DAR ES SALAAM, April 20 -- FOR decades, the performance of our State-Owned Enterprises (SOEs) has been a tale of two realities. On one hand, we have seen stellar performers in banking and telecommunications delivering record dividends. On the other, some of our 253 Public and Statutory Corporations (PSCs) have devolved into a persistent financial drain on public coffers.

The tabling of the Public Investment Bill in Parliament by the Minister of State in the Presidents Office (Planning and Investment), Prof Kitila Mkumbo, is a long-overdue intervention. By aiming to finalise this Bill in the 2026/2027 financial year, the government is taking decisive action regarding the SOEs that have become liabilities rather than the productive assets ...