Arusha. The Government has called on directors of companies with minority public shareholding to ensure their leadership delivers measurable value to both the State and citizens, as the Minority Interest Forum 2026 (MIF 2026) concluded in Arusha.
Closing the three-day forum on March 18, 2026, the Deputy Minister in the President’s Office – Planning and Investment, Hon. Dr. Pius Chaya (MP), emphasized the need for a results-driven approach in managing companies where the Government holds minority stakes.
“The expectation is clear—every Minority Interest Company must generate measurable value for the Government and the citizens at large,” he said.
Dr. Chaya stressed that directors must go beyond routine oversight and ensure that each company contributes meaningfully to national development, warning that public investments cannot afford to underperform amid the country’s growing economic ambitions.
“Leadership decisions must be anchored in accountability and performance,” he added.
He further urged directors to safeguard public equity by not only protecting its value but also ensuring it is consistently enhanced. This includes taking deliberate measures to prevent dilution of Government shareholding and strengthening its strategic position within these companies.
Highlighting the broader significance of public investments, Dr. Chaya noted:
“Government investments are not merely shares in companies; they are shares in the future of our Nation.”
He added: “Our collective responsibility is to ensure that these companies become strong engines of growth, innovation, and prosperity for Tanzania.”
Dr. Chaya also reminded directors that their responsibilities extend beyond corporate governance to stewardship of national interests.
“As Directors, you are entrusted not only with corporate oversight, but with the stewardship of national investments. The decisions you make must create value for the people,” he said.
The forum, which brought together directors, chief executives, policymakers, and experts, provided a platform to reflect on governance challenges and align strategies to improve the performance of Minority Interest Companies.
Dr. Chaya urged participants to translate discussions into concrete actions.
“Let this Forum not be remembered merely as a gathering of stakeholders, but as the moment we collectively committed ourselves to unlocking the full strategic value of Tanzania’s investments in Minority Interest Companies,” he said.
Earlier, Treasury Registrar Mr. Nehemiah Mchechu underscored the importance of strategic discipline and accountability in managing government minority interests, noting that the forum plays a critical role in strengthening leadership effectiveness and corporate governance.
“We remain committed to ensuring that companies with Government minority shareholding operate efficiently, deliver sustainable returns, and contribute meaningfully to the country’s long-term development agenda,” he said.
Mr. Mchechu added that such engagements equip directors and executives with the insights needed to navigate emerging challenges, embrace innovation, and align their strategies with national priorities.
The Minority Interest Forum 2026 was organized by the Office of the Treasury Registrar as part of ongoing efforts to enhance oversight, governance, and performance of companies in which the Government holds minority shares.
Airtel Tanzania Board Chair Mr. Eliud Sanga commended the initiative, describing the forum as a catalyst for improving operations in minority interest companies.
“We use this forum as a platform for the exchange of ideas, experience, and expertise,” he said.
Similarly, the Chairperson of Tanzania Pharmaceutical Industries, Dr. Mosses Mwizarubi, highlighted the strategic importance of entities under the Office of the Treasury Registrar.
“These entities are key to helping Tanzania attain a $1 trillion economy by 2050. With forums like this organised by the OTR, they will be in an even stronger position,” he noted.
Mr. Godfrey Kitundu, a Board Director at ALAF Tanzania, echoed the sentiment, describing the forum as a vital platform for boosting productivity.
“The Minority Interest Forum is an important tool for increasing the productivity of entities under the watch of the OTR,” he said.
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