Earlier today, the Principal Secretary for Public Investments and Assets Management, Mr. Cyrell Wagunda, had a comprehensive internal engagement across all core Directorates and Units that are mandated with the following critical functional areas:

1. Asset & Liability Management: National Assets and Liabilities Management (NALM) and Government Investments and Public Enterprise (GIPE).

2. Investment Oversight: Public Investment Management (PIM), PIPM, and the Public Private Partnership (PPP) Directorate.

3. Social Security & Administration: Pensions Department and General Administration.

These engagements are designed to enhance day-to-day operations and align departmental outputs with the Government’s strategic objectives for fiscal discipline and asset optimization.

During the engagements, the Principal Secretary outlined guidelines for heightened institutional integrity, emphasizing three pillars for the current fiscal cycle:

Professionalism & Transparency: Rigorous adherence to ethical standards in managing public portfolios.
Asset Optimization: Maximizing the utility and value of public assets to ensure a higher return on investment for the taxpayer.

State Corporation Reform: Enhancing the operational efficiency and financial viability of State Corporations to reduce reliance on the Exchequer.

"The primary objective of these engagements is to catalyze a shift toward high-performance service delivery. By streamlining internal processes, PIAM will ensure that the management of the nation’s public investments is both robust and commercially sound."

Continuous monitoring of departmental KPIs to ensure alignment with the broader National Development Agenda.

During the visits, PS Wagunda was accompanied by Secretary Administration, Dr. Bahati Mwita.