Middle East Venture Partners (MEVP)’s Post

Good tips for those fasting (Lent & Ramadan)

LOCAL CONTENT & IN-COUNTRY VALUE IN GOVERMENT / PUBLIC SECTOR PROCUREMENT IN TANZANIA. One of the key highlight from the 2024 - 25 Tanzania Government Budget is the mandatory need for local involvement in all public procurement projects. What this mean is that for foreign entities if they want to work with the Tanzania government they should ensure there is local participation in their venture. I believe local content in public procurement present enormous opportunities for local suppliers and contractors. Governments all over the world are among the largest spenders. If government can ensure that for every $ spent there is a portion that remain in-country then that is real transformation. This goes to show how public procurement can be a catalytic tools for economic transformation and inclusive growth. Next steps? Goverment should work with private sector players to put in place mechanisms that will ensure local contractors are aware of these opportunities, local contractors are well capitalized and funded, and lastly local contractors acquire required technical expertise including necessary technology and IP to deliver these anticipated projects. I congratulate the Goverment of Tanzania for being courageous to undertake such a noble course. #publicsectorprocurement# #MinistryofFinance# #LocalProcurement# #PreferentialProcurement# #TenderSetAside# #localinternationalJV# #localcontent# #Tanzaniabudget202425# #localcontractors# Mwigulu Nchemba Japhet Justine Ministry of Finance-Tanzania Tanzania Private Sector Foundation (TPSF)

Can relate so well 😆😆

Good evening, Ogsera should please analyze the steps to be taken to download and upload CA and EXAM scores simultaneously to differentiate from inputting CA scores separate and EXAM scores separate.

As the days of Muharram are near. A detailed discussion with Mohammad Javad Shomali regarding Muharram and Azadari https://lnkd.in/eU8-BMbc #bridgethegap

Today, the Tanzanian Parliament will hear the 2024/2025 Finance Budget pitch, which is expected to outline several key priorities and significant spending increases. The proposed budget for the fiscal year 2024/2025 is projected to be around TZS 49.346 trillion, an 11.2% increase from the current budget. Key areas of focus include: 1.Debt Servicing and Civil Servants’ Salaries: A considerable portion of the budget will be allocated to servicing government debt and paying civil servants' salaries. 2.Elections Preparation: Funds will be set aside for local government elections in 2024 and preparations for the 2025 General Election. 3.Infrastructure Development: Ongoing projects such as the standard gauge railway, expansion of the Air Tanzania fleet, and the Julius Nyerere Hydropower Project will receive continued funding. New stadiums will also be constructed and existing ones upgraded in preparation for the 2027 Africa Cup of Nations, which Tanzania will co-host. 4.Education and Health: The budget will include funds for primary and secondary education without fees and loans for students in tertiary and higher education. Additionally, the government plans to strengthen medical services and infrastructure. 5.Economic Growth and Poverty Reduction: The budget aims to stimulate inclusive economic growth, reduce poverty, generate jobs, and promote prosperity for all. The government targets to accelerate GDP growth to 5.4% and maintain inflation between 3-7% (The Citizen). 6.Domestic Revenue Collection: A significant portion of the budget will be financed by domestic revenue, which is projected to increase by 10% in 2024/2025. Efforts will be intensified to improve domestic revenue collection through the Tanzania Revenue Authority. This comprehensive budget reflects Tanzania’s strategic priorities for development and economic stability in the upcoming fiscal year. #budget #FinanceBill #Parliment #DomesticGrowth #MinistryOFfinance #TanzaniaEconomy #Ministeroffinance #budget20242025 #election

German experience in reforming the railway sector.