ARUSHA-The Treasury Registrar, Mr Nehemiah Mchechu, has called on board directors and Chief Executive Officers in which the government holds minority shares to move away from routine management and adopt forward-looking strategic leadership.
The call was made during the three-day Minority Interest Directors Forum (MIF 2026) held in Arusha, starting Monday, March 16, 2026 and graced by the Minister for Finance, Hon. Amb. Khamis Mussa Omar.
Speaking at the forum, Mr Mchechu said these changes are essential for companies to keep pace with rapid economic and technological shifts while fully leveraging emerging opportunities.
He emphasized that institutions that foster a culture of innovation, forward thinking, and swift decision-making are more likely to succeed and contribute effectively toward achieving the objectives of Dira 2050.
Mr Mchechu noted that the forum, now in its third year since its inception in 2024, has become a vital platform for company leaders to discuss good governance, performance, and their contributions to Tanzania’s economic transformation.
He added that this year’s theme, “From Oversight to Foresight: Advancing Agile and Innovative Leadership under Transformation Pressures,” underscores the need for boards and senior leaders to move beyond routine management and develop leadership capable of anticipating challenges and opportunities.
“In today’s rapidly changing economic and technological world, leadership can no longer focus solely on managing the status quo; it must look ahead and prepare for the future,” he said.
He reiterated that institutions promoting forward thinking, innovation, and swift decision-making are better positioned to thrive and advance Dira 2050’s goals.
Mr Mchechu also highlighted that government investment in companies with minority shares has increased from Sh821 billion to Sh3.6 trillion, while dividend contributions rose from Sh58 billion to Sh266 billion, representing a 357 percent increase over five years.
MIF 2026 brought together more than 200 directors, senior executives, policymakers, and experts from within and outside Tanzania to discuss strategies for improving performance and governance of these companies, enabling them to contribute effectively to the country’s long-term economic development.