Prime Minister Dr. Mwigulu Nchemba has said that Tanzanians are eager to see their country attain a middle-income economy worth one trillion US dollars by the year 2050, and that the driving force behind this ambition will be the private sector — particularly young innovators leading start-up companies.
“You will recall that in July this year, Her Excellency President Dr. Samia Suluhu Hassan launched the Tanzania Vision 2050.
This Vision is not for the Government alone but is a reflection of the aspirations of all Tanzanians who want to see their nation reach a one-trillion-dollar middle-income economy by 2050. The engine to propel the country towards this vision is the private sector, including emerging start-up companies,” he said.
The Prime Minister made the remarks today (Wednesday, December 3, 2025) while closing the commemoration of the Technology Start-ups Week at the PSSSF Hall, Museum area, Dar es Salaam.
Representing President Dr. Samia, the Prime Minister said that achieving the target requires profound operational and mindset changes.
“We cannot reach a one-trillion-dollar economy by continuing to export raw materials or making only minor adjustments. It requires high-impact innovative strategies: new ways of doing things, new companies, new products, and new technologies capable of growing tenfold, not just by ten percent.”
He emphasized the need for uniquely Tanzanian innovations that can attract global attention and open doors to international markets. “It is absolutely possible — let us unite our efforts,” he added.
Dr. Mwigulu noted that young people who have taken the bold step of establishing start-ups are the ones who hold Tanzania’s future.
“Many African countries face the challenge of youth lacking confidence. But we also see many who have created opportunities for their fellow youth. This is the right path — doing things differently, as others before you have done.”
He urged Tanzanians to value the private sector just as they value the public sector, including embracing discipline and professionalism in the workplace.
“In today’s global environment, no country has built a strong economy without engaging its private sector. What you are doing here is the very engine of economic growth,” he stressed.
Earlier, while welcoming the Prime Minister, the Minister for Information, Communication and Information Technology, Ms. Anjela Kairuki, said the Government continues to improve the environment for start-ups. She said that by now Tanzania has an estimated 1,041 start-ups employing more than 140,000 people.
She noted that by 2024, these start-ups had generated 96.4 million US dollars in revenue, and to date, they have already reached 300 million US dollars.
She added that many emerging companies are focusing on financial technology, agriculture, health, and education — and that more digital innovations are expected in the years ahead.
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