Vodacom to expand operations in Tanzania

By professo

The South African Vodafone subsidiary, Vodacom, has announced plans to expand its operations in Tanzania.

The communications company is the only telcom to be currently listed on the Dar es Salaam Stock Exchange.

Vodacom has entered discussions with the Tanzanian government, as well as mobile phone operators, to consider the options of expansion.

“Should opportunities present themselves for in-market consolidation in Tanzania, we will have a look if the regulatory environment is favourable,” stated Vodacom’s Chief Executive Oficer, Shameel Joosub.


“We’re having discussions with parties to see if there are opportunities.”

The company raised approximately $225mn last year in order to become the first and only telecom to list on Tanzania’s largest city’s stock exchange.

Last year, Vodacom also purchased a 35% stake in Safaricom Plc, the Kenyan communications firm, in a bid to expand across East Africa.


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital