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

Discussion in 'Jukwaa la Siasa' started by nice 2, Oct 20, 2011.

  1. nice 2

    nice 2 JF-Expert Member

    Oct 20, 2011
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    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.
  2. U

    Uwezo Tunao JF-Expert Member

    Oct 20, 2011
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    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!!

  3. SOBY

    SOBY JF-Expert Member

    Oct 20, 2011
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  4. NewDawnTz

    NewDawnTz JF-Expert Member

    Oct 20, 2011
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    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