Browsing: Parastatals in Tanzania

• Tanzania to sell government shares in parastatals to public.
• President Samia decries loss-making parastatals, announces reforms.
• The private sector is eager to learn which parastatals will sell shares.

Tanzanian government is taking bold steps to inject new life into its ailing parastatals by opening their doors to private sector investment. This strategic shift marks a departure from the government’s previous stronghold over these enterprises, aiming to rejuvenate their operations and stimulate economic growth.

President Samia Suluhu Hassan’s executive order to sell shares in public parastatals signals a transformative move towards reviving entities that have struggled to remain competitive.

The motivation behind the decision extends beyond economic growth—it echoes the vision of Tanzania’s founder, Mwalimu Julius Nyerere, who envisioned these enterprises as assets owned by the people and the private sector.

Unleashing the Tanzania parastatals’ potential

By transferring ownership to the private sector, the government aims to foster public authority and …