The National Development Corporation (NDC) is a leading industrial development and promotion organization established in 1962 as Tanganyika Development Corporations (TDC) by an Act of Parliament to fill the gap of financing critical development projects and take over the colonial development corporation (CDC) formed in 1950. In 1965, NDC was re established by the government to catalyze economic development in all sectors of the economy. After the Arusha Declaration, another role was added to NDC that of a holding corporation under the Public Corporation Act 1969 that came to an end in 1992 under the Public Corporation Act, 1992 as amended. The NDC was given a broad mandate as a development and promotion institution to stimulate industrialization in partnership with private sector under the cabin memorandum No. 6/1996 of 1996.
Leading industrialization of Tanzania
Implementing strategic industrial development projects in partnership with private sectors.
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The execution of daily activities of National Development Corporation (NDC) is under the Managing Director (MD) of the Corporation who is also the board member by the virtue of his/her position. The MD is leading the corporation with assistance of four directorates (Heavy Industry; Strategic Value Addition; Research & Planning; and Finance) and six other supporting units (Legal; Internal Audit; Procurement Management; Investment; Human Resource & Administration; and Corporate Affairs)
The Corporation is governed by the Board of Directors comprising of non- executives and executive director while day to day operations are managed by Management team. The President appoints The Chairman of the Board and the Managing Director while board members are appointed by the Minister for Industry and Trade. In line with a Performance Agreement with the Minister, the Board provides overall leadership and strategic direction. As such the Board is accountable for the performance of the NDC in carrying out its statutory functions and achieving its objectives.
The Board has delegated some of its powers to its two functional Committees which are The General Function and Corporate Governance Committee and the Audit and Risk Management Committee. However, in order to retain effective control, the Board still retains some powers such as approval of major expenditures and policies.
NDC organization structure is made up of the Board of Directors and a management team (under Managing Director) and for the functions and their associated activities are carried out in directories and units. Some activities are carried out in staff units in the Managing Director’s Office. The Organization structure features four directorates, three of which carry out the core functions of the Corporation and the fourth provides corporate or support services
Board of Directors