Dar es Salaam, March 31 -- PROFITABILITY and adherence to good governance are paramount in day-to-day operations of both public and private entities since they assure investors and the general public on the return of their investments.

Good governance is even more important in parastatals where the government expects to raise revenues to the Treasury coffers to foot the wage bill and undertake development projects for the majority of the population.

The Tanzania Ports Authority (TPA) is among a handful of parastatals which have recorded excellence in profitability and good governance during the financial year 2023/2024 as per the report by the Controller and Auditor General (CAG).

Presenting part of his findings before President Samia ...