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Telecom Companies Mandated to Undergo Stock Exchange Listing Evaluation

by TNC
February 21, 2025
in English
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Tanzania’s Government Open to Telecom Sector Dialogue: A Path to Digital Economy Growth

In a significant move towards fostering a more collaborative telecommunications environment, Tanzania’s government has signaled its willingness to renegotiate the implementation of laws requiring telecom companies to sell 25 percent of their shares publicly.

Minister for Communication and Information Technology, Jerry Silaa, announced during a strategic working session discussing the 10-year Digital Economy Strategy (2024–2034) that the government is prepared to engage in constructive dialogue with sector stakeholders.

While some companies have already complied with the Electronic and Postal Communications Act, challenges have emerged that necessitate further review and potential amendments. The minister emphasized that the primary goal is not to impose restrictive conditions but to create a framework that supports sustainable growth.

“We draft laws to streamline processes, not to restrict them,” Silaa stated. “Laws are not sacred texts. This is an opportune moment to develop a better operational framework, especially considering the investment climate President Samia Suluhu Hassan aims to cultivate.”

The government’s approach reflects a market-driven philosophy, recognizing that overly rigid regulations might impede sector development. By prioritizing dialogue and flexibility, Tanzania seeks to create an environment that balances regulatory requirements with business innovation.

Stakeholders can expect collaborative assessments and potential legislative refinements in the coming months, signaling a proactive stance towards developing a robust and dynamic telecommunications sector.

Tags: CompaniesEvaluationExchangelistingMandatedStockTelecomUndergo
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