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Vodacom Tanzania was the first telecom company to comply with the Electronic and Postal Communications Act (Epoca) and the 2016 Finance Act by registering and selling 25 per cent of its shares to the public through the DSE.
The Tanzanian government has expressed its willingness to return to the negotiation table with stakeholders in the telecommunications sector to review the implementation of the law requiring telecom companies to sell 25 per cent of their shares to the public through the Dar es Salaam Stock Exchange (DSE).
Vodacom Tanzania was the first telecom company to comply with the Electronic and Postal Communications Act (Epoca) and the 2016 Finance Act by registering and selling 25 per cent of its shares to the public through the DSE.
When Vodacom entered the stock market, the government encouraged Tanzanians to participate by purchasing shares after reviewing and understanding the company’s prospectus.
Speaking on 20 February 2025, during a working session with officials from his ministry and stakeholders to discuss the implementation of the 10-year Digital Economy Strategy (2024–2034), Minister for Communication and Information Technology, Jerry Silaa, reaffirmed the government’s readiness to engage in dialogue.
Silaa noted that while companies like Vodacom have taken steps to comply with the law, challenges have emerged that require further review and amendments.
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Silaa stressed the importance of the government and stakeholders coming together to chart a more effective path for these companies to operate, aligning with the expectations of President Samia Suluhu Hassan.