Tanzania: Vodacom Plans to Invest Over 200 Billion/ – in 2015

VODACOM Tanzania plans to invest over 200bn/- in the next financial year, the firm’s chief executive officer, Mr Rene Meza, told a news conference in Dar es Salaam yesterday.

Presenting the telecom firm’s business update for the 2014/2015, Mr Meza said the firm had a pleasant financial year, with the customer base swelling to 12 million subscribers.

"Five years ago we had 7.3 million subscribers. The figure has almost doubled in five years. We added up some 2 million customers in just one year," the CEO proudly said.

He said the company paid 46.4bn/- in corporate tax during the 2014/15 financial year, which ended on March 31 and in addition the firm collected over 108.6bn/- VAT, 99.5bn/- excise duty and 81.5bn/- in other duties on behalf of the government.

"We (Vodacom) were declared the second largest contributor to government revenue as well as the top taxpayer in the telecoms industry," he said.

He listed the top three contributors to government coffers last year were Tanzania Breweries Limited, Vodacom Tanzania Limited and the Tanzania Cigarette Company Limited (TCC), respectively."Vodacom Tanzania Limited remains committed to playing a key role in the development of the telecoms sector in Tanzania and had invested in excess of 1.8tri/- in […]

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