The Presidential Parastatal Sector Reform Commission (PSRC) is an autonomous organ of the Government and a body corporate established under the Public Corporations Act, 1992 as amended in 1993 and 1999,  to co-ordinate implementation of the government's economic reform efforts in the form of privatisation.

The Role of the PSRC:

The PSRC was created to drive the process of privatisation in order to create a competitive economy which will operate successfully internationally, regionally and domestically.

The PSRC is vested with responsibilities and powers of implementing restructuring activities in respect of specified State Owned Enterprises, also known as Parastatals, and specified Government minority shares in privately owned Companies.

Currently the PSRC is also dealing with vital issues of retrenchment, debts, utility regulation and promotion of consultative mechanism between Government and the private sector.

As privatisation gains momentum, visible results include a more business friendly culture, greater foreign investment and export led growth. This is going to benefit not only Tanzania, but also the increasing number of private investors who have decided to put their faith, and their capital, in a country described as "the rising star in Africa."

FOR MORE INFORMATION CONTACT:

The Executive Chairman
Presidential Parastatal Sector Reform Commission,

2nd Floor Sukari House, Ohio Str/Sokoine Drive
P.O. Box 9252, Dar es Salaam, TANZANIA.

Phone: 255-22-211-5482, 211-7988/9, 

Fax 255-22-211-3065/6.
E-mail: [email protected]

 

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