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
-
Cameroon approves diaspora-led CFA500bn Resort City project in Limbe
14:21
-
Accra Reset: Ghana’s Bid to Reshape Global Health Power
13:28
-
Liberia’s Power Utility Turns to Remote Monitoring to Tackle Power Theft
13:05
-
Madagascar, IMF reach preliminary agreement on $183 mln disbursement
12:49
-
Afreximbank Posts Record Profit in 2025 but Model Quality Will Require Some Watch
12:40
-
Togo fisheries output seen at 33,977 tons in 2026, down 6%
09:02
-
DR Congo lobbies Togo to back its candidate in OIF leadership race
08:49
-
Cocoa regains edge over robusta in Cameroon, still far below government targets
05:06
-
Cameroon’s trade deficit widens 23% in 2025 despite import substitution push
05:04
-
Cameroon’s industrial equipment imports hit CFA757.4 bln in 2025, despite 3.7% drop
05:02
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Ghana launches “Accra Reset” panel to reform global health governance Initiative seeks stronger Global South role in decision-making Move...
Liberia deploys system to detect illegal electricity connections Technology flags anomalies, enables remote disconnection of power Move aims...
IMF reaches preliminary deal to disburse $183 million to Madagascar Funding tied to programme reviews, targets infrastructure and...
Afreximbank crossed the $1 billion net profit threshold in 2025 for the first time, a milestone driven by balance-sheet expansion and a maturing...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...