Tanzania, July 1 -- Dar es Salaam. Tanzania has taken another significant step towards economic self-reliance after public institutions and companies in which the government holds shares paid a record Sh1.327 trillion in dividends and contributions to the Treasury.

The amount, received by President Samia Suluhu Hassan during the third annual Gawio Day at State House on June 30, represents a 30 percent increase from the Sh1.028 trillion collected in the previous financial year.

Speaking during the event, President Hassan was clear that this was not merely about the figures on a dummy cheque but a reflection of a deeper structural transformation.

"This step we are witnessing and perhaps celebrating is the result of deliberate efforts to ...