Africa – Page 6
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M&Ae& weighs 20% Vodafone stake, but keeps investment options open
e& testing the waters with regulatory and competition authorities in multiple countries on raised stake, with “no red flags” raised yet.
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Financial & PerformanceQ1 FY23–24: Vodafone’s turnaround trudges on as Della Valle heralds ‘first steps’
CEO Margherita Della Valle claims early efforts are starting to bear fruit as the Group posts revenue growth.
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Financial & PerformanceVodacom boosts revenue as Egypt proves its worth
Group’s Q1 results showcase strength of Vodafone Egypt addition, but revenue growth recorded with or without the North African OpCo.
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Partnerships & AlliancesSafaricom commits to Ethiopia’s digital transformation agenda
STE, JICA, and Sumitomo add signature to collaboration agreement as state seeks to further Digital Ethiopia 2025 strategy.
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PremiumVodafone Q1 FY23-24 Headlines: Europe battles on despite stumbles at the top
European markets battle on but Germany, Italy, and Spain still faltering.
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Network & InfrastructureVodacom pledges more cash for network and backup power expansion
Vodacom investing in network and power backup upgrades in South Africa’s Eastern Cape.
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Financial & PerformanceKenya “talent war” rages as Safaricom focuses on skills
Kenyan operator warns that the talent pool must grow wider and deeper to achieve digital transformation ambitions.
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PremiumElsewhere in Africa: Authorities break up battery theft crime ring
Authorities break up battery theft crime ring.
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Venturing & InvestmentsSafaricom plans new venturing vehicles for startup, scaleup investments
Kenyan operator proposes to launch new Venture Co. vehicle for scaleup investments and re-launch Spark Fund for early-stage startups.
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PremiumVodafone Peoplewatch: Cell C swoops for ex-Vodacom execs
June 2023 update: Former Vodacom consumer chief Jorge Mendes takes top job at South African operator Cell C.
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Strategy & ChangeE& expansion rumours encroach on Vodafone turf
Vodafone’s largest shareholder following through with global growth ambitions, with early targets coinciding with European operator’s satellites.
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PremiumVodacom names partner for merchant network expansion
Network International provides managed payment services for Vodacom Financial and Digital Lifestyle Services.
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Partnerships & AlliancesSafaricom builds Kenyan smartphone factory in budget device drive
Operator joins Chinese manufacturer and Kenyan ISP Jamii to co-create cut-price smartphones.
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OperationsProgress made, but long road ahead for Vodacom on emissions reduction
Group reports 17.3% downturn in total Scope 1 & 2 emissions when compared to previous FY.
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Partnerships & AlliancesVodacom forges partnerships, bundles services in DRC mining boom
Vodacom Business targets further services expansion for DRC mining customers, building on existing partnerships.
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PremiumVodafone people moves: Safaricom reveals new networks chief
Safaricom welcomes back Anthony Gacanja and names him Networks Director.
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PremiumElsewhere in Africa: Ethiopian market braces for third entrant
Ethiopian market braces for third entrant.
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Venturing & InvestmentsWorld Bank investment arm swoops for stake in Safaricom Ethiopia
World Bank’s IFC to take minority stake in STE with $157.4m equity investment in parent Global Partnership for Ethiopia.
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PremiumVodafone FY22–23: Egypt central to Vodacom’s next phase
CEO Shameel Joosub talks up gains from Egyptian acquisition as Vodacom sets sights on growth.
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PremiumVodafone FY22-23 Spend: OpCos shuffled as gap at the top narrows
Vodacom and Vodafone UK see capital allocation uptick as German frontrunner drops off pace.