The Treasury Registrar, Mr. Nehemia Mchechu, has announced that his office has collected a record TZS 1.028 trillion in dividends from public institutions and companies in which the government holds shares during the current financial year.

This represents a 68% increase compared to the previous year’s dividend collection of TZS 611 billion — a significant leap that Mr. Mchechu attributes to improved oversight, resource management, and strategic reforms in public institutions.

Speaking at the dividend and contribution handover ceremony held at the State House in Dar es Salaam, where the dividends were officially presented to President Samia Suluhu Hassan, Mr. Mchechu noted that the results are a clear sign of enhanced performance and accountability within state-linked entities.

“These achievements are the outcome of strengthened revenue monitoring and control systems, coupled with effective collaboration between the Treasury Registrar’s Office and the respective institutions,” said Mchechu.

The increased dividend collection aligns with a broader trend of growth in government investment and returns from state-owned assets. It also follows a sharp rise in capital investment, which reached TZS 86.29 trillion in 2024, up from TZS 65 trillion in 2020.

The government views these developments as essential in ensuring sustainable domestic revenue and funding for national development priorities.