The contribution of companies in which the government holds minority shares to the national treasury has surged more than fourfold in the past five years, signalling improved performance and stronger oversight of public investments.
Minister of Finance, Khamis Mussa Omar, said the companies’ contribution to the government’s Consolidated Fund through the Office of the Treasury Registrar increased from Sh58.26 billion in 2020 to Sh266.52 billion in 2024.
The minister revealed the figures while speaking at the Annual Forum for Board Directors of companies in which the government holds minority shares, held at the headquarters of the Pan African Postal Union in Arusha.
He said the rise represents a 357 percent increase within five years, attributing the growth to reforms and strengthened supervision carried out by the Treasury Registrar’s office.
“These achievements are commendable and reflect the efforts undertaken through the Office of the Treasury Registrar to ensure that government investments are productive and beneficial to the national economy,” Mr Omar said.
He noted that companies in which the government holds minority stakes currently account for about 18 percent of the 308 institutions under the supervision of the Treasury Registrar.
According to the minister, the total value of government investment in these firms reached Sh3.6 trillion by the 2024/25 financial year, with Sh1.94 trillion representing domestic investments.
Mr Omar urged the Treasury Registrar’s office to continue strengthening supervision of public investments to ensure they generate profits and contribute to economic growth.
He also commended reforms implemented in public institutions under the leadership of the Treasury Registrar, saying they have strengthened good governance, accountability and operational efficiency.
The reforms, he added, have contributed significantly to the historic increase in non-tax revenue remitted to the government in the 2024/25 financial year.
Mr Omar said the forum for companies in which the government holds minority shares has become an important platform for strengthening collaboration between the public and private sectors.
He also thanked strategic partners and sponsors who supported the event, including NMB Bank, which served as the main sponsor.
Speaking about the country’s long-term development agenda, the minister said Tanzania Development Vision 2050 provides a strategic policy direction for the country’s development over the next 25 years.
He stressed that achieving the vision will require close collaboration between the public and private sectors so that national priorities are translated into real economic results.
On his part, Treasury Registrar Nehemiah Mchechu said the forum provides an opportunity for board members and executives to exchange experience and knowledge on key issues affecting corporate governance and economic competitiveness.
Mr Mchechu said discussions during the meeting cover areas such as innovation in a rapidly changing global environment, economic intelligence and competitiveness, building institutional resilience, and preparing the mining sector for future challenges.
Other topics include the role of minority shareholding companies in the implementation of Vision 2050 and strategies for ensuring long-term value creation.
The three-day forum, held under the theme “From Routine Oversight to Strategic Leadership that Looks Ahead,” runs from March 16 to 18, 2026, in Arusha.
