Tanzania Telecommunications Corporation (TTCL) says a two-year transformation programme is beginning to pay off, with the state-owned telecom firm recording stronger revenue growth and projecting higher profits in the 2026/27 financial year as it completes its turnaround from years of financial losses.
Speaking at the 50th Dar es Salaam International Trade Fair (Sabasaba), TTCL Director General Moremi Marwa said the corporation's improving financial performance reflects sweeping operational reforms aimed at transforming the company into a commercially driven and financially sustainable enterprise.
The reforms, he said, are also in line with President Samia Suluhu Hassan's directive that public institutions should operate efficiently while generating value and returns.
"Our priority was to transform TTCL into a commercially competitive company capable of making profits," Mr Marwa said.
"We have continued implementing operational reforms, and today we are seeing encouraging results through increased revenue and an improved profit outlook."he added
Although TTCL's financial results for the 2025/26 fiscal year are yet to be audited by the Controller and Auditor General (CAG), Mr Marwa said preliminary figures indicate that both revenue and profitability have improved compared with the previous year.
"It would be premature to disclose the actual figures before the audit process is completed, but the indicators are very positive. Revenue has continued to grow, and we expect profits to increase further compared with last year," he said.
The improved outlook marks a significant shift for TTCL, which has spent recent years restructuring its operations in an effort to regain competitiveness in Tanzania's rapidly evolving telecommunications market.
"I believe the era of losses is behind us," Mr Marwa said. "TTCL is now operating with a modern business mindset. We are serving our customers more efficiently while ensuring that the resources we generate are used prudently to create sustainable profits."
The Director General attributed the turnaround to improved operational efficiency, stronger financial management and a renewed focus on customer service and commercial performance.
TTCL has been repositioning itself to compete in an industry increasingly shaped by digital technologies, expanding connectivity and rising demand for reliable communications services from both businesses and households.
The corporation's recovery also reflects the government's broader push to improve the performance of state-owned enterprises by strengthening governance, enhancing accountability and reducing reliance on public support.
Mr Marwa said TTCL would continue investing in modern telecommunications infrastructure, digital solutions and service innovation to consolidate its gains and support Tanzania's digital economy.
"We are entering a new phase of growth," he said. "Our objective is not only to remain financially sustainable but also to strengthen TTCL's role as a strategic national telecommunications company that supports economic development through modern communication technologies."
The corporation expects the ongoing reforms to further strengthen its financial position as it seeks to expand its market presence and deliver long-term value to customers, shareholders and the government.
