Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. We operate 24 hours a day, 365 days a year with complete context, perspective and precision.
Monday, 15 April 2019
COURT CONVICTS VODACOM TANZANIA CEO, ACCOMPLICES OF ECONOMIC SABOTAGE
Vodacom Tanzania Managing Director, Hisham Hendi (pictured) and his eight accomplices were last week convicted of economic sabotage and sentenced to seven years imprisonment or payment of over 6bn/- fine.
The 6bn/- fine includes the 5.8bn/- loss that the government and Tanzania Communications Regulatory Authority (TCRA) suffered and 120m/- as total fine for each of the seven counts the the accused faced.
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