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.
Browsing: Safaricom
Safaricom and parent Vodacom Group plan a joint bid for an Ethiopian telecommunications licence that they expect to cost as much as R15-billion.
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.
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.
Mobile money is the fastest growing source of income for network operators such as MTN and Safaricom, outpacing data.
African telecommunications authorities must walk a fine line when it comes to regulating the move of mobile operators into financial services.
Safaricom, Kenya’s most valuable company, has appointed Michael Joseph as interim CEO following the death of Bob Collymore.
Safaricom CEO Bob Collymore, whose push into mobile payments spurred a five-fold increase in the Kenyan company’s value, died after a battle with cancer. He was 61.
Among Facebook’s justifications for introducing a new digital currency, libra, the company has offered one pious rationale: to connect the 1.7 billion adults who lack bank accounts to the global financial system.
Vodacom cut its full-year dividend to R7.95/share for the year ended 31 March 2019, a 2.5% decline from the R8.15/share it returned to shareholders in 2018.