Public-Private Partnership (PPP) can be broadly defined as a contractual agreement between the Government and a private firm targeted towards financing, designing, implementing, and operating infrastructure facilities and services that were traditionally provided by the public sector. It embodies optimal risk allocation between the parties – minimizing cost while realizing project developmental objectives. Thus, the project is to be structured in such a way that the private sector gets a reasonable rate of return on its investment.

BY DEFINITION:
“A long-term contract between a public party and a private party, for the development and/or management of a public asset or service, in which the private agent bears significant risk and management responsibility through the life of the contract, and remuneration is significantly linked to performance, and/or the demand or use of the asset or service”.

• Project review and consultation
• Fiscal risk management and monitoring
• Providing recommendations on unsolicited proposals for consideration
• Approval of feasibility studies for Non-Major Projects
• Reviewing Agreements prior to signing and approval of renegotiations
• Providing on-going support to Public Authorities
• Retention of technical and transaction advisors
• Undertaking feasibility studies
• Contract signing
• Monitoring and evaluating Public-Private Partnership projects being undertaken and resolving disputes
• To provide civil education and capacity building which will promote awareness and understanding of Public-Private Partnership, including their purpose and processes to relevant stakeholders.

• Regulate and administer investment activities in Zanzibar including Free Economic Zones with due regard to the principles of openness, competitiveness, and transparency
• Promote Zanzibar as an attractive investment, business destination, and export platform
• Be a focal point for promotion and facilitation of investments and business
• Provide institutional support for economic development and ensure coherent economic and business policy formulation
• Promote, sensitize, and facilitate internal and external investment and ensure a conducive business environment
• Be the main institution responsible for Zanzibar branding for investment promotion
• Facilitate both inward and outward investment and ensure a conducive business environment
• Provide institutional support on the development and administration of Free Economic Zones