In a remarkable achievement, Tanzania Communications Regulatory Authority (TCRA) has emerged as the foremost Government institution among a select group of Government entities recognised for their outstanding contributions to the national treasury up to June 2023.

This prestigious accolade, acknowledging TCRA's remarkable fiscal input, was bestowed by Her Excellency Dr. Samia Suluhu Hassan, President of the United Republic of Tanzania. Dr. Jabiri Bakari, the Director-General of TCRA, graciously received this prestigious recognition certificate alongside Mr. Khalfan Salehe, Vice Chairman of TCRA's Board of Directors. The significant event unfolded at the AICC conference center in Arusha on August 19, 2023, where Chief Executive Officers and Board Chairpersons convened for a working meeting with the Treasury Registrar.

During this momentous occasion, President Hassan presented certificates of commendation to various government institutions, including parastatals, government agencies, and regulatory authorities, commending their invaluable financial contributions to the national treasury. According to Treasury Registrar, Mr. Nehemiah Mchechu, TCRA made a remarkable contribution of 272.4 billion Tanzanian Shillings to the government's coffers.

President Samia commended the recognized institutions for their valuable contributions to the national economy. She also urged a fundamental change in the management of all other Government-owned entities, emphasizing the need to minimize or eliminate their dependence on central Government funding for sustainability.

"Government-owned institutions should contribute by generating dividends for the government. However, we must eliminate political interference on these organizations if we want them to truly thrive," guided the President.

"If an organization provides services, it should deliver tangible results. If it's a business entity, it should manufacture tangible goods. And if it's a Government agency, it should genuinely represent the Government in its designated areas," she added.

President Samia highlighted that Government institutions currently account for 17% of the country's employment opportunities and affirmed the Government's commitment to preserving these jobs, even during a period of significant reforms within these organizations. "No one will lose their job," assured the President.

President Samia also disclosed that the Government is in the process of amending the law to transform the Treasury Registrar's Office into a Public Capital Investment Authority. She concluded her address by stating, "The Government acknowledges that certain institutions are performing exceptionally well, making significant contributions to the national treasury and delivering exemplary services.

Today, we honor and commend these institutions by categorizing them into five distinct groups: those providing dividends from public institutions, those yielding dividends with minimal Government shares, those generating substantial profits, those contributing 15%, and those that have undergone substantial operational and managerial reforms."

In his address to the President and attendees, Treasury Registrar Mr. Nehemiah Mchechu underscored that the Treasury Registrar's Office oversees 248 institutions in which the Government holds over 51% of shares. He noted that the office is entrusted with implementing these institutions' strategies, including significant transformations such as mergers and consolidations.

The seminar deliberated on how these institutions can stimulate economic growth in the nation while reducing reliance on Government financial support. He emphasized the paramount importance of Government institutions aligning with the Sustainable Development Goals (SDGs) by 2050. He pointed out that the non-tax contributions from Government institutions, including dividends, profits, and collections, currently stand at approximately 3%, underscoring the commitment of the Treasury Registrar's Office to achieving the Government's target of these institutions contributing 10% of non-tax revenues within the next five years, as directed by President Samia. Government institution CEOs, together with Board Chairs, convened for a three-day seminar in Arusha, chaired by the Treasurer Registrar, to discuss matters relevant to the contribution of public enterprises to the national economic growth.