The Tanzanian government has reaffirmed its commitment to supporting the private sector as a key driver of economic and social development.
Deputy Minister of Finance, Eng. Mshamu Ali Munde (MP), speaking on behalf of Finance Minister Ambassador Khamis Mussa Omar (MP), met with Serengeti Breweries (SBL) officials, led by Board Chairman Paul Makanza, to discuss strategies for strengthening investment, local production, and public-private collaboration.
Eng. Munde highlighted that a stable policy and regulatory environment is crucial for encouraging long-term private sector investment.
He noted that under the National Development Vision 2050, Tanzania aims to build a US$1 trillion economy, with about 70 percent of growth expected to come from private sector initiatives.
“Companies like Serengeti Breweries, through investments, use of local raw materials, and job creation, play a vital role in achieving this vision,” he said.
The Deputy Minister also acknowledged SBL’s contribution to government revenue and community development through corporate social responsibility programs, while promising to act on the company’s recommendations to enhance public-private partnerships and improve the business climate.
SBL CEO, Obinna Anyalebechi, said the company has invested over TZS 165 billion in operations and contributed more than TZS 220 billion to the national economy through taxes.
He added that the company supports over 600 farmers, provides more than 800 jobs, and impacts the livelihoods of over 140,000 people through its value chain, from farmers and distributors to retail and hospitality partners.
“Serengeti Breweries’ investments go beyond beverage production; they strengthen local industries, expand the tax base, support farmers, create jobs, and build resilient value chains,” he said.