Vodafone Group set to sell its Ghanaian business as it plans to pay down debt

Vodafone extends zero charge on mobile money transfers

GHANA – Vodafone Group, multinational telecommunications company, is considering options to sell its majority stake in its Ghana business to Johannesburg-listed Vodacom Group, in which Vodafone is the biggest shareholder, as it focuses on reorganising the group and paying down debt, reports Bloomberg. According to people familiar with the matter, the West African country’s government will have to approve of any deal, they said. Vodafone holds a 70% stake in the Ghana business, with the balance held by the West African country’s government. The state has taken a proactive interest…

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Safaricom appoints Ilanna Darcy as its interim chief financial officer

KENYA – Safaricom, a telecom company, has appointed Ilanna Darcy as the interim chief financial officer, replacing Sateesh Kamath who is leaving to take up a similar role at a subsidiary of the telco’s parent company Vodafone Group Plc. Ms Darcy has been the head of finance planning, analysis and investor relations at the Nairobi Securities Exchange-listed firm since February 2017. She previously worked for Digicel Group in South East Asia as its CFO. “Following my earlier announcement on the appointment of Sateesh Kamath as the chief finance officer, Vodafone…

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