Make better ways for private sector to grow, PM tells public institutions

By Guardian Reporter , The Guardian
Published at 06:00 AM Jul 25 2024
Prime Minister Kassim Majaliwa presents to Tanzania Private Sector Foundation chairperson Angelina Ngalula a copy of the 1992-2023 report on the contribution of the private sector to Tanzania’s economy shortly after launching it in Dar  on Tuesday.
Photo: PMO
Prime Minister Kassim Majaliwa presents to Tanzania Private Sector Foundation chairperson Angelina Ngalula a copy of the 1992-2023 report on the contribution of the private sector to Tanzania’s economy shortly after launching it in Dar on Tuesday.

MINISTRIES and public institutions have been urged to ensure that they receive and incorporate views from the private sector into revisions of business policies and laws to remove bureaucracy and improve business procedures.

Prime Minister Kassim Majaliwa made the call in Dar es Salaam on Tuesday when opening the Private Sector Week and the 25th anniversary of the Tanzania Private Sector Foundation (TPSF), the Prime Minister emphasized the crucial role of ministries that oversee industry, trade and investment in developing strategies to support small and medium-sized enterprises.

The Premier wanted relevant ministries to create a favourable environment for accessing affordable credit, training and market opportunities to facilitate the growth of SMEs, which are essential champions of the economy.

Majaliwa said despite some challenges, the government has invested heavily in improving the business environment through policy and regulatory reforms aimed at removing barriers hindering entrepreneurs and investors.

“These reforms include streamlining business registration, reducing bureaucracy, enhancing transparency, and promoting investment in key sectors such as agriculture, energy, infrastructure, tourism and manufacturing as well as establishing special economic zones,” he elaborated.

He further emphasized that in the sixth phase government has prioritized investments in transportation infrastructure, energy, water and telecommunications, critical for fostering a conducive business environment and attracting both domestic and foreign investments.

Jenista Mhagama, Minister of State in the Prime Minister’s Office (Policy, Coordination and Parliamentary Affairs) attributed recent successes in the business sector to President Samia Suluhu Hassan’s proactive measures in fostering collaboration with the private sector and bureaucracy.

Angelina Ngalula, TPSF chairperson commended the government for recognising the private sector as a key driver of economic growth.

“We are all ready and keen to work closely with the government to achieve our national development goals,” Angelina affirmed.

Ngalula also noted the growth of TPSF’s membership, which has expanded from 33 to over 500, encompassing associations of traders and large corporations.

Dar es Salaam Regional Commissioner, Albert Chalamila addressed the issue of arresting people who park their motor vehicles in unauthorized areas.

“This matter is so challenging because you cannot arrest some due to worn parking while you do not have the right parking areas, I have engaged the Tanzania Rural and Urban Roads Agency (TARURA) to see how we can find a solution,” Chalamila remarked.