Public Enterprises in Tanzania: Challenges and Prospects Comments by Zitto Kabwe, CEOs Roundtable

[nice 2]

Ownership and management of Government interests in private companies
As stated earlier, the government has interests in a number of private companies.
It owns 50% of BP (T) limited, 40% of Airtel (which is still registered as Celtel
Tanzania Ltd), 29% of East African Cables, 25% of Mbeya Cement Ltd and 25% of
Kilombero Sugar to mention just a few. These shares are badly managed by the
Ministry of Finance and hence a radical proposal is needed. A National
Investments Agency must be established to own and oversee government
interests in private companies with a mandate to invest and divest. Currently all
government interests are owned by Treasury Registrar. This office has proved to
be as incompetent as the Ministry of Finance itself and is actually overwhelmed as
it owns all Parastatals. Countries like Singapore with Temasak and Malaysia with
Khazana have been very successful in managing government shares in private
companies. My proposal would have been to transform Consolidated Holdings
Corporation into a State Investment Agency to own and manage government
interests in private companies.

 

[Uwezo Tunao]

That sounds good enough an idea in the right direction; BUT ONLY under your capacity as an overseer parliamentary apparatus and NOT the nails-and-hammer carpenter in the streets!!

Ownership and management of Government interests in private companies

As stated earlier, the government has interests in a number of private companies. It owns 50% of BP (T) limited, 40% of Airtel (which is still registered as Celtel Tanzania Ltd), 29% of East African Cables, 25% of Mbeya Cement Ltd and 25% of
Kilombero Sugar to mention just a few.

These shares are badly managed by the Ministry of Finance and hence a radical proposal is needed. A National Investments Agency must be established to own and oversee government interests in private companies with a mandate to invest and divest.

Currently all government interests are owned by Treasury Registrar. This office has proved to be as incompetent as the Ministry of Finance itself and is actually overwhelmed as it owns all Parastatals.

Countries like Singapore with Temasak and Malaysia with Khazana have been very successful in managing government shares in private companies.

My proposal would have been to transform Consolidated Holdings Corporation into a State Investment Agency to own and manage government interests in private companies.

 

[SOBY]

Another RM935 Million Khazanah Fiasco: Time For MACC Or Royal Commission

 

[NewDawnTz]

Kwa Tanzania yangu hata hiyo CHC ikibadilishwa jina na sheria ya uanzishwaji na majukumu na makorokoro mengine bado kuna hatari mambo yatakuwa yaleyale....Oooh, TAKURU imeshidnwa tuibadili iwe TAKUKURU itashughulikia rushwa, aaaah, wapi ni majina tu and business as usual

Kwa mijitu hii tuliyonayo, itakuwa ni msitu mpya nyani wale wale