Africa – Page 16
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M&AVodacom aims for 100m fintech users on road to sale
CEO Shameel Joosub sets sights on nine-figure base to win better bargaining position with potential buyers and partners. Vodacom taking control of fintech offerings in Ghana and Egypt, to fuel expansion.
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Enterprise (B2B)Safaricom upping B2B ante with new marketplace
Kenyan operator looking to connect better with small business requirements. Move furthers Safaricom’s “fintech-anchored” digital growth strategy.
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M&AVodafone’s nudge technique gets STC ‘back to table’
Regional media reports indicate that Saudi Telecom Company is seeking to revive a buyout of the Group’s Egyptian business, after failure of 2020 deal. Move follows Vodafone’s exploration of an internal switch of Egyptian OpCo.
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PremiumVodafone people moves: Ethiopia hierarchy laid out
Inaugural leadership team named at Safaricom Telecommunications Ethiopia, with remaining executives reported in local press. Vodafone Ghana opens search for new CTO after incumbent exits for MTN. Further changes at Partner Markets after meld within Vodafone Business.
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Strategy & ChangeElsewhere in Systems Solutions: oneclick expands partnership
oneclick expands partnership; Telekom Security offers training tools.
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PremiumVodafone Q1 FY21–22: ‘Phase two’ relaunched with M&A sweetener
Some hints of compromise with City overseers as Vodafone re-seeds post-pandemic, digital-led growth plan. New Chairman van Boxmeer appears to be lighting a fire under Group mindset and strategy. M&A talked up as a lever to help Vodafone in the push to revive growth. Another chunk of Vantage could ...
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M&AT-Systems offloads South African remnant
Deutsche Telekom’s enterprise unit wraps up SA exit after selling training and development provider. Continuation of T-Systems slimming drive
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Strategy & ChangeElsewhere in Vodafone Partner Markets: MTS acquires Factorin
Developments from around Vodafone’s softpower network. MTS acquires control of Factorin. SoftBank continues satellite broadband endeavours. Musical chairs at Tele2.
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PeopleSafaricom taps Guinness exec as Ethiopian CFO
Top finance and people hires confirmed as Safaricom Telecommunications Ethiopia plots build out. Startup operator aiming for 1,000-strong headcount to support 2022 launch.
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Strategy & ChangeEthiopian mobile: Tigray overshadows Safaricom-Voda market entry
Escalating conflict and humanitarian crisis spreads in northern region. Prime Minister Abiy Ahmed criticised for Tigray response, but undeterred on reform agenda and courting private investment. What is Safaricom-led OpCo getting into? Unrest brews challenging conditions, as US sanctions threaten OpCo funding. Vodafone keeps a low profile in Ethiopian ...
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Strategy & ChangeVodacom-owned XLink lays groundwork for new MD
Fleet-footed 2016 acquisition on the lookout for new leader. MD incumbent yet to reveal next step. Recent re-positioning sees provider embrace cloud and up focus on finance and retail markets.
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Network & InfrastructureVodacom starts TowerCo separation sequence
Operator looking to install managing executive, and then fuller leadership team, to drive tower separation plans outlined in May. Plan to explore stake sale reiterated. Initial focus on biggest market South Africa.
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Venturing & InvestmentsAfrican energy startup borrows $100m for scale-out plan
Safaricom partner Circle Gas secures nine-figure loan to drive expansion in African (and potentially Asian) markets. Targets include Nigeria and neighbouring markets of Kenya and Tanzania, where startup is already present. Capital needed for investment-heavy distribution platform.
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PeopleVodacom Tanzania names Mdlalose CEO
Former Vodacom SA CFO takes the reins from Madrid-bound Hendi. Well-travelled Mdlalose looks to settle into Tanzanian challenge.
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Network & InfrastructureVodacom talks up Dialog network upgrade
OpCo “enjoying the benefits” from ST Engineering’s Newtec Dialog VSAT migration. Installation completed under lockdown, with remote support key.
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Public AffairsSafaricom split proposal all but quashed
Overwhelming majority of MPs choose not to engage in debate over Kenyan operator’s future structure. Controversial proposal does little to revive ghosts of the past.
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Partnerships & AlliancesTelecom Egypt to hold Vodafone to “strict” dividend deal
Executives of Vodafone’s Egyptian partner suggest new deal gives watertight dividend flow from their joint mobile business. Agreement creates path for Vodafone to do an internal switch of its Egyptian OpCo, following failed Saudi Telecom deal.
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Strategy & ChangeSafaricom looks closer to Ethiopian fintech expansion
Newly established Ethiopian OpCo reportedly given green-light to offer fintech service by market regulator. But incumbent rival already gifted year-long head start in m-money services realm.
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Products & ServicesIoT.nxt takes sports performance platform on tour
Rugby team the first to leverage IoT.nxt’s PLAYER.Connect real-time sports performance platform. Vodacom-owned IoT specialist targets fresh industry segment, drawing on breadth of Vodafone partnerships.
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PeopleNew digs for Vodacom exec duo
Vodacom DRC sources from within for new MD appointment. Al Americani to head digital services push following Soussa’s transition to Ethiopia. Vodafone veteran Hendi swaps Tanzania for Spain.