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.