back to 1959, its legal foundation under the Treasury Registrar Act, Cap. 370, as well as the institutional and legal reforms undertaken to enhance its effectiveness in the current economic, commercial and administrative environment.
The committee was informed that the Office executes its core responsibilities across four key areas.
The areas include; holding and safeguarding government assets on behalf of the public; advising the government on investments and the management of public entities; overseeing the performance of public institutions and corporations; and managing restructuring and privatisation processes where necessary, in accordance with existing policies and laws.
It was further emphasised that a central mandate of the Office is to ensure that public entities contribute effectively to the Consolidated Fund through non-tax revenues, while progressively reducing reliance on subsidies from the Central Government.
In this context, the PIC was briefed on the improved organisational structure of the Office of the Treasury Registrar, adopted in 2023, which comprises nine Directorates and five Units.
The structure is designed to strengthen accountability, enhance operational efficiency, and respond to the growing number of public entities as well as evolving technological and economic dynamics.
A key highlight of the seminar was the presentation of the Office’s Long-Term Indicative Plan for the period 2026 to 2050.
Through this plan, the Office outlined its commitment to spearheading economic transformation by managing government investments from a long-term perspective anchored on productivity, accountability and sustainability, in line with the National Development Vision 2050.
Speaking during the seminar, Treasury Registrar Mr Nehemiah Mchechu called on the PIC to continue providing close and genuine cooperation to the Office in overseeing and guiding long-term reforms in public investment management.
He noted that the success of the Long-Term Indicative Plan and the envisaged reforms cannot be realised without strong oversight, policy guidance and sustained support from Parliament through the relevant committee.
Mr Mchechu underscored the importance of such cooperation in harmonising legal and institutional frameworks, strengthening corporate governance within boards and management of public entities, and creating an enabling environment that allows the Office to manage government investments on commercial, accountable and competitive principles.
He further observed that the PIC holds a unique position in ensuring continuity and stability of these reforms for the benefit of the nation.
On his part, the Treasury Registrar assured the committee that his office would continue to provide timely information, professional advice and close collaboration to enable PIC to effectively carry out its parliamentary mandate.
He pledged that the OTR would remain open and fully engaged with the committee on matters of monitoring, evaluation and oversight of public investments, including providing all necessary clarifications and information required in the execution of parliamentary responsibilities.
For his part, PIC Chairperson, Masanja Kadogosa, outlined his expectations to see the OTR implement its mandate effectively, delivering measurable results, particularly in improving the performance of public entities, increasing non-tax revenue, and reducing their reliance on government subsidies.
A key message from Mr Kadogosa, as well as other committee members, was a call for public entities to operate efficiently, thereby contributing to the GDP and improving the lives of citizens.
“We expect to see transparency, good governance, and accountability in the management of public investments,” he emphasized, adding, “As a committee, we are more than willing to support the Office of the Treasury Registrar in implementing reforms within public entities.”