Thursday, January 14, 2010

Tanzania's Telecoms Industry Is Best Performer

Tanzania’s communications sector was the top performer in terms of the country’s national economic growth in the financial year 2008/09, with a strong increase in the mobile phone user base being the main driver.

Minister of Finance and Economic Affairs, Mustafa Mkulo, said the overall mobile subscriber base total grew from 9.5 million people in 2008 to 15 million last year, in the process increasing airtime revenues. The communications sector expanded by 19.2% in 2009 he went on to say, eclipsing the next best performance from the mining sector (15.6%), the financial sector (11.9%) and trade and construction, which grew by one percentage point to 10.5%.

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