TTCL Returns to Profit and Wins Samia Special Award

In Short

• Tanzania Telecommunications Corporation (TTCL) has been recognised by President Samia Suluhu Hassan for returning to profitability.
• TTCL reported a profit of TSh 22.9 billion in the last financial year.
• The company also paid a TSh 1.6 billion dividend to the government.

What Happened

TTCL, Tanzania’s state-owned telecom operator, says it has returned to profit after a long period of financial strain. The announcement was marked with a special award presented by President Samia Suluhu Hassan at the State House in Dar es Salaam.

According to the Treasury Registrar, Nehemia Mchechu, TTCL moved from a TSh 18 billion loss recorded in the previous year to a TSh 22.9 billion profit in the latest financial year. A dividend is a share of profits paid to owners, and TTCL said it paid TSh 1.6 billion to the government.

The recognition came during the Public Institutions Performance Awards ceremony. Officials framed the turnaround as evidence that reforms in public enterprises, including tighter oversight and stronger accountability, are starting to translate into cash returns.

President Samia urged public institutions to keep improving productivity by investing in technology and modern management systems. In plain terms, that means upgrading networks, tools, and internal processes so services run better and costs are easier to control.

Why It Matters

TTCL’s profit and dividend signal a shift in how some state-owned telecom assets are being managed in Tanzania. For operators and suppliers across the telecom and connectivity value chain, a healthier balance sheet can mean more predictable spending on network upgrades and service delivery.

The result also strengthens the government’s case for performance-based reforms in public institutions. With Tanzania’s National Development Vision 2050 in view, profitable public companies can contribute more through dividends, taxes, and broader infrastructure investment.

For the wider market, the message is clear, operational discipline and technology investment are becoming central to how public telecom firms are judged, not just coverage claims or subscriber numbers.