For the past several years, Tanzania focused on implementing making economic reforms, reinforcing leadership ethics and investing in human development. This saw the country crossing the threshold into lower middle income status, well ahead of time as this is an achievement that had been anticipated by the year 2025. The onus is now on the nation to maintain and grow this status as envisioned in the Tanzania Development Vision (TDV) 2025.
In Tanzania’s five year development plan which was recently approved by Parliament, the private sector has been put at the center of the economic agenda. This was said by Hon. Kitila Mkumbo, Minister of State in the President’s Office in charge of Investment while speaking with members of the CEO Roundtable of Tanzania (CEOrt). With the government committed to promoting the private sector, the sector is tasked with driving and managing increased growth as the country builds on its middle income status.