PRESIDENT JOHN MAGUFULI; ALL STATE-OWNED ENTITIES TO GIVE DIVIDENDS BY JULY 2019

President John Magufuli displays a 2.1bn/- dummy cheque as dividends presented to him by TTCL Corporation Board Chairman, Omary Nundu (second right), during a ceremony held in Dar es Salaam yesterday. Left is Chairman of the Parliamentary Committee on Infrastructure, Moshi Kakoso, TTCL Corporation Director General, Waziri Kindamba and Minister of Works, Transport and Communications, Eng. Isack Kamwele.

President John Magufuli yesterday ordered State-owned entities to give dividends to the government by the end of July this year. He also directed the Treasury Registrar to write to all 253 parastatal companies in which the Government has ownership of shares to implement the legal requirement of giving dividends in two months time from now.

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