TPSF chair launches advisory committees on investment and business

22Apr 2021
By Guardian Reporter
Dar es Salaam
The Guardian
TPSF chair launches advisory committees on investment and business

​​​​​​​THE Board chairperson of the Tanzania Private Sector Foundation (TPSF)  Angelina Ngalula  yesterday inaugurated here seven committees that will, among other things do research and recommend TPSF positions on business environment and investment to be forwarded to the government for-

Tanzania Private Sector Foundation (TPSF) board chairperson, Angelina Ngalula (C) speaks at the launch of seven committees of the foundation in Dar es Salaam yesterday. Others are the foundation’s chairman of the policy and advocacy research and lobbying and Kibaha MP Sylvestry Koka. Looking on is TPSF managing director Francis Nanai. Photo: Guardian Correspondent

- implementation.

The committees are on programmes and enterprise development, finance and administration,  resource mobilisation and sustainability, investment and local content, outreach and membership services, policy and advocacy research and lobbying and audit and risk management.

Ngalula said the committees have been carefully selected and called on members to work diligently to achieve the goals for which the committees were formed.

“We ask and expect you to be thorough in you work so that we achieve all the goals for which these committees have been formed,” she said explaining that the collective work of the committees will put TPSF in a good position to advise the government on business environment and investment promotion.

TPSF, she said, is the voice of members of the business community, adding that the nation expects members in whatever their deals and conduct to remain patriotic, responsible and transparent in paying taxes so that the government achieve national development goals.

“The declared objective of the sixth phase government is to collect two trillion monthly.  The obligation and opportunity of the private sector is help the government achieve this goal by paying timely due taxes,” she said.

She called on the committees to develop close relation with Tanzanians in the Diaspora, so that foreign markets can be easily accessed and retained.  On the local front, she said the committees should proposed projects that  will generate jobs for young people, build their working capacities   and expose them to existing opportunities they normally to not recognize.

TPSF chairman of the Policy and Advocacy Research and Lobbying and Kihaha Member of Parliament Mr Sylvestry Koka said one of their strategic duties will be to ensure the voice of members of the business community is clearly heard and upheld in determining tax rates for the good on the nation.

The Chairman of the Finance and Administration, Mercy Sila, said the committee will ensure transparency in administration and finance management so that TPSF members remain loyal to the organization.

TPSF Managing Director Francis Nanai, said the TPSF secretariat will ensure the objectives it has set are achieved.  He also said the secretariat will work keenly on the Diaspora issue because, he said, it very valuable to the growth of local members of the business community.

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