Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Rostam, Axian Group to invest Sh1 trillion to expand Tigo and Zantel​

FRIDAY MAY 06 2022​



Rostam pic

Tigo owner Rostam Aziz (right) addresses journalists on plans he and his co-owners have regarding expanding the telco in rural areas as well as generally improving its efficiency, whereby together they plan to invest about Sh1 trillion. Left is founder and chairman of the board of Axian Telecom Hassanein Hiridjee. PHOTO | MICHAEL MATEMANGA

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Summary​

  • Recently, a consortium led by Axian Telecom and prominent businessman Rostam Aziz acquired MIC Tanzania PLC


The citizen pic

By The Citizen Reporter
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Dar es Salaam. The new owners of the local telecommunication companies Tigo and Zantel yesterday outlined their future plans, revealing how they would invest over Sh1 trillion to go rural.

Recently, a consortium led by Axian Telecom and prominent Tanzania businessman Rostam Aziz acquired MIC Tanzania PLC which owns Tigo and Zantel.

Mr Aziz and Axian Group’s chief executive officer Hassanein Hiridjee, who addressed reporters yesterday, said they would push to strengthen network coverage, especially in the rural areas where there is potential.

“We will make sure Tigo and Zantel increase coverage to rural areas,” said Mr Aziz, who is also the chairman of MIC Tanzania, said.

“Following decades of experience in this sector, I’m committed to providing valuable strategic guidance and stewardship to Tigo in order to extend access to affordable mobile services and drive digital inclusion across rural Tanzania through significant investment in our telecom infrastructure. We will invest more than Sh1 trillion to meet our targets,” he said.

Mr Aziz was happy as a Tanzanian to partner with foreign investors in owning a big telecommunications firm.

“We normally see big companies owned by foreign investors but this time a Tanzanian is doing it in partnership with foreigners. I would encourage my fellow Tanzanians to change mindset and come out for partnerships.”

“Our economy cannot grow without foreign investors who have capital and technology but the best approach for the locals to benefit is through such kind of partnership. Let’s change our mindset that owners of big companies should always be foreigners. We can partner with them and the government should support us,” said Mr Aziz.

Speaking during the same event, the Axian Telecom’s founder and chairman Hiridjee said he was happy to have a local partner in the ownership of MIC Tanzania.

“Our investment into the merged entity will help us fulfill our ambition to be an end-to-end partner in Africa’s digital transformation journey and further accelerate financial inclusion, capitalising on the success of the company’s mobile financial services to develop bespoke services that meet our customer’s needs,” he said.

Plans are underway for the merged entity teams to move into the PSSSF Commercial Complex located along Sam Nujoma Road in Dar es Salaam.

Listing requirement
When asked about the possibility of offloading some shares of Tigo to the public as required by the Electronic and Postal Communications Act, Mr Aziz said they can do it to obey the law but he personally had different views on the matter.

He said offloading shares and subsequent listing on the stock market should be voluntary for shareholders, depending on the market forces.
“In my views, offloading shares should be a decision of the owners instead of making it mandatory by law. Look at Vodacom which already listed its shares and they are not doing well. I hope the policy makers will review the law and let the business principles to rule,” said Mr Aziz.

Tanzania is home to 54 million mobile subscribers by December 2021, according to the Tanzania Communications Regulatory Authority (TCRA).

Tigo accounts for 24.7 percent market share, making the third after Vodacom (29.4 percent) and Airtel (27.2).

As for a firm going by the name Halotel – the newest entrant to the Tanzanian telecom market – it holds 13.3 percent followed by the state-run TTCL (3.4 percent) and Zantel (2 percent).

www.thecitizen.co.tz

Rostam, Axian Group to invest Sh1 trillion to expand Tigo and Zantel

Mr Aziz argues that offloading shares and subsequent listing on the stock market should be voluntary for shareholders
www.thecitizen.co.tz www.thecitizen.co.tz

MY TAKE
Rostam alone to invest twice what the richest Kunyan Chris Kirubi had!
 
Tony254 said:
Kama Wakenya wengi ni masikini wa kutupwa kama unavyosema basi iweje bodies zote tajika duniani zinakubaliana kwamba Kenya ndio nchi tajiri zaidi ukanda huu? Nazungumza kuhusu IMF, World Bank, UN, OECD, CIA na kadhalika? Whether unataka kutumia gni per capita, Kenya ina gni per capita ya
$2,200 wakati nyie mna gni per capita chini ya $1,200. Mumetoka Ldc juzi tu.

Ukiamua kukimbilia kwenye HDI huko pia tunawapiga kama mbwa kwa maana kwa mujibu wa UNDP Kenya ina HDI ya juu kushinda Tanzania.

Sasa huo utajiri wenu ulioshinda wa Kenya unatokea wapi? Tukiangalia data strictly na tuweke ushabiki kando basi Kenya imewashinda kwenye metrics nyingi za kiuchumi. Ila kwa sababu data inaonyesha Kenya ipo mbele yenu kwenye mambo haya, inawabidi mpuuze data na kusema kwamba data hio ni ya kwenye makaratasi ili kufurahisha nafsi zenu. Ila hata investors wanaosoma hizi data wanajua kwamba Kenya ipo more developed than Tanzania kwenye mambo mengi.

Hio ndio maana makampuni mengi tajika zinakimbilia Nairobi na hata zimeanza kususia South Africa kwa kiasi fulani. Google kwa mfano ilisusia kuanzisha ofisi yake ya kwanza ya research barani Afrika huko South Africa na kuamua kulianzisha Nairobi. Kwenye Twitter naona watu wa South Africa wanahisi wivu sana kwa kitendo cha Google kuchagua Kenya. Amazon, Microsoft, Oracle, IBM na other tech giants zimeanzisha their African office in Kenya. Endeleni kuamini kwamba Kenya ni size yenu ila data inaeleza wazi ni nchi gani ina a more developed economy kati ya hizi mbili. Haiwezekani kwamba kila international organisation tajika inakubali kwamba Kenya imewashinda kwenye haya mambo halafu nyinyi mpinge. Mnapinga kama nani?
Click to expand...
Kwani c hzo hzo bodies zote duniani zinasema Kenya imeizidi North Korea?
 
The best 007 said:
Kuna kamoja tunakaita ka Bwana Mapesa just imagine na mdomo wake mpana alafu kangekuwa japo na nusu ya life ya Watz wa humu sijui ingekuaje mkuu, hapo kalipo kanatamani japo kangekuwa hata na kitanda kinachoeleweka kapost humu sema ndio hvyo Mungu fundi kameishia kutumbua mishipa mpk leo licha ya kuwa na miaka zaidi ya 30.
Click to expand...
Ushaosha nguo za Kazi?

images (72).jpeg
 
The best 007 said:
Kwani c hzo hzo bodies zote duniani zinasema Kenya imeizidi North Korea?
Click to expand...
Kwani ni siri kwamba Kenya imeipiga North Korea?

North Korea ina gdp per capita ya $1,300 ambayo ni sawa na gdp per capita ya Tanzania.
Screenshot_20220506-152757.png



Tukija kwenye gdp, North Korea ina gdp ya $28.5 billion ambayo ni ndogo kushinda gdp ya Uganda. Na gdp ya North Korea ×3 bado haifikii gdp ya Kenya.
Screenshot_20220506-152819.png
 
Tony254 said:
Kwani ni siri kwamba Kenya imeipiga North Korea?

North Korea ina gdp per capita ya $1,300 ambayo ni sawa na gdp per capita ya Tanzania.
View attachment 2213958


Tukija kwenye gdp, North Korea ina gdp ya $28.5 billion ambayo ni ndogo kushinda gdp ya Uganda. Na gdp ya North Korea ×3 bado haifikii gdp ya Kenya.
View attachment 2213961
Click to expand...
Vipi maendeleo mmewazidi?
 
Tony254 said:
Kwani ni siri kwamba Kenya imeipiga North Korea?

North Korea ina gdp per capita ya $1,300 ambayo ni sawa na gdp per capita ya Tanzania.
View attachment 2213958


Tukija kwenye gdp, North Korea ina gdp ya $28.5 billion ambayo ni ndogo kushinda gdp ya Uganda. Na gdp ya North Korea ×3 bado haifikii gdp ya Kenya.
View attachment 2213961
Click to expand...
Wakuu muoneni huyu mkunya anachoongea
 
The best 007 said:
"The only reason why am posting my private life here it's because you requested for it next time if you want me to show you even my nails I won't show you" ghafla akaonesha buti lake lenye mashavu
Click to expand...
Tangu tujue wewe ni soja siku hizi hasira imekupanda vibaya sana😂😂
 
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