Vodacom Group has appointed Mohamed Abdallah as CEO of its international markets.
Browsing: Vodafone Egypt
Vodacom Group now processes more than $400-billion in transaction value annually through its mobile wallet offerings.
Vodacom Group reported a 6.4% drop in full-year profit due to load shedding and operational activities.
Vodacom Group delivered a 4.7% increase in normalised revenue, to R30.7-billion, in the quarter ended 31 December 2022.
Vodacom Group has completed its acquisition of a controlling 55% stake in Vodafone Egypt from parent Vodafone Group.
Vodacom Group reported a 5.2% year-on-year improvement in quarterly revenue on the back of a “resilient” performance in its home market.
Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.
Vodacom Group’s planned acquisition of Vodafone Egypt from its parent, Vodafone Group, has received the go-ahead from shareholders.
Vodacom Group is targeting a 27% expansion in its financial services customer base to 73 million by March 2024.
Vodacom Group is entering North Africa for the first time, announcing on Wednesday that it will acquire Vodafone Egypt from parent Vodafone Group for R41-billion.