Treasury: Chadema wrong on govt sale of TBL, TCC shares

The government is selling its stakes in Tanzania Breweries Limited (TBL) and Tanzania Cigarette Company (TCC) to raise funds for reinvestment in state-financed projects.

Treasury bills have been oversubscribed and the borrowing costs for the government have been soaring.

>Discussions between the government and a mobile phone company, Bharti Airtel, with regard to the fate of Airtel’s 35 per cent shares in Tanzania Telecommunications Company Ltd (TTCL) are stuck, The Citizen has learnt.

The government has finally agreed with Bharti Airtel over 35 per cent of shares which the India-based company owns in the Tanzania Telecommunications Company Limited (TTCL).

Govt Reclaims 100 Percent Shares in TTCL Ownership
AllAfrica.com
Dodoma — FINALLY, the long-drown-out blame game between Tanzania Telecommunications Company Limited (TTCL) and Bharti Airtel over shares has ended, with the latter surrendering its 35 per cent stake it had in the state-run telecom firm. The Deputy ...

The government has taken back General Tyre East Africa Limited (GTEA) after purchasing 26 shares owned by US-based company, Continental AG, at a price of one million US Dollars (Sh2.1 billion).

Eight communication volunteers with the main opposition Chadema were yesterday charged with publishing inaccurate presidential election results.

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