DAR ES SALAAM: PRESIDENT Samia Suluhu Hassan has received an award in recognition of her leadership in transforming public institutions, resulting in higher capital growth, profitability and government dividend contributions.
The award was presented yesterday by Treasury Registrar Nehemiah Mchechu and the Minister of State in the President’s Office for Planning and Investment, Professor Kitila Mkumbo, on behalf of public institutions during the Gawio Day ceremony at the State House in Dar es Salaam.
Explaining the reasons behind the award, Mr Mchechu said President Samia has overseen significant growth in the capital base of public institutions since assuming office, with their value rising from 67tri/- to 92tri/ He said profitability has also improved, supported by a conducive business environment, strong leadership and cooperation among the country’s arms of government in driving economic growth.
Mr Mchechu said public institutions recorded profits of 637bn/- when President Samia took office. Today, they contribute 1.327tri/- in dividends to the government, while total profits have climbed to 1.811tri/-, nearly three times higher.
He added that the banking sector has also posted remarkable growth, with profits increasing from 666bn/- to 2.5tri/- in the financial year that has just ended, while the non-performing loan ratio has fallen from between 8 and 9 per cent to 2.8 per cent. He also cited major reforms in key sectors, including education and health.
During the ceremony, several public institutions and companies were recognised for their outstanding dividend contributions.
Among commercial companies that pay dividends to shareholders, including the government, Twiga Minerals Corporation (TMC) emerged as the top contributor after paying 221.9bn/-, followed by National Microfinance Bank (NMB) with 96.9bn/- and Airtel Tanzania Plc with 65.4bn/-.
Among institutions that remit dividends from gross revenue to the Consolidated Fund, Tanzania Ports Authority (TPA) ranked first with 205.5bn/-, followed by the National Identification Authority (NIDA) with 61bn/- and the Tanzania Communications Regulatory Authority (TCRA) with 42.8bn/-.
Mr Mchechu also announced the institutions that recorded the biggest increase in contributions compared to last year. They include Tanzania Railways Corporation (TRC), which increased its contribution to 11.09bn/- from 700m/-, Tanzania Investment Promotion Authority (TIPA), which raised its contribution to 15bn/- from 6bn/-, and the Tanzania Bureau of Standards (TBS), which increased its contribution to 15.1bn/- from 7.3bn/-.
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Recognition was also given to institutions that have consistently remitted dividends on time and at the required levels over the past seven years. TPA has contributed an average of 24bn/- annually between 2019/20 and 2025/26, Tanzania Forest Services Agency (TFS) an average of 23.5bn/- and the Business Registrations and Licensing Agency (BRELA) an average of 15.6bn/-.
The event also honoured institutions that have undergone major reforms and started paying dividends to the government. Tanzania Telecommunications Corporation (TTCL) was recognised after recovering from three consecutive years of losses between 2020/21 and 2023/24 to post a profit of 22.9bn/- this year and pay a dividend of 1.6bn/-. The Bank of Tanzania (BoT) also received special recognition for its exceptional contribution to the Consolidated Fund after remitting 320bn/- during the current financial year.