Tanzania: TTCL needs $760 mln to boost financial performances over the next five years
Tuesday, 28 May 2019 20:04
The Tanzania Telecommunications Corporation Limited (TTCL) informs that it needs TSh1.77 trillion ($760,633,438) to improve its financial performance over the next five years.
For the 2019/2020 financial year, TTCL will need TSh600 billion (257 841 843 USD).
To boost its financial performances, TTCL plans to upgrade its network and improve coverage. Its target is to increase its market share in the mobile segment from 2% to 15% and reach 98% in the fixed telephony technology.
An increased market share will mean more money in the companies pockets and more dividends for the government. For the 2017/2018 fiscal year, the government received TSh 2.1 billion ($902,446).
Currently, TTCL is the second last of the mobile market ahead of Smart (0.3%). According to recent figures published by the telecom regulator, Vodacom is the leader of that market followed by Tigo and Airtel while Halotel and Zantel are respectively fourth and fifth of that market.
Live News
-
Ghana Plans 600 New Classroom Blocks to Ease School Infrastructure Pressure
08:00
-
Mali’s Budget Deficit Narrows to 1.5% of GDP in 2025 as Growth Nears 5%
07:57
-
Nigeria Approves $35 Million to Upgrade Engineering Training at Technical Universities
07:43
-
Ramadan and Lent Go Digital in Côte d’Ivoire as Mobile Money Facilitates Transfers and Payments
07:10
-
CICAM Imports March 8 Fabrics From India as Local Production Stalls
19:52
-
Cameroon Expands Cocoa Processing With New 32,000-Ton Plant in Baré Bakem
19:32
-
Cameroon’s Treasury Bill Market Rebounds, Easing Pressure on Short-Term Financing
18:03
-
Insurtech Cova Uses AI to Simplify Auto Insurance Payments in a Paper-Heavy Market
17:52
-
South Africa Signs Digital Cooperation Pact With Netherlands
16:46
-
Morocco, Portugal Formalize Data Protection Cooperation Amid AI Surge
13:44
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Ghana plans 600 new school buildings for 2026 Program includes kindergarten, primary and junior high blocks Initiative aims to ease...
Mali’s 2025 budget deficit reaches 1.5% of GDP Tax revenue stronger than forecast; spending below target IMF projects economic growth around...
Nigeria approves 48 billion naira to boost engineering education Funds target labs, workshops at 12 federal universities Initiative aims to...
OAPI, WIPO launch regional technology innovation support centers network Centers to improve patent access, training across 17 member...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...