April 11, 2019 / 12:44 PM / 4 months ago

Vodacom Tanzania, authorities settle charges against CEO, employees

A branch South African mobile communications provider Vodacom in Cape Town is shown in this picture taken November 10, 2015. REUTERS/Mike Hutchings

DAR ES SALAAM (Reuters) - Vodacom Tanzania has agreed terms for the release of its chief executive and four other employees following their arrests last week, it said on Thursday, including a 5.28 billion shilling ($2.29 million) payment to the government.

Last week, Tanzanian authorities charged the managing director of Vodacom Tanzania Hisham Hendi and other telecom executives with economic crimes.

($1 = 2,310.0000 Tanzanian shillings)

Reporting by Fumbuka Ng'wanakilala; Editing by Jan Harvey

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