President John Magufuli chaired the 11th National Business Council (TNBC) meeting on Monday (19.03.18) at the State House in Dar es Salaam.
Among the top the agendas; ‘an industrialised Tanzania enjoying middle income status.’
The State House hosting of the meeting is a clear indication of the government’s commitment to work with the private sector, to understand and remedy their queries and to also receive advice and suggestions.
This was the second TNBC meeting that the President, who is also the council’s co-chairman, chaired, a goodwill gesture to the private sector and a chance to motivate industrial development led by Public Private Partnership (PPP).
Discussions focused on improving the business environment as part and parcel of accelerating the country’s industrialization initiative
Ahead of the meeting, Executive Secretary Eng Raymond Mbilinyi said the meeting is meant to ‘provide solutions for long-term competitiveness and transformation of the country’s economy.’
“There is no secret that the last meeting under his chairmanship recorded a lot of achievements,” Eng Mbilinyi said.
It was highlighted that over 3,500 new production plants of various products have been established since the fifth phase administration came into power.
The core purpose of the meeting is to ‘give the private sector an opportunity to engage the government on strategic prioritization of economic development issues and to air their recommendations on sound policies that will ferry transformation of the economy.’
Funding the ambitious industrialization plans for just the 2016/17 through to the 2020/21 financial years, requires some Tsh 107 Trillion and to raise that amount requires Public Private Partnership, as outlined in the government’s second Five-Year Development Plan (FYDP-2).
The Tanzania National Business Council (TNBC) was established back in 2001 by the then President Benjamin Mkapa. The purpose of the council is to bring to together under one roof the public and the private sector to engage in dialogue on how best to improve Tanzania’s business environment.
The council comprises of equal members from both public and private sectors.
The purpose of dialogue is to reach consensus and mutual understanding on strategic issues relating to the efficient management of resources in the promotion of social economic development in Tanzania. Similarly, Zanzibar Business Council (ZBC) was established and launched in October 2005.
Over the last two decades or so, the council has been providing forums for private sector to engage with the government at regional and district levels through Regional Business Councils (RBCs) under the leadership of Regional Commissioners and District Business Councils (DBC) under District Commissioners.
“These forums provide opportunities for the private sector at the grassroots to engage with the government on matters pertaining to business environment and investment opportunities in their localities by promoting local economic development solutions,” media quoted Eng Mbilinyi.