{"id":107066,"date":"2024-03-18T19:39:25","date_gmt":"2024-03-18T19:39:25","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise"},"modified":"2024-03-18T20:04:57","modified_gmt":"2024-03-18T20:04:57","slug":"govt-to-strengthen-competitiveness-of-state-owned-enterprise","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise","title":{"rendered":"Govt to strengthen competitiveness of state-owned enterprise"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Tanzania. <\/strong><\/span><b>COAST REGION: <\/b>THE government is setting out strategies to strengthen the competitiveness of state-owned enterprises.<\/p>\n<p>This was said by Minister in President\u2019s Office (Planning and Investment) Professor Kitila Mkumbo when closing a meeting between the Treasury Registrar office and the Board of Directors of the companies which the government has minority shares at the Mwalimu Julius Nyerere Leadership School in Kibaha Town over the weekend.<\/p>\n<p>\u201cThe government intends to make state-owned enterprises operate as corporate institutions and be able to compete in the world market,\u201d he said.<\/p>\n<p>\u201cAt the moment, we are working to review policies for public companies and those where the government has minority shares, to have a Proper Legal Framework which will be more suitable in operating them. This will help in solving the tendency of rigidity, bureaucracy, and hierarchy, making competition difficult,\u201d he said.<\/p>\n<p>Prof Mkumbo said it was high time for the government-owned institutions to learn to be independent and in this he called for private companies to be ready to share their experiences with the public entities.<\/p>\n<p>\u201cPresident Samia Suluhu Hassan has great belief that both public entities and those which the government has minority shares have great responsibility in building the nation\u2019s economy and this will be possible if the two sides keep working closely together,\u201d he noted.<\/p>\n<p>Earlier, the Director of Administration and Human Resources from the Treasury Registrar Office, Mr Amon Nnko presented some of the suggestions reached during the meeting including conducting pretrainings for board members immediately after being appointed. In addition to that, there will also be annual strategic meetings as well as sectoral meetings as part of enhancing work efficiency.<\/p>\n<p>Opening the meeting last week, Chief Secretary, Dr Moses Kusiluka assured companies where the government owns minority shares that it will continue to value and support their contribution to the country\u2019s economy and development.<\/p>\n<p>Dr Kusiluka said that apart from enterprises that are wholly owned by the government, there are companies where the government owns less than 51 per cent stake.<\/p>\n<p>These entities, he said, have been instrumental and the government pays attention to their performance.<\/p>\n<p>\u201cBringing the Board of Directors and their Chief Executive Officers of the companies which the government has minority shares in one room with the Treasury Registrar is a good continuation in upholding the value of partnership and cooperation between the government and the investors. \u201cThis proves that Tanzania\u2019s development is a shared commitment for both public and private sector,\u201d he stated.<\/p>\n<p>He went on to say that the focus of the government is to create a favourable environment for the economy to grow for the benefit of the country at large.<\/p>\n<p>\u201cFor President Samia, this meeting, the one of its kind since we attained independence, does not only support her vision but will also act as a catalyst on how best private investments can work with the government for more positive outcomes,\u201d he added.<\/p>\n<p>Expounding, he said that the meeting was taking place during a period when President Samia and the sixth phase government mark three years in office.<\/p>\n<p>\u201cThroughout all this time, the president has been leading the country by using 4Rs philosophy, which represents Reconciliation, Resilience, Reforms and Rebuilding.<\/p>\n<p>\u201cBased on the 4Rs as presented by the president, we are delighted to see the Office of the Treasury Registrar supporting her with reforms and rebuilding. We have been following keenly the push for reforms around the State Owned Entities (SOEs) and all Public and Statutory Cooperations (PSCs) in the country. These reforms are paramount towards rebuilding our economy,\u201d he said.<\/p>\n<p>The government through the President\u2019s Office\u2013 (Planning and Investment) has submitted a Bill to the National Assembly to form the new Public Investment Authority (PIA)<\/p>\n<p>\u201cIn addition to that, through the Public Investment Authority, we expect to form a Public Investment Fund (PIF) which will cater for all capital requirements, where the government has shares and representation,\u201d he explained.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/tanzania\">Tanzania<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. COAST REGION: THE government is setting out strategies to strengthen the competitiveness of state-owned enterprises. This was said by Minister in President\u2019s Office (Planning and Investment) Professor Kitila Mkumbo when closing a meeting between the Treasury Registrar office and the Board of Directors of the companies which the government has minority shares [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":107065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[6990,6991,711],"class_list":["post-107066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Govt to strengthen competitiveness of state-owned enterprise - Tanzania<\/title>\n<meta name=\"description\" content=\"COAST REGION: THE government is setting out strategies to strengthen the competitiveness of state-owned enterpris ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to strengthen competitiveness of state-owned enterprise\" \/>\n<meta property=\"og:description\" content=\"COAST REGION: THE government is setting out strategies to strengthen the competitiveness of state-owned enterpris ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-18T19:39:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-18T20:04:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/03\/sm_1710779353.004572.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Govt to strengthen competitiveness of state-owned enterprise\",\"datePublished\":\"2024-03-18T19:39:25+00:00\",\"dateModified\":\"2024-03-18T20:04:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise\"},\"wordCount\":672,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/03\/sm_1710779353.004572.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/govt-to-strengthen-competitiveness-of-state-owned-enterprise\",\"name\":\"Govt to strengthen competitiveness of state-owned enterprise - 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