A total of 213 public institutions and enterprises have paid dividends amounting to Tanzanian Shillings (TSh) 1.028 trillion to the Government as of June 9 in the current financial year ending June 30, 2025. This represents a 68% increase compared to the dividends paid in the previous financial year.

Speaking at the dividend handover ceremony held at State House in Dar es Salaam on June 10, 2025, and attended by President Samia Suluhu Hassan, Treasury Registrar Nehemia Mchechu announced that the increase is a result of President Samia’s 2024 directive, which called on public institutions to enhance accountability and efficiency in managing public resources.

Mchechu explained that the 213 institutions include commercially operated enterprises, companies in which the Government holds shares, and non-profit service-oriented institutions that contribute part of their gross revenue as dividends. However, out of all public institutions 57 had not yet submitted dividends as of June 9.

“The Treasury Registrar’s Office has collected TSh 1.028 trillion. This amount represents a 68 percent rise from last year’s figure, and it may increase further as it reflects data up to June 9 only. By the end of this month, the total may grow even more,” said Mchechu.

Twiga Minerals Corporation, a joint venture between the Government and Barrick Gold Corporation, has paid a TSh 93.6 billion dividend to the Government. The company received an award for being the top-performing entity in the category of institutions where the Government holds minority shares.

Twiga, in which the Government owns a 16 percent stake, is considered one of the outcomes of the 2017 mining laws reforms. During the ceremony, Mchechu mentioned that the Government is considering encouraging partners in the extractive sector to allow the state to hold 20 percent to 25 percent equity stakes, to increase national economic benefits.

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President Samia Suluhu Hassan commended the Government’s efforts in concluding negotiations that have increased the number of mining companies with Government shareholding from 4 companies in 2020 to 12 currently. She described this as a crucial step in ensuring that Tanzanians benefit from the country’s mineral resources.

“I urge the Treasury Registrar to oversee the completion of contract negotiations with all remaining mining companies, so the public can derive greater benefit from this sector,” President Samia emphasized.

President Samia also urged public institutions to safeguard and enhance Government investments in their operations to ensure they contribute effectively to the country’s development.

On his part, the Minister of State in the President’s Office for Planning and Investment, Prof. Kitila Mkumbo, noted that public institutions and enterprises play a critical role in addressing market failures in the national economy. 

He emphasized the need for continued efforts to strengthen the economic contribution of public enterprises, as is the case in developed countries.