PRESIDENT Samia Suluhu Hassan called for stronger public-private sector collaboration, saying the partnership will be key to the successful implementation of Development Vision 2050.

She said the government will continue improving the legal, policy and institutional environment to attract investment, while businesses are expected to increase investment, create jobs and drive innovation.
Speaking during the launch of the implementation tools for Development Vision 2050 and a special dialogue with private sector leaders at the State House in Dar es Salaam, President Samia said the government and the private sector must work as equal partners to achieve the vision's ambitious targets.

The four key implementation tools launched for Development Vision 2050 were the National Long-Term Perspective Plan (LTPP), the Fourth Five-Year Development Plan, the national framework for assessing the outcomes and implementation of development plans by the public and private sectors and the Vision 2050 Communication Strategy.

Using a symbolic key presented during the ceremony, President Samia said the government holds one part of the key while the private sector holds the part that unlocks the door, underscoring that both must work together to achieve the vision's aspirations.
“We have already launched the tools needed to implement Vision 2050. What remains is for all of us, the government and the private sector, to implement them together,” she said.

President Samia said the government remains committed to improving the legal, policy and institutional environment to attract investment, while the private sector is expected to expand production, create jobs and drive economic growth.
She said the government's objective is to strengthen linkages between large and small enterprises, formal and informal businesses and domestic and foreign investors to ensure inclusive economic development.

The President added that investments should also build local skills and create opportunities for youths, women and people with disabilities to participate in value chains.

She also pledged to continue working closely with business leaders to strengthen local companies and support their expansion into regional and international markets.
“We want to see more Tanzanian companies investing across Africa. The government will continue creating opportunities and supporting the private sector so it can compete in regional and international markets,” she said.
President Samia urged businesses to complement government investment in railway networks and regional transport corridors by investing in logistics and supply chains to improve the movement of locally produced goods across African markets.

She also acknowledged that the global financing landscape is changing, with concessional loans and development assistance declining, making domestic resource mobilisation and private investment increasingly important.
Implementation of Development Vision 2050 officially commenced on July 1 this year, with the private sector expected to drive about 70 per cent of the agenda as the country pursues a diversified, resilient, inclusive and competitive upper-middle-income economy.
She said the country must respond by increasing production, boosting exports, reducing unnecessary imports and making better use of its natural resources through discipline, integrity and efficiency.

President Samia also welcomed the signing of a Joint Declaration between the government and the private sector, describing it as a demonstration of their shared commitment to implementing Development Vision 2050.

“The 11 business and investment organisations that signed the declaration should ensure their members understand and implement its commitments, where continuous dialogue and accountability between the government and the private sector will be essential to achieving the vision's targets,” she said.

The President further stressed that peace and stability remain the country's greatest assets for development and urged both sectors to safeguard them as they work together to transform the economy over the next 25 years.
For his part, Zanzibar President Dr Hussein Ali Mwinyi commended President Samia for convening the dialogue, saying it demonstrated the government's commitment to working closely with the private sector in delivering the aspirations of Development Vision 2050.
“Effective implementation of the vision requires greater investment in manufacturing, the blue economy, tourism, human capital development, modern agriculture, the digital economy and financial services to build a competitive, innovation-driven economy,” Dr Mwinyi said.

He said the Revolutionary Government of Zanzibar will continue working with the Union Government to integrate the vision's priorities into development plans and called on private sector stakeholders to invest in strategic sectors, embrace emerging technologies and strengthen partnerships that will help achieve the country's long-term development goals.