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Telecommunications company Vodacom expects to contribute a total of Sh130 billion as tax payments in fiscal year 2012/13. These payments Makes Vodacom convey more than Sh700 billion ilizokwishalipa as rent since 2001 Speaking yesterday to journalists in here, after a meeting with the Speaker of the National Assembly, Anne Makinda, CEO of Vodacom Tanzania, Rene table said tax payments to the government reached more than 60 per cent of the total investment Vodacom Tshs 13.1 trillion since 2001 Table said the company yak has plans to spend more than Sh120 billion in network upgrade, service ubiquitous and development of the introduction of new technology in the fall of 2012 stressed the commitment the company in continuing to pay taxes accordingly for Revenue Authority Tanzania (TRA) and the Regulatory Authority Tanzania Communications (TCRA) "Soon we optimize the network for more than Sh100 billion by the end of March 2012, and we have a plan to invest more than Sh120 billion to continue to strengthen ubiquitous our nationwide network. "Vodacom also created 450,000 jobs including the Money M- agents, wholesalers and small along with 450 other employees directly in the company," said Table. He added that the company also has provided more than Sh3.4 billion for the government as a contribution to the Development Fund for Rural Communication Services, to help the community have investment plans in the field of environment and wildlife, education, health and social welfare. It also noted that in the last five years, the Company has invested in projects of social services through the Vodacom Foundation, which has reached a Sh5 billion and that the amount will continue to increase since the company is committed to invest more in development projects and social services in different parts of the country. Vodacom boasts success in supporting the Government's objectives of facilitating financial services to the public within one year between 2011 and 2012 where the Sh6.6 trillion was transferred into the path of M -PESA.
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