TASHICO seeks private investment to drive partnership, growth
The Tanzania Shipping Agencies Corporation (TASHICO) is seeking private-sector partnerships to boost its growth and operational efficiency. The corporation aims to leverage private capital and expertise to transform into a competitive maritime and logistics hub.
Why it matters
Increased private investment in state-owned enterprises is a key strategy for developing national infrastructure and economic competitiveness in emerging markets.
MWANZA: THE Tanzania Shipping Agencies Corporation (TASHICO) has called for increased private-sector investment and partnerships to accelerate its transformation into a commercially viable national shipping company and strengthen Tanzania’s position as a regional maritime and logistics hub.
TASHICO Managing Director Eric Hamissi said the corporation had moved beyond rebuilding its operations and was now focused on turning substantial government investment into improved services, increased revenues and greater operational efficiency.
Speaking in an interview with the Daily News in Mwanza City yesterday, Mr Hamissi said the government had made significant investments in rebuilding TASHICO’s fleet and strengthening its operational capacity, providing a firm foundation for the corporation’s next phase of growth.
“My message is that TASHICO is no longer a company looking backwards; it is a company preparing for the future,” he said.
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