31 January 2013

Tanzania: Call for Law On Private Sector

VARIOUS stakeholders in the private sector have called upon the government to enact a law to guide activities of local business entities and individuals in the country.

The appeal is also contained in a report of the sub-committee of the task force on strengthening the common voice of the private sector in Tanzania, presented during the Tanzania Private Sector Foundation (TPSF) extra ordinary general meeting held in Dar es Salaam on Tuesday.

"TPSF should draft the Private Sector Development Law and lobby its urgent enactment," the Chairman of the sub-committee, Mr Salum Shamte said. Other recommendations presented by Mr Shamte with a view to making private sector in Tanzania strong, include reviewing objectives of TPSF.

He said review should cover corporate social responsibility, environmental protection and sustainability, as well as the involvement of stakeholders under the Public Private Partnership (PPP) towards social economic development of the country. Others are the governance structure for an equitable representation, membership set-up and composition of the TPSF board.

"The committee recommends a board structure based on clusters and inclusion of special interest groups such as women, youths and the disabled," he said, adding that there will be ten clusters that will be expanded depending on the changes in the economy.

He named the clusters as agriculture, manufacturing, extractive industries, energy, tourism and natural resources. Others are banking and financial services, trade and commerce, private sector organizations based in Zanzibar, regional business associations and women entrepreneurs.

According to the recommendations of Mr Shamte's sub-committee, the TPSF will have 11 board members of which 10 are elected based on representation from the proposed clusters and one position reserved for the outgoing chairperson.

"The sub-committee recommends that TPSF should strategically continue recruiting members from corporate category until the proposed private sector development legislation is formed and enacted," he said.

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