Tuesday, April 23, 2024
No menu items!

Top 5 This Week

bama cap

Related Posts

Vodacom Tanzania To Invest $124 Million For Network Expansion, Data & M-Pesa Before Year End

vodacomVodacom Tanzanian is set to invest Tsh 200 billion ($124M) for network expansion this year.

According to Rene Meza, Vodacom Tanzania M.D, despite stiff competition Vodacom will see a steady growth in its user base despite stiff competition therefore the need for more capital injection.

“This year will see us invest over 200 billion shillings in network expansion, data and M-Pesa (mobile phone cash transfer service),” he told Reuters.

- Ad -

The M.D however has fears, that the firm’s plan to achieve its goals might not be achieved as the July 2013 SIM Card tax of Tsh 1000 each month and a 0.15 percent excise duty is likely to hurt the environment. Tanzania’s mobile operators argue the SIM card tax will reduce the uptake of mobile phone usage  to the 23 million who have not been reached by mobile phones.

Meza told the paper, “The mobile industry in Tanzania is already heavily taxed. Additional taxes will definitely discourage investment particularly for rural expansion.”

- Ad-
Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

Popular Articles