Dar es Salaam – The Tanzania Private Sector Foundation (TPSF) has appointed Mr Deogratious Massawe as its Acting Chief Executive Officer, following the termination of the former CEO contract on grounds of misconduct. The change was formalised in a press statement issued on January 8, 2026.

Mr Massawe, who previously served as the federation’s Director of Finance and Operations, stepped into the role effective December 29, 2025. His appointment follows a decision by the TPSF’s Governing Council to dismiss the former CEO after a forensic audit that was initiated late last year.

According to the statement from Interim President, Ms Angelina Ngalula, the council suspended its CEO on October 3, 2025, citing “concerns relating to governance and internal processes.” The subsequent audit report and its recommendations led to the termination of his employment.

In the statement, the TPSF assured stakeholders that its “strategic priorities and service delivery remain unchanged” and reaffirmed its commitment to “the principles of good governance, accountability, transparency, and integrity.”

Mr Massawe is a seasoned financial economist and policy specialist, holding qualifications as a Certified Public Accountant (CPA) and an MBA in Accountancy. His appointment is seen as a move to ensure stability and continuity at the organisation, which serves as the primary advocacy body for the private sector in Tanzania.

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TPSF is a key partner to the government, representing the interests of the business community in policy discussions and promoting a conducive environment for investment and economic growth. The organisation provides a platform for public-private dialogue, most notably through the Tanzania National Business Council (TNBC).