Value of public enterprises up by 22trn/- in 2024

By Guardian Correspondent , The Guardian
Published at 01:14 PM Oct 28 2024

Treasury Registrar, Nehemiah Mchechu
Photo: Guardian Correspondent
Treasury Registrar, Nehemiah Mchechu

The Director of Investments at the Office of the Registrar of Treasury, Lightness Mauki, has stated that the government’s investment in public enterprises in the country has reached 86trn/- in 2023 from 64trn/- recorded in 2023.

She urged leaders of public enterprises to encourage citizens to reap benefits from this investment.

She made these remarks while closing a training session for leaders of public institutions and organizations in the country, who participated in the 23rd Leadership Training at the Julius Nyerere Leadership School in Mfipa, Kibaha, Pwani Region, representing the Treasury Registrar, Nehemiah Mchechu.

Mauki emphasized that public institution leaders should understand that they are the catalysts for national transformation and achieving the country’s economic goals as the world changes and makes progress.

“It is essential that we, as revenue managers, prepare ourselves to ensure we effectively oversee this valuable investment to bring benefits to the citizens,” Mauki stated.

She outlined that this government investment is present across all sectors, including water, agriculture, mining, and financial markets.

Additionally, she called on public institution leaders to organize themselves to manage this significant investment in the country so that it benefits the nation.

She said the goals are to reduce the dependency of public enterprises on the government while challenge them to become catalysts for change in the institutions they oversee.

“We must align ourselves with the philosophy of President Samia Suluhu Hassan on transformation; thus, let us start changing now to bring positive results,” Mauki said.

The leaders have completed leadership and management training for public institutions, which lasted for five days.

“We rely on you to be catalysts for development in your institutions because each of you has received this valuable opportunity in important areas. Therefore, go and utilize the knowledge you gained here appropriately because we do not live on an island; let us move alongside economic changes and technology,” Mauki emphasized.

“Currently, we have seen technological changes, including artificial intelligence, so let us keep pace with these changes as our government has recognized that transformation is crucial in all sectors,” he added.

Earlier, welcoming the guest of honor, the Head of the Mwalimu Nyerere School, Professor Marcelina Chijoriga, stated that the graduates during their training also studied patriotism and emphasized that every Tanzanian should learn this subject along with national security, as leaders receive many projects and face various issues, making national security critical in building the economy.

“We have tried to inform them that they should have good relationships with stakeholders they work with, as it is possible to be an excellent Executive Director but many struggle when it comes to communication. It is our belief that after this training, they will be well-prepared to perform effectively in all areas.”

Professor Chijoriga noted that in that school they provide training for various leaders, and regarding public institutions, they aim to transform their leaders due to its importance. Many have seen that some organizations have failed while others are not performing well.

The Chairman of the Graduates, Simion Marwa, said that through this training, they have learned various practical tools for the benefit of the nation and the entire African continent, national defense, and unity. They have learned about the liberation movements and the strategies used to achieve liberation goals.

“We have learned how leadership and strategic management in economic and social reforms can enhance the efficiency of our institutions. To increase productivity and efficiency, strategic plans must be understood within the relevant time frames. When seeking opportunities, the national interest must come first.