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
-
Togo aquaponics startup turns to soilless farming to face climate risks
14:02
-
Inclusive employment in Africa improves but remains marginal
13:51
-
Senegal updates media watchdog to include digital platforms
13:34
-
Weekly Health Update| Rising diabetes rates raise health risks in Morocco and the MENA region
13:19
-
Cameroon ties passports, vehicle titles to tax compliance in 2026 budget
10:57
-
Cameroon cuts forestry taxes to promote sustainable logging
10:49
-
Togo Opens Professional Master’s Programs at Atakpamé Teacher Training College
05:15
-
Morocco Uses Satellite and RFID to Monitor Fishing Vessels
05:11
-
Senegal to Replace CNRA With New Digital-Age Media Regulator
05:00
-
Togo Ranks as West Africa’s Top Business Climate Performer in B-Ready 2025
04:54
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Collaborative programs are emerging across Africa to promote inclusive employment Public, private, and international actors are increasingly...
This week in Africa, Africa CDC continues its clinical trial on mpox, while a new study highlights limits in malaria control efforts. Surveillance against...
2026 budget introduces a 25%–35% cut in the annual forestry fee Incentive targets certified operators to curb illegal logging Past underreporting cost...
Guizhou Tyre plans a nearly $300 million tire plant in northern Morocco The factory will produce 6 million passenger vehicle tires per year The...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...