Govt amends law to allow access to IPOs

Minister of Finance and Planning, Dr Phillip Mpango

What you need to know:

  • The Act, which was amended in the Finance Act, 2016 requires telecommunication companies to offload 25 per cent of their shares to Tanzanians only via IPOs and so far, it is only Vodacom Tanzania Public Limited Company (PLC) that has completed the IPO process though, it has remained tightlipped on the outcome.