CottonEyeJoe
JF-Expert Member
- Jan 8, 2008
- 331
- 72
So what part does Nyoni and Lowassa play in all of this saga... Just Curious????
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kuna ubaya kuwa na shares Vodacom?
Baada ya hapo, hakuna michango na topic imekosa mvuto? Au ndio tuseme kumbe JF tumeingiliwa?!!!!
Halisi,
Hatujaingiliwa yaani inachosha, kila kukicha habari ni hizi hizi za mafisadi kila kona! No good news at all, mwishowe watanzania mioyo yetu itapanuka kwa hasira kutokana na kusikia habari zinazo udhi na kukatisha tamaa kila kukicha!
Shida nyingine ni huyu chui aliye vaa ngozi ya Kondoo hadi tukambatiza kuwa ni chaguo la Mungu, pale ambapo makucha yake yanapo zidi chomoza na kutudhihirishia wazi kwamba si kondoo kama tulivyo mtegemea! Tukimbilie wapi sasa? je 2010 tutaweza kujinasua?
Je madhara ya kulipa fadhira hizi yatatufikisha wapi? na kwa muda gani?
Vodacom Tanzania shares row: DSE boss enters the fray
THISDAY REPORTER
Dar es Salaam
WITH a storm of controversy now gathering over the proposed sale of a 35 per cent stake held by local shareholders in Vodacom Tanzania Limited to would-be foreign investors, the Dar es Salaam Stock Exchange (DSE) yesterday asserted that such a move would not be in the best interests of local investors.
Interviewed by THISDAY on the bourses position on the matter, DSE Chief Executive Officer Jonathan Njau, stressed that should the mobile phone services company be interested in selling its shares now held by locally-registered firm Mirambo Limited, other local investors could easily raise sufficient funds to seal the deal.
Njau insisted that theres absolutely no need for foreign investors to be allowed to buy the 35 per cent stake held by Vodacom Tanzanias local shareholders, saying he also advised the Tanzania Communications Regulatory Authority (TCRA) against the proposed move.
It should be noted that investors within the country raised more than 200bn/- in the recent NMB Bank IPO (Initial Public Offering), which was over-subscribed many times over. Which proves that local shareholders of Vodacom should be able to raise any amount of capital they may need by floating the shares to Tanzanians, the DSE boss said.
He noted that local investors were already hungry for ownership in reputable companies such as Vodacom Tanzania, the long-standing market leader in the countrys fast-expanding mobile phone services sector.
While parent company Vodacom Group (Pty) Limited of South Africa continues to own the controlling 65 per cent stake in the local affiliate, it is understood that the remaining 35 per cent shares are now in the hands of Mirambo Limited, having acquired them from two other local firms - Caspian Construction Limited (19 per cent) and Planetel Communications Limited (16 per cent).
TCRA, being the industry regulator, was formally notified of this ownership change in April this year. And TCRA itself is understood to be opposed to a request made by Mirambo Ltd seeking the right to sell its stake in the telecoms company to foreign investors.
According to the Tanzania Communications Licensing Regulations of 2005, all telecoms companies operating in the country should have at least one local shareholder with a minimum 35 per cent stake in the firm, in order to become eligible for a telecommunication licence.
This stipulation, as noted by Njau, would make it illegal for anyone to allow the Vodacom Tanzania local shareholders to go ahead and sell or transfer ownership of their 35 per cent stake in the firm to non-Tanzanian entities.
Njau said he has officially written a letter to TCRA advising against the proposed sale.
However, Mirambo Ltd argues that there is no ongoing obligation for the company to retain 35 per cent local ownership after being granted a telecoms licence to operate in the country.
The local companys interpretation of the law is that it is merely required to notify TCRA of any occurring changes in Vodacom Tanzanias shareholder structure, rather than requiring actual permission from the industry regulator to offload its shares.
If Mirambo Ltd owners have their way, Vodacom Tanzania could become 100 per cent foreign-owned should the local shareholders decide to sell.
According to informed sources, one or all of the Vodacom Tanzania Limited local shareholders is seeking a loan of more than $20m (approx. 24bn/-) from a foreign bank, using their shares in the telecoms company as collateral.
However, the lending bank is understood to be demanding that the shares be available for purchase or ownership by a non-Tanzanian entity.
Against this backdrop, the sources say, the local shareholders have been applying increasing pressure on TCRA since last year for permission to sell to as yet unnamed foreign investors.
THISDAY has also learnt that both the Ministry of Communications, Science and Technology and the Attorney Generals chambers have become deeply involved in the matter as government representatives, though it remains unclear in what way or to what extent is this involvement.
Ilianzia huku, japo baadhi hazionekani.
Chenge amsaidia Rostam kuhamishia mali nje | Jambo Blog Network
https://www.jamiiforums.com/jukwaa-...ostam-aziz-wa-new-habari-corporation-126.html
Tusimshambulie Rostam peke yake sababu Mirambo Limited wako wakuu wengine humo ndani.
Na hapa ni mchanga wa macho tu, hawauzi share zako vodacom hata watu wafanye vipi kwani faida inayoingia sio mchezo, wanataka mkopo kwa ajili ya investments zao kwenye majumba ya biashara hapo Dar city centre.
Who are the shareholders of Mirambo Ltd? Tuanzie hapo kabla ya kwenda kwengine?