Tanzania: Telephone Firms Must List On Dar es Salaam Stock Exchange

Telecoms

The National Assembly yesterday passed the Finance Bill, 2016, requiring electronic communication companies registered in the country to float their stakes on the Dar es Salaam Stock Exchange (DSE), within six months from July 1, this year.

According to the Finance and Planning Minister, Dr Phillip Mpango, the move will enable Tanzanians own shares in listed communication companies. A heated debate ensued after Nzega Urban MP Hussein Bashe (CCM) moved a motion to oppose the proposal for mandatory listing at the DSE of shares for communication companies. Read the full story here:
Source: Extensia 24 June 2016