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Investment

Investment

INVESTMENT IN TANZANIA COMMERCIAL BANK(TCB)

The Tanzania Posts Corporation is an investor in the Tanzania Commercial Bank since 1992. At that time, the Corporation and Tel-Communication were together with the Postal Bank. After the separation, the Corporation owned 30% of the shares, but due to non-investment, it has remained with 7% of shares,which is equivalent to T.sh....This gives the Corporation dividend from annual profit generated.