Ukiangalia vizuri most on those list r listed. In Tanzania the likes of Bakhresa, METL, Lake Oil n Mount Meru can easily make up in list entrance of were not private. Vodacom Tanzania can also make up a list too though has just listed probably during compilation of this report her data couldn't be accessed. Wonder why Acacia gold not there?
Inashtua kinoma yani,Nigeria nao tengeduh! south africa wamejaa kote...we've got to do something about SA dominance
Tunameza beer sana..Tz walevi kweli ni wengi
14 companies in Tz can't get half of safaricom's profitsAFRICATECH
MAY 11, 2018 / 12:33 PM / UPDATED 9 HOURS AGO
Vodacom Tanzania eyes more spectrum after solid annual earnings growth
Fumbuka Ng'wanakilala
DAR ES SALAAM, May 11 (Reuters) - Vodacom Tanzania reported a 6 percent rise in full year pretax earnings on Friday, helped by the launch of cheaper smartphones, and said it plans to buy additional spectrum to boost internet services.
Vodacom Tanzania, majority owned by South Africa’s Vodacom Group, said in a statement that EBITDA rose to 266.4 billion shillings ($117 million) in the year through March, as new, cheaper smartphones helped drive a 35 percent jump in revenue from mobile data to 141.6 billion shillings.
Service revenue increased 6 percent from a year earlier to 966.3 billion shillings, while income from mobile money payment services rose 17 percent to 291.2 billion shillings.
Voice revenue fell 6 percent to 392.3 billion shillings following a decision by Tanzania’s telecoms regulator in January to cut the mobile termination rate, a fee operators pay each other for calls made from one network to another.
“Vodacom has filed an appeal with the Fair Competition Commission against the regulator’s decision to impose a 42.1 percent reduction in the mobile termination rate,” Vodacom Tanzania’s Managing Director Ian Ferrao told investors on a conference call.
“We are seeing some pressure on voice revenue ... data pricing also needs to be repaired, but this will depend on how our competitors act.”
Vodacom controls has around a 32 percent market share of the country’s 40 million mobile subscribers. Other major players include Tigo Tanzania, a subsidiary of Sweden’s Millicom , and a local unit of India’s Bharti Airtel .
Ferrao said Vodacom plans to take part in Tanzania’s first spectrum auction expected to be held next month, aiming to acquire an additional 700 MHz of spectrum that would enable the mobile operator to roll out 4G services to more towns and cities in East Africa’s third-biggest economy.
Vodacom Tanzania eyes more spectrum after solid annual earnings growth
MY TAKE
Vodacom Tanzania would have been above TBL.
When u have monopolistic market share of 80% n most of ur airtime, data n mpesa charges r above Vodacom, what do u expect?14 companies in Tz can't get half of safaricom's profits
That was 2016,Geza Mtu wakusema ati bekhresha revenue this ati Azam turnover that... .
But when compared to the other big boys in the continent unakuta hawatoshi mboga.
Wale ni wazungu mazee, sio waafrica sema wapo kwy aridhi ya africaduh! south africa wamejaa kote...we've got to do something about SA dominance
I think you are right...Wale ni wazungu mazee, sio waafrica sema wapo kwy aridhi ya africa
Ni ujinga wa hali ya juu kutoiweka Acacia gold n yet all her mines, 3 in total r in Tanzania n listed at DSE n LSE. The report is biased n pretty sure a Kenyan compiled it.I think you are right...
What is the total market capitalization of Acacia Gold? Bring forth your proof alongside your answer.Ni ujinga wa hali ya juu kutoiweka Acacia gold n yet all her mines, 3 in total r in Tanzania n listed at DSE n LSE. The report is biased n pretty sure a Kenyan compiled it.
Sijui wengine wenu ni shule hamjaenda ama ni ujinga tu. We are talking about net profit na wewe unaongelea turnover. Nionyeshe Kampuni Tanzania iliyo na net profit ya $500 million.This was 2015 METL Group had a turn over of $1.9bln, n yet Kenyans in here brags of a company with a turnover of $500mln! Seriously?
APRIL 24, 2015 / 12:05 PM / 3 YEARS AGO
Tanzania's METL Group eyes Africa expansion as middle class grows
Fumbuka Ng'wanakilala
DAR ES SALAAM (Reuters) - Manufacturing and trading firm Mohammed Enterprises Tanzania Ltd, one of the country’s biggest private employers, said on Friday it would invest $250 million to expand its business in Africa to capitalise on a growing middle class demand.
Chief Executive Officer Mohammed Dewji also told Reuters he was upbeat about prospects in Tanzania, whose economy has been growing at about 7 percent a year and which he said could accelerate to 10 percent as natural gas finds were exploited.
Despite the global financial crisis, African economies have recorded some of the fastest growth rates outside Asia, creating a bigger middle class and drawing local and foreign investment.
“Our vision is that by 2020/21, we want to be a $5 billion revenue company,” said the CEO of the firm also known as METL Group. Revenue was expected to reach $1.9 billion in 2014/15.
Regarding plans to invest $250 million over two years, Dewji said: “Half of this ... will be our equity and the other half will be raised through banks.”
Tanzania’s capital market authorities have been trying to encourage family-owned firms like METL Group to list, saying it would offer cheaper financing. But many such firms are reluctant to cede control to outside shareholders.
“I don’t see us listing on the stock exchange in the near future,” said Dewji. “We are still building the company.”
The company operates in 11 African nations, mostly in east Africa, including Kenya and Uganda, as well central and southern states such as the Democratic Republic of Congo and Mozambique.
“We want to expand our presence in countries such as Zambia, Mozambique, Rwanda, Burundi, Madagascar and Ethiopia,” he said, adding the focus for investment would be in manufacturing, particularly cotton, without giving further details. The group already has cotton mills in Mozambique and Zambia.
Established in the 1970s, the firm has more than 30 factories making consumer products ranging from bicycles and detergents to edible oil and beverages. Other investments cover the agriculture, infrastructure, energy and mobile phone sectors.
Dewji said a growing middle class was driving demand.
“Over the last decade, Tanzania for example has recorded an annual formal growth of 7 percent. I think, informally, we are growing at a much faster pace,” he said, a reference to the large number of unregistered businesses and informal workers.
He said large offshore gas finds could lift growth further.
METL employs 24,000 mostly in Tanzania. Dewji said he expected this to rise to more than 100,000 in five years.
Tanzania's METL Group eyes Africa expansion as middle class grows
MY TAKE
I challenge any Kenyan to come up with one Kenyan company with a turnover of $1bln!
Kwa vipimo vigezo vyakoVery True its a useless list, any list without Bidco oil company and bakhresa group is Just usless propaganda 😀
That's net profit n not EBIDTA! N as we speak METL Group is over $3 bln in revenues while Safaricom is $2.1 bln for 2017. So u can figure out how net income can METL have!Sijui wengine wenu ni shule hamjaenda ama ni ujinga tu. We are talking about net profit na wewe unaongelea turnover. Nionyeshe Kampuni Tanzania iliyo na net profit ya $500 million.