TPSF was formally incorporated under the Companies Act (Cap 212) as a company limited by guarantee on 4th November, 1998 for the purpose of promoting the private sector-led social and economic development in Tanzania. As an apex and focal private sector organization (PSO), The Tanzania Private Sector Foundation (TPSF) is the voice of the private sector and the umbrella body for private sector associations and corporate bodies in all sectors of the economy, including trade associations.