Tanzania Ponders Public-Private Dialogue to Grow Economy

Tanzania President, John Pombe Magufuli

Tanzania Ponders Public-Private Dialogue to Grow Economy

Tanzania government is in talks with the World Bank on how to bring in private sector to contribute to the nation’s economy.

Meanwhile, the World Bank has expressed willingness to offer training assistance to the country’s economy stakeholders on the importance of public-private sector dialogue in enhancing economic growth.

The Bretton Wood institution and the Tanzania National Business Council (TNBC) had a workshop on the importance of public-private sectors collaboration in national building.

The World Bank’s Country Director, Ms Bella Bird, said such collaborations are good for the country to  operate effectively.

“Regular meetings at ministerial level are crucial for issues concerning the private sector; concerns raised by the private sector should guide the government to improve investment and business environment for the sector,” she remarked.

The Executive Director of Tanzania Private Sector Foundation (TPSF), Mr Geoffrey Simbeye  pointed out at what he described as “a vacuum in execution of changes introduced in various policies and legislation.”

The TNBC’s Director for Business Environment, Mr Arthur Mtafya, said that it was the role of the council to bridge the gap between the private and public sectors to enable the country attain middle-income economy.

“We are glad that officials from the World Bank have enlightened us on the importance of the dialogues, through such forums we are in the position to clearly understand concerns by the business community,” the official stated.

On his part, Deputy Director for Business Environment in Prime Minister’s Office, Mr Christopher Mramba, pointed out that President John Magufuli was an exemplary leader who treasures dialogues towards development.

The official said the dialogues are crucial to build trust between the government and the business community, noting that the government will reap more revenues if the private sector operates in a conducive environment.