$1trillion dream hinges on fixing private sector partnerships
Tanzania, May 11 -- Dar es Salaam. Tanzania's ambition to build a $1 trillion-dollar economy by 2050, with the private sector expected to drive up to 70 percent of economic activity, will only be realised if long-standing weaknesses in public-private partnerships (PPPs) are addressed, stakeholders have warned.
Speaking during the National PPP Dialogue on May 9 under the theme Strengthening Access to Safe Water in Tanzania through Public and Private Sector Partnerships, experts pointed to mistrust, bureaucracy and weak implementation as key barriers discouraging investment.
Former Controller and Auditor General (CAG), Ludovick Utouh, said rebuilding trust between government, citizens and investors is critical if PPPs are to deliver resul...
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