President Samia to receive dividend from state owned enterprises
What you need to know:
- The Treasury Registrar, Mr Nehemiah Mchechu, says the government’s non-tax revenue collections for the 2024/25 financial year could reach a historic Sh1 trillion, pending final ta
Dar es Salaam. President Samia Suluhu Hassan is on June 10, expected to receive what could be a record-breaking sum in dividends and financial contributions from public institutions and companies in which the government holds shares.
According to the Treasury Registrar, Mr Nehemiah Mchechu, the government’s non-tax revenue collections for the 2024/25 financial year could reach a historic Sh1 trillion, pending final tallies.
As of last week, some Sh900 billion had already been collected from approximately 200 institutions and companies under the oversight of the Treasury Registrar.
“We believe we will surpass the 200-institution mark by the end of the week. Our target is to reach Sh1 trillion,” Mr Mchechu said during a meeting with editors in Dar es Salaam.
He attributed the sharp rise in collections to enhanced operational efficiency and wide-ranging governance reforms within public entities.
This marks a significant increase from the previous financial year, during which the government collected Sh767.1 billion in non-tax revenue, encompassing dividends, the mandatory 15 percent contribution from gross revenues, and other statutory levies.
As of June 2, collections for the current financial year had already approached Sh900 billion, suggesting a strong upward trajectory.
Tanzania’s public investment portfolio—valued at Sh86.3 trillion and spread across 308 institutions—continues to form a critical pillar of domestic revenue mobilisation. Mr Mchechu emphasised that close performance monitoring and timely interventions remain central to unlocking the full potential of these assets.
Public entities are required by law to remit 15 percent of their gross revenues to the Treasury annually, with certain institutions obligated to contribute 70 percent of surplus funds beyond specified thresholds.
President Hassan will preside over a ceremony recognising 14 high-performing institutions.
Award categories include highest dividend contributors, consistent performers over five years, best turnaround stories, and those making outstanding contributions to the Consolidated Fund—underscoring efforts to foster transparency.
