Tanzanian MPs voted in favour of a bill that requires mobile companies to list shares on the local exchange.
Under the new bill, the companies will be required to sell shares to the public and list on the Dar es Salaam stock exchange within three years…
Tanzanian MPs voted in favour of a bill that requires mobile companies to list shares on the local exchange.
Under the new bill, the companies will be required to sell shares to the public and list on the Dar es Salaam stock exchange within three years of the act coming into force,
The bill is reportedly opposed by the local operators including Vodacom Tanzania, which is part of the JSE-listed Vodacom group.
Others include Kuwait-listed Zain, Millicom’s Tigo, listed in the US, and Zanzibar Telecom, which is backed by the Abu Dhabi-listed Etisalat.
The country is also home to a host of smaller operators including the newly launched Dovetel and Hits Telecom.