Tag Archives: Vodafone
Vodafone: Latest News
Peter Pedroncelli, 5:42 am
South Africa’s largest mobile carrier, Vodacom, is set to undergo a massive rebranding of the company in an effort to open up additional business opportunities with regards to an increasingly digital future. The update in branding is a global effort, with parent company Vodafone leading the change with a new logo (pictured below) and tag line which states: “The Future Is Exciting, Ready?”. The new logo enables 2D visualisation, with 34 countries set to experience the change.
Peter Pedroncelli, 4:39 am
South African telecommunications giant Vodacom is in the process of acquiring a majority stake in Kenya’s largest company and major East African telecoms firm, Safaricom. The announcement was made on Monday, with a proposed 34.94 percent indirect stake set to be bought from the Kenyan government. The stake is worth 284 billion Kenyan shillings or around $2.76 billion, based on Safaricom’s current share price on the Nairobi Securities Exchange.
Dana Sanchez, 7:06 pm
Why didn’t mobile money transfer service M-Pesa live up to Vodacom’s expectations in South Africa? Here’s one explanation. Payments providers in South Africa are treated as banks and subject to the full regulatory compliance requirements and costs associated with them. This forces them to partner with banks in complicated joint ventures where banks naturally would like to see the mobile money product do well, but not too well.
Kevin Mwanza, 5:43 am
East Africa has emerged at the leader in mobile payment over the years, with countries like Kenya having more than two-third of its adult population using mobile phones to transact. With the mobile money market in sub-Saharan Africa expected to double by 2019, lack of interoperability between telecoms operators and cross-border restrictions has stood out as one of the key challenges that face the growth of the revolution.
Kevin Mwanza, 8:41 am
Kenya’s revolutionary mobile money service M-Pesa, hosted by Vodafone’s subsidiary Safaricom, will now be available in seven African countries after Africa’s largest telecom MTN Group signed a deal to extend the service to its customers in other Eastern African countries. Vodafone, which owns 40 percent of Safaricom, last week reached a deal with MTN to allow their subscribers across the region to transfer
Tom Jackson, 6:38 am AFKI Original
The trend in Africa’s growing telecommunications sector has increasingly been towards consolidation over the last few years. Be it infrastructure sharing or a host of mergers and acquisitions, Africa’s operators are working together, and the space is getting less competitive as a result.
Staff, 8:25 am
South Africa will probably first sell its stake in a Vodafone Group Plc unit as it disposes of state assets to raise funds for power plants needed to stoke economic growth, five people familiar with the matter said. The government owns 13.9 percent of Vodafone-controlled Vodacom Group Ltd., worth about 28 billion rand ($2.4 billion) at its current share price. The state doesn’t deem the stake as strategic because of its size and a sale will probably not face opposition from labor unions
Staff, 1:39 pm
Vodafone Ghana Limited has commended and rewarded five female students from the Kwame Nkrumah University of Science and Technology (KNUST) and Ghana Technology University College (GTUC) for their courage to pursue engineering courses. The academic user fees for the five engineering female students, Joycelyn Aduakye and Rebekah Nhyira Bedford, all from GTUC, Edith Ghunney, Naa Korkor Adjoa Ghunney and J’ezkella Afoakwah, all from KNUST, were paid for by Vodafone.
Makula Dunbar, 11:10 am
Vodafone and telecommunications provider for Sub-Saharan Africa Afrimax have announced a strategic partnership for the exploration of potential partner markets across the region, as well as the signing of a partner market agreement in Uganda. The companies said the non-equity framework agreement will see them explore the potential partner market opportunities across Sub-Saharan Africa
Ann Brown, 5:00 pm
From Ghana Web Vodafone Ghana has hinted to Citi Business News of its plans to list on the Ghana Stock Exchange (GSE) soon. According to Vodafone Ghana its two main shareholders Vodafone group and the Government of Ghana are studying trends on the GSE to make the move. The first Deputy Governor of the Bank […]
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