DAR-The government has announced that the Board Chairpersons and Chief Executive Officers Forum for companies in which it holds minority shares (Minority Interests Forum-MIF 2026) will serve as a strategic platform to deliberate on ways to accelerate Tanzania’s journey towards achieving upper-middle-income status by 2050.
The forum, organized by the Office of the Treasury Registrar (OTR), will take place from March 16 to 18, 2026 at the PAPU Hall in Arusha, and is expected to bring together between 150 and 200 Board Chairpersons and Chief Executive Officers from 56 companies in which it holds minority shares — that is, less than 51 percent ownership.
Speaking at a press conference held in Dar es Salaam on February 24, 2026, the Director of Performance Management, Monitoring and Evaluation – Commercial Entities, Ms. Lightness Mauki, said Tanzania’s journey to upper-middle-income status is not accidental, but the result of strategic decisions, sound management, and forward-looking leadership.
“We will discuss how to address economic and technological changes in order to achieve the upper-middle-income goal within the next 24 years, as outlined in Vision 2050,” she said.
She explained that this year’s theme-From Oversight to Foresight: Advancing Agile and Innovative Leadership under Transformation Pressures-seeks to promote a shift in mindset from conventional performance monitoring to innovative and forward-looking leadership that anticipates risks and strategically leverages opportunities in a rapidly changing economic, technological and geopolitical environment.
Tanzania has set a strategic target to grow its economy from approximately US$85 billion to US$1 trillion by 2050 through the implementation of Dira 2050, which aims to build a competitive, inclusive upper-middle-income economy.
Ms. Mauki emphasized that achieving this goal requires moving away from routine management practices and strengthening collaboration between the public and private sectors.
“We need management that goes beyond business as usual, and we must work closely with the private sector,” she said.
She further stressed the importance of safeguarding the country’s resources and borders to ensure that investments generate real value for the nation.
“We must jealously safeguard our country’s resources and borders,” she added.
Ms Mauki noted that the OTR will continue ensuring that all investments in companies where the government holds minority shares are productive, deliver expected results, and contribute to bringing Tanzania closer to upper-middle-income status.
Through the forum, company leaders will discuss alignment of their institutional strategies with Dira 2050, the use of technology to enhance transparency and accountability, as well as economic and competitiveness analysis to improve investment decision-making.
Over the past four years, these companies have continued to make a significant contribution to the national economy by increasing government revenue through taxes and dividends, creating jobs, and stimulating growth in key strategic sectors.
Official data indicate substantial achievements during this period.
The value of government investment in these companies increased from Sh821.51 billion in 2020 to Sh1.94 trillion in 2024, representing a 136 percent increase.
Gross revenue rose from Sh6.81 trillion to Sh10.74 trillion, equivalent to a 58 percent increase, while profits grew from Sh1.79 trillion to Sh1.95 trillion.
Between 2020 and 2024, the companies contributed approximately Sh3.67 trillion in corporate income tax.
Dividends paid to the government increased from Sh58.26 billion to Sh266.52 billion, representing a 357 percent rise.
According to Ms Mauki, these achievements demonstrate that the current trajectory is sound, but there remains a responsibility to accelerate momentum, innovation, and efficiency in corporate leadership to ensure Tanzania achieves its 2050 economic goals.
“As we move towards 2050, we need strong, forward-looking leadership that takes early action. This is not the time to wait for results; it is time to create them,” she concluded.