PRIME MINISTER LAUNCHES INDUSTRIAL DEVELOPMENT AND SME EMPOWERMENT POLICIES

The Prime Minister of the United Republic of Tanzania, Hon. Dr. Mwigulu Lameck Nchemba, today, November 4, 2026, officially launched the Sustainable Industrial Development Policy 2025 alongside the Small and Medium Enterprise Development Policy 2003 during an event held in Dodoma.

In his speech, the Prime Minister directed the Ministry of Industry and Trade to put in place robust strategies for implementing these policies, accompanied by monitoring and evaluation frameworks to ensure intended objectives are met. Additionally, he urged Tanzanians to demonstrate patriotism by valuing and consuming locally produced goods, emphasizing that doing so will strengthen domestic industries, create jobs, and boost the national economy.

On her part, the Minister for Industry and Trade, Hon. Judith Kapinga, highlighted that the implementation of these policies will be guided by a 10-year strategic plan with measurable annual targets to evaluate progress. She noted that the success of these policies will be evidenced by the growth of small and medium enterprises and their capacity to scale into large businesses, alongside increasing the competitiveness of Tanzanian goods in domestic and international markets.

Furthermore, she emphasized that industrial sector transformation is one of the key pillars driving economic growth and enabling the realization of the nation's goal to achieve a one-trillion-dollar economy.

The College of Business Education (CBE), as one of the institutions under the Ministry of Industry and Trade, participated in this momentous event led by the Rector, Prof. Edda Tandi Lwoga, accompanied by various college leaders and students. CBE’s participation underscores the institution's role in supporting government efforts to strengthen the industrial sector, foster entrepreneurship, and advance business development across the country.