The The government has declared that Public-Private Partnerships (PPPs) will be crucial for executing the forthcoming National Development Vision 2050. This initiative seeks to transform Tanzania into a higher-middle income economy.

As part of Vision 2050, the anticipated contribution of the private sector to the Gross Domestic Product (GDP) is set to hit 700 billion USD, while the overall national GDP is forecasted to soar to 1 trillion USD—a substantial increase compared to the present value of 38 billion USD.

This new approach also seeks to elevate the quality of life for citizens, encourage lasting economic development, support effective governance, and increase women’s involvement in social, economic, and political spheres.

Yesterday, at a nationwide panel discussion held in Mwanza about the impact of Public-Private Partnerships on the nation’s developmental trajectory, Deputy Minister for Planning and Investment, Mr Stanslaus Nyongo, highlighted the significance of involving the private sector in this process.

"When formulating Vision 2050, the focus has been placed on the private sector via Public-Private Partnerships to guarantee that developmental objectives are met. Achieving this ambitious vision requires us to adopt a grand perspective and welcome a fresh way of thinking," stated Mr. Nyongo. The execution of Vision 2050 is set to commence during the 2025/2026 financial year.

Mr. Nyongo stated that Public-Private Partnerships (PPPs) will play a crucial role in fostering investments in essential socio-economic infrastructure. This includes significant areas such as transportation and energy sectors, along with social services including healthcare. Additionally, these partnerships aim to promote technological advancements to enhance local manufacturing capabilities.

He emphasized that we need to manufacture products on a large scale to cater to both local and global markets.

He highlighted the reciprocal advantages of Public-Private Partnerships, pointing out that these collaborations allow both government and business entities to work together towards common objectives like enhancing transportation services while also achieving financial gains for all parties involved.

Mr. Nyongo additionally encouraged participants during the panel discussion to investigate methods for attracting more private capital, technology, and innovation, while reinforcing the position of small and medium-sized enterprises (SMEs) across all stages of the public-private partnership (PPP) process.

In anticipation for 2050, Mr Nyongo mentioned that the nation’s populace could expand to approximately 140 million people. This projection comes alongside an anticipated rise in individual earnings ranging from $4,700 to $8,000 each year, marking a significant jump compared to today where the count exceeds 61 million individuals with a yearly per person income of around $1,250.

He urged the private sector to capitalize on new economic prospects and create partnerships with the government, which continues to be dedicated to nurturing an equitable and competitive environment for investments.

Mr. Nyongo looked back at the advancement of Vision 2025 and conveyed his contentment regarding the nation’s attainment of lower-middle-income status. This accomplishment stems from persistent endeavors in enhancing agriculture through modernization, boosting industry, constructing new infrastructures, and embracing technological innovations.

Previously, Mr. David Kafulila, who leads the Public-Private Partnership Centre (PPPC) as its Executive Director, emphasized that PPPs represent a viable approach for funding key developmental initiatives, simultaneously decreasing reliance on external financial assistance.

He mentioned that Public-Private Partnerships allow the government to access advanced technology and enhance management effectiveness within various organizations. Mr. Kafulila pointed out nations like China, India, France, and Vietnam as positive instances of development driven by PPPs, noting that Tanzania also holds similar promise.

He stated that PPPs fall into two categories: large-scale projects (those exceeding $20 million USD) and small-scale projects (below $20 million USD). He also mentioned that the Mwanza panel was focused on increasing public understanding regarding the importance of PPPs in achieving Vision 2050.

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