Use of Telecommunication Licenses as Collateral

BENKI KUU YA TANZANIA
2 MIRAMBO STREET
11884 DAR ES SALAAM
TANZANIA
Simu ya Mdomo: +255-22-
2235529/2234494/95/97
Anuani ya Simu: “BENKUU”
Kumbukumbu
Ref. No.
BANK OF TANZANIA
2 MIRAMBO STREET
11884 DAR ES SALAAM
TANZANIA
Phone: +255-22-
2235529/2234494/95/97
Fax: 2234189
CABLE: “BENKUU”
FA.628/170/01/6 4th March 2020
To: All Banks and Financial Institutions RE: USE OF TELECOMMUNICATION LICENSES AS COLLATERAL Reference is made to the captioned subject. The Bank of Tanzania wishes to bring to your attention the requirements of Section 24(1) and 73 of the Electronic and Postal Communications Act, 2010 which restricts and prohibits transfer of licenses issued by the Tanzania Communications Regulatory Authority (TCRA). Accordingly, such licenses cannot and should not be taken as collaterals for the purpose of lending. Please be advised accordingly. Yours faithfully, BANK OF TANZANIA DIRECTORATE OF FINANCIAL SECTOR SUPERVISION