Inspiring Sustainable Business in Africa
GHANA – Telecommunications company Vodafone Plc, is set to sell its 70 per cent stake in Ghana to Africa-focused telecom company, Telecel Group, subject to regulatory approval by the Government of Ghana through the Ministry of Communications. This is part of the British telecommunications giant to refocus on key markets. Vodafone entered Ghana in 2008 when it acquired 70% stake…
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EGYPT – Emirates Telecommunication Group Company PJSC (Etisalat) has acquired 9.8 percent stake in Vodafone International Group for US$4.4 billion. The move came days after Emirates said it was looking to expand into new markets in Africa, Europe, and Asia, and into areas outside telecoms such as financial technology, as it seeks to drive growth, according to Reuters. It added…
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AFRICA – The British telecommunications group Vodafone has announced the upcoming launch of a program for the sustainable management of electronic waste in Africa. E-waste is a health and environmental hazard, containing toxic additives or hazardous substances such as mercury, which damages the human brain and/or coordination system. The initiative is aimed at strengthening its environmental commitment in the practice…
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AFRICA – Vodafone, Qualcomm Technologies, Inc., and Thales have joined forces to demonstrate a working smartphone featuring iSIM (based on the ieUICC GSMA specification). iSIM is a new technology that enables the functionality of a SIM card to be integrated into a device’s main processor. This milestone paves the way for the commercialization of the technology, which could be rolled…
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EGYPT – Vodacom Group is has announced that it will acquire Vodafone Egypt from parent Vodafone Group for US$2.71 billion, marking its entry into North Africa for the first time. The telco said the proposed transaction “provides a unique opportunity” to accelerate its growth. The group will acquire the controlling stake in Vodafone Egypt subject to regulatory and shareholder approvals and…
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SUB-SAHARAN AFRICA – The 2Africa consortium, comprising of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company, Telecom Egypt, Vodafone and WIOCC, has announced the addition of four new branches to the 2Africa cable. The branches will extend 2Africa’s connectivity to Seychelles, the Comoros Islands, and Angola, and bring a new landing to south-east Nigeria. The new branches join…
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ETHIOPIA – The Global Partnership for Ethiopia (GPE) has appointed Anwar Soussa as the Managing Director of the Operating Company in Ethiopia, effective July 1, 2021. He will report to the Board of the Ethiopia entity and Safaricom PLC Chief Executive Officer. Anwar is currently the Managing Director of Vodacom Democratic Republic of Congo (DRC) and the Chairperson of Vodacash…
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GHANA – MTN Group in partnership with Vodafone, Google and Facebook are looking to bring 5G internet connectivity in Ghana, Chief Executive Officer (CEO) of MTN Ghana, Selorm Adadevoh, said. The 5G network he noted, will be enabled through the completion of the 2Africa Submarine Cable Project. The 2Africa is one of the largest subsea cable projects in the world…
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EGYPT – Vodafone, a British multinational telecommunications company, has sold its 55% sharehoding in Vodafone Egypt to Saudi Telecom Company on a US$2.4 billion agreement after a series of missed deadlines to complete the deal. STC, the kingdom’s biggest telecom operator, had struck a preliminary deal in January with the London-listed telecoms company to buy the stake as it sought…
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ETHIOPIA – US government agency the International Development Finance Corporation (IFC) is supporting Vodafone’s consortium that is bidding for one of Ethiopia’s two new telecoms licences with a loan of US$500 million. The Washington DC based institution earlier this week invested US$300 million on Africa Data Centres. Ethiopia is most of the way through liberalising its telecoms market, which until…
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