Tanzania, June 16 -- Dodoma. Speaker of the National Assembly, Mussa Azzan Zungu, has directed the Tanzania Communications Regulatory Authority (TCRA) and the Capital Markets and Securities Authority (CMSA) to meet the Parliamentary Budget Committee and explain why telecommunications companies have failed to comply with legal requirements to list shares on the stock market.

In 2016, the Electronic and Postal Communications Act (EPOCA) 2010 was amended and section 26 of the law introduced the requirement for telecommunication companies other than those owned by the government to sell at least 25 percent of their shares to the public, through the stock exchange.

The government also granted the companies a two-year compliance period beginn...