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Vodacom to bid in consortium for Ethiopia licence
The largest wireless carriers operating in Africa are starting to form partnerships ahead of making offers for new licences to be awarded by Ethiopia.
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News
Vodacom hires Balesh Sharma as South Africa MD in major restructuring
Vodacom Group has moved to simplify its structure, creating a standalone South African operation and appointing an MD, a newly created role that will be filled by Vodafone executive Balesh Sharma.
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Vodacom hikes full-year dividend despite Covid-19
Vodacom Group has turned in a strong financial performance, allowing it to hike its full-year total dividend by 6.3% to R8.45/share before tax despite the darkening economic situation.
News
Safaricom likely to borrow to fund Ethiopia bid
Safaricom, weighing up an offer for Ethiopia’s telecommunications business later this year, plans to take on debt to fund a joint bid by a consortium including parent Vodacom and two other entities.
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Vodacom to take over management of Vodafone Ghana
Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed South African division in April, the latest step to bring the company’s operations on the continent under one roof.
Cryptocurrencies
Why crypto money should terrify governments
Every generation or so, money goes through an evolutionary shift, and 10 years from now the fiat currencies currently in use will be regarded as relics of a bygone age, much like the fax machine.
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Vodacom bolstered by data demand, international growth
Vodacom Group eked out a 1.2% improvement in normalised operating profit for the six months ended 30 September 2019 on the back of 2.5% growth in both normalised revenue and service revenue.
News
Vodacom, Safaricom plan joint bid for Ethiopia licence
Safaricom and parent Vodacom Group plan a joint bid for an Ethiopian telecommunications licence that they expect to cost as much as R15-billion.
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Safaricom first-half profit growth slows to 14%
Safaricom, a unit of Vodacom Group, posted a 14% increase in net income for the six months to September 2019 as revenue growth from mobile money was hurt by a state crackdown on sports betting.
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New CEO for Vodacom’s Safaricom unit
Kenya’s biggest company by market value, Safaricom, appointed Peter Ndegwa as CEO from 1 April 2020, amid plans for regional expansion and rising competition at home.
