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Friday, April 29, 2016

Dar telecom invests 3bn/- in community projects

DAILY NEWS Reporter
VODACOM Tanzania has invested over 3.09bn/- into corporate social investment projects over the past three years.
Vodacom’s Managing Executive, Corporate Affairs, Ms Roselynn Mworia, said in Dar es Salaam that the investments took place in health, education, social welfare, gender equity and women empowerment.

In addition, Ms Mworia said the company’s capital investments over the period of 2012/13 to 2014/15 was 664b/- into modernising its network to single RANs. She said the capital investment led to the increasing quality of services and reducing communications cost.
“The additional economic activity realised as a result of this investment included 287b/- added to the GDP, representing 0.2 per cent of Tanzania GDP and Sustained about 560 direct jobs and 800 indirect jobs,” she noted.
Basing on the report released, Ms Mwori said that Vodacom’s increasing presence and resulting increasing revenue in the Tanzanian market has assisted in contributing positively towards economic development through its contributions to the mobile industry.
On the other hand, Ms Mwori said that the company continued investment in communities will assist in reducing unemployment, poverty and improve people’s lives.
“This will also support economic growth through the upliftment of communities and poverty elevation. In addition, Vodacom throws its full support behind the realisation of the Tanzania Development Vision 2025 and its objectives,” she said

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