By Business Insider Correspondent Benny Mwaipaja
The Tanzanian government has reaffirmed the critical role of the private sector in driving economic growth, as it intensifies efforts to build a $1 trillion economy by 2050 under the country’s long-term development strategy.
Speaking in Dar es Salaam, the Deputy Minister for Finance, Mshamu Ali Munde, said the government highly values the contribution of private companies to the country’s economic and social development.
Munde made the remarks while meeting a delegation from Serengeti Breweries Limited (SBL) led by board chairman Paul Makanza. He represented the Minister for Finance, Khamis Mussa Omar, during the discussions.
The talks focused on the importance of maintaining stable and predictable fiscal and regulatory policies to encourage long-term private sector investment, strengthen domestic production capacity and expand the use of locally sourced raw materials.
Munde said such collaboration between government and industry is essential to unlocking inclusive and sustainable economic growth.
“The private sector plays a central role in the transformation of Tanzania’s economy,” he said, noting that under the Tanzania Development Vision 2050 the government aims to build a US$1 trillion economy by mid-century, with about 70 percent of the growth expected to be driven by private sector activity.
“Companies such as Serengeti Breweries, through their investments in manufacturing, use of local raw materials and job creation, are key partners in achieving this vision,” Munde added.
Industry contribution
The deputy minister commended SBL for its economic contribution through tax payments and community development initiatives carried out under its corporate social responsibility programmes.
He also reaffirmed the government’s commitment to maintaining a business-friendly environment and said authorities would review proposals submitted by the company to further strengthen public-private collaboration.
Such cooperation, he said, would help improve the investment climate and support broader economic development.
Investment and tax contribution
For its part, the managing director of Serengeti Breweries Limited, Obinna Anyalebechi, said the company remains one of Tanzania’s leading manufacturers and a major contributor to government revenues.
Anyalebechi said SBL has invested more than TSh 165 billion in its operations in Tanzania and has contributed over TSh 220 billion to the national economy through tax payments.
Beyond tax revenue, the company has also played a role in expanding local value chains, particularly by sourcing agricultural raw materials from more than 600 farmers across the country.
The brewer directly and indirectly supports more than 800 jobs and sustains the livelihoods of over 140,000 people across its value chain – including farmers, distributors, retailers and hospitality sector partners.
“Serengeti Breweries is deeply embedded in Tanzania’s growth journey,” Anyalebechi said. “Our investments go beyond beverage production to strengthening local industry, expanding the tax base, supporting farmers, creating jobs and building resilient domestic value chains.” Analysts say such partnerships between government and major manufacturers will be central to Tanzania’s ambition to accelerate industrialisation, broaden its tax base and deepen private sector participation in economic growth.
