The Government has engaged the private sector mainly in policy making and reviews as well as development projects that are geared towards socio-economic development, but sector players say needs to increased.
More efforts to strengthen the public- private partnership-PPP dialogue is vital towards providing ability to the private sector to push the economy to middle income, a country’s ambitious target by 2020.
Experts believe that by the government engaging the private sector in a dialogue would help address the challenges the latter is facing that would otherwise hamper its efforts to drive the economy.
“The public-private dialogue has been ongoing and has produced substantive results that have supported the business operations but we need to do it at all levels,” said Gerard Nkusi Mukubu, acting chief executive officer of private Sector Federation.
Mukubu is optimistic that by engaging the private sector at all planning levels mainly in drafting and enacting policies and regulations that affect the business operations would bolster the sector production.
The private Sector federation-PSF is an umbrella organization that advocates for the private sector.
Accordingly, the dialogue is seen as an opportunity to proactively engage the private sector in government’s agenda for national growth as enshrined in the country’s vision 2020.
“Private sector activities straddle almost all sectors of the economy; what we are trying to find out is what you intend to focus on in the coming fiscal year and how the government can facilitate,”Amb. Claver Gatete, Minister of Finance said earlier.
The business community, under their umbrella body, Private Sector Federation (PSF), urged the government to always engage them at every level when drafting and enacting policies and regulations that affect business operations. “The government should also build the capacity of trade support institutions and business associations,” they said.
The Minister for Finance and Economic Planning Claver Gatete said the dialogue identified areas where to further strengthen the dialogue.
The Minster says that the government has identified several investment opportunities that the private sector could take over or partner with the government in executing development projects.