msemakweli
JF-Expert Member
- Feb 20, 2014
- 1,627
- 880
National champions are large-scale companies that are deemed competitive in national, regional, or international markets and are owned either by the state or predominantly by Tanzanian citizens. We need, as a country, to establish national champions and help those already showing signs of becoming one grow even bigger, and help foster effective collaboration between the public and the private sectors.
Nurturing such companies will not be easy, as it will require some long-term strategic choices, embedded in comprehensive industrial policies and local content programmes. Such companies could include Air Tanzania, TTCL, TPDC, TANESCO, TANGEN, CRDB bank, NMB bank, Azam, Azania, Tanzania Breweries, Tanzania Cement et cetera.
Through this strategy, countries like China, Russia and South Korea have managed to record remarkable economic gains. Tanzanian start ups need to be enabled by removing the difficult conditions in which they are operating (the lack of infrastructure, high energy costs, access to finance etc.). These national champions will lead in creating employment opportunities for the country's youth.
Bigger companies not only provide mass employment (in some countries almost half of all private sector jobs are provided by them), but also tend to be more productive, invest more in research and development, and export more. A lack of larger firms generally means fewer jobs, and a less resilient economy.
Nawasilisha
Nurturing such companies will not be easy, as it will require some long-term strategic choices, embedded in comprehensive industrial policies and local content programmes. Such companies could include Air Tanzania, TTCL, TPDC, TANESCO, TANGEN, CRDB bank, NMB bank, Azam, Azania, Tanzania Breweries, Tanzania Cement et cetera.
Through this strategy, countries like China, Russia and South Korea have managed to record remarkable economic gains. Tanzanian start ups need to be enabled by removing the difficult conditions in which they are operating (the lack of infrastructure, high energy costs, access to finance etc.). These national champions will lead in creating employment opportunities for the country's youth.
Bigger companies not only provide mass employment (in some countries almost half of all private sector jobs are provided by them), but also tend to be more productive, invest more in research and development, and export more. A lack of larger firms generally means fewer jobs, and a less resilient economy.
Nawasilisha