11 June 2019

Tanzania - Ttcl Pays Dividends Yet Ranks Highest in Accumulated Land Rent Arrears

Dodoma — Tanzania Telecommunications Corporation (TTCL) has of recent been in the news for a good reason, thanks to its dividend issuance to the government, its owner.

Unfortunately, the state-owned telecommunication firm ranks number one on the list of public and private institutions and companies as well as owners of industrial and commercial plots with highest amounts in accumulated land rents arrears.

Speaking during a meeting with heads of the institutions here on Tuesday, June 11, 2019, the Minister for Land, Housing and Human Settlements Development, Mr William Lukuvi said TTCL has accumulated land rent arrears to the tune of Sh40 billion.

A total of 207 institutions have accumulated land rent arrears to the tune of Sh200 billion, with TTCL topping the list.

On Thursday, June 21, 2018, TTCL Corporation paid the government some Sh1.5 billion as dividend for the 2016/17 financial year.

Similarly, TTCL issued a Sh2.1 billion dividend to the government this year after making a profit of Sh8.3 billion during the 2017/18 financial year.

Also Read

Court issues arrest warant of former beauty queen Wema Sepetu

Tanzania: Story of Doctors without Borders to be told in 40 photos

Govt pledges to build more police stations in Katavi Region

Tanzania: Govt to revive water supply scheme for villagers in Mtwara

Tanzania

'Negligent' Diamond Platnumz Hasn't Talked to His Children for 9 Months Now - Zari

Ugandan-born socialite Zari Hassan has revealed that bongo star Diamond Platnumz has not been in touch with his children… Read more »

See What Everyone is Watching

More From: Citizen

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.