Tanzania Telecom firms fails to meet Government deadline

Tanzania: Telecom Firm

The Tanzania Communications Regulatory Authority (TCRA) is set to penalise telecommunications companies that have not completed the process of listing their shares at the Dar es Salaam Stock Exchange (DSE).

Speaking to the press yesterday, TCRA Director General Engineer James Kilaba said among penalties that will be taken against the telecommunication companies that have not complied with requirements stipulated in the law include suspension or cancellation of their licences. Eng Kilaba said under the Electronic and Postal Communications Act (EPOCA) amended by the Finance Act of 2016 set the deadline for the firms to complete the process of listing at the DSE on 31st December last year.

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