Treasury Registrar Nehemia Mchechu (pictured) has commended ongoing reforms under President Samia Suluhu Hassan’s administration, crediting them for significantly boosting revenue contributions from public institutions and enterprises.

Speaking during the 2025 Dividend Day ceremony at the State House in Dar es Salaam, Mchechu said the government had so far collected a total of 1.28trn/- in dividends, contributions, and non-tax revenue this year. 
He emphasized that the funds would be directed towards strengthening key sectors such as education, healthcare, infrastructure, and water.
“The vision and directives of President Samia to reform public institutions—both wholly and partially government-owned—are aimed at increasing efficiency and ensuring these entities continue generating revenue and dividends for the government,” he said.
Mchechu attributed the increased contributions to improved management and oversight in public enterprises. “The boards and management of these institutions are truly implementing the President’s vision. They have changed their work culture and mindset, which is now reflected in higher productivity and returns,” he added.
He further stressed the importance of sustaining this momentum: “It is crucial to ensure the seed of development that has been planted continues blossoming and bearing fruit for the greater good of our nation.”
President Samia, who officiated the ceremony, commended the Treasury Registrar’s Office and public institutions for their role in enhancing national fiscal sustainability. She described the 1.28trn/- collected as “a positive step towards reducing dependency on foreign aid and fostering self-reliance.”
She called on leaders of public entities to safeguard capital, minimize revenue losses, and grow institutional income. “These contributions are crucial in supporting our development goals without increasing the national debt or overburdening taxpayers,” she said.
Among the key contributors was Barrick-Twiga Minerals Corporation, a joint venture between Barrick Gold Corporation and the Government of Tanzania, which paid a dividend of 93.6bn/- in 2025. This earned it the top spot in the category of companies in which the government holds shares.
Presenting a dummy cheque to President Samia, Barrick Country Manager Dr Melkiory Ngido said Barrick-Twiga continues to support the national economy through taxes, levies, duties, salaries, and local supplier payments.
“Besides paying substantial dividends, our partnership has boosted the economy and delivered community benefits through CSR projects, especially in areas surrounding the North Mara and Bulyanhulu mines,” Dr Ngido said.
He also reaffirmed Barrick’s commitment to Tanzania’s local content policy, ensuring that mining tenders, employment, and project opportunities prioritize indigenous Tanzanians.
Dr Ngido was accompanied by Twiga Minerals Board Chairman Andrew Mwangakala, who also received an award from the President during the event. The Minister of State in the President’s Office (Investment), Professor Kitila Mkumbo, was also in attendance.
Highlighting the fiscal performance of Twiga Minerals, Mchechu noted that the company had shown consistent growth in its contribution. In the 2022/23 fiscal year, Barrick-Twiga paid 84bn/- in dividends—ranking first—while the previous year it paid 53.5bn/-, ranking second.
He reiterated that the government has set an ambitious target of 1.11trn/- in non-tax revenue collections this fiscal year.  “All relevant institutions have been directed to meet their obligations by June 30. These funds are vital in supporting development without resorting to borrowing,” he stated.
Non-tax revenue includes dividends from state-owned enterprises, 15 percent contributions from gross revenue surplus remittances, and other statutory transfers—channeled through the consolidated fund.This year’s Dividend Day was held under the theme “Recognising the Growing Role of Public Enterprises in Strengthening Fiscal Sustainability and National Self-Reliance.” The event symbolized the upward trend in contributions and underscored the importance of state enterprises in driving Tanzania’s development agenda.