Tag: Vodacom

Telecommunications

Vodacom to acquire 20% stake in Kenya’s Safaricom

Vodacom Group Ltd, the African subsidiary of Vodafone Group, has reached an agreement to acquire a 20 per cent stake in Safaricom Plc, Kenya’s leading telecommunications operator. Vodacom will purchase a 15 per cent stake from the Government of Kenya for €1.36 billion (KES 204 billion) and a 5% stake from Vodafone for €0.45 billion […]

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Vodacom acquires Kenya’s Safaricom with $2.1bn

Vodacom Group Ltd. is set to take control of Safaricom Plc after striking a $2.1 billion deal to acquire additional shares from the Kenyan government and Vodafone International Holdings BV. This significant move deepens Vodacom’s bet on East Africa’s most profitable telecom market. In a stock-exchange filing, the South African operator said it will buy […]

M-Pesa hits 34.4% revenue growth, 400K new customers
Business

M-Pesa hits 34.4% revenue growth, 400K new customers

Mobile money giants, M-Pesa, announced a revenue increase of 34.4%, amounting to $106m in the second quarter of 2023. Vodacom CEO, Shameel Joosub, revealed that the company also grew its customer base with an addition of 400,000 new users. Currently, M-Pesa serves an impressive 51 million customers across seven countries, offering vital last-mile financial services. […]

M-Pesa
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Vodacom, MultiChoice partner on app development

Vodacom Tanzania has announced a partnership with MultiChoice Tanzania’s DStv, allowing subscribers to access the digital television service through the M-Pesa app via the MyDStv App. The mobile operator acknowledged that it wants to turn M-Pesa into a Super App and ecosystem that other apps can operate and integrate into, much like the Google Play […]