Africa & Middle East – Page 9
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Venturing & InvestmentsWorld Bank investment arm swoops for stake in Safaricom Ethiopia
World Bank’s IFC to take minority stake in STE with $157.4m equity investment in parent Global Partnership for Ethiopia.
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PremiumVodafone FY22–23: Egypt central to Vodacom’s next phase
CEO Shameel Joosub talks up gains from Egyptian acquisition as Vodacom sets sights on growth.
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PremiumVodafone FY22-23 Spend: OpCos shuffled as gap at the top narrows
Vodacom and Vodafone UK see capital allocation uptick as German frontrunner drops off pace.
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PremiumVodafone FY22–23 Headlines: growth “possible”, but returns prove costly
Vodafone’s revenue creeps up but not without challenge.
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PremiumVodafone Peoplewatch: new CCO named in Italy exec rejig
May 2023 update: Vodafone Italy reveals executive team changes with Lorenzo Forina set to become CCO.
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Strategy & ChangeTowerXchange Europe: TOTEM CEO outlines need for change to meet “endless” capacity demand
Nicolas Roy says industry needs to do its own homework and implement digital processes. “Tight link” between TowerCos and MNOs underpinned by offer of more specific site solutions.
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Network & Infrastructure“Disastrous” load shedding threatens to constrict Vodacom network ambitions
Vodacom management laments load shedding policy as investment reallocated to fund backup energy solutions.
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PremiumElsewhere in Africa: Ethiopia prepares to invite third operator to market
Ethiopia prepares to invite third operator to market.
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Financial & PerformanceVodafone FY22–23: Della Valle to bring Group “back to basics” with business-first approach
New CEO wants Group turnaround to build on existing strengths in B2B while fixing customer experience declines.
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PremiumVodacom seeks pan-African play for emerging fibre biz
Vodacom CEO Shameel Joosub is looking to build the Group’s fibre assets beyond South Africa once CIVH deal is closed.
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PremiumSafaricom granted licence for Ethiopian M-PESA launch
Ethiopian national bank hands Safaricom Telecommunications Ethiopia its mobile money licence, breaking state monopoly.
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PremiumVodafone Peoplewatch: new OpCo CEO amid changes in Europe
April 2023 update: Series of changes include new Albania CEO and senior swaps in Greece and Hungary.
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PremiumElsewhere in Africa: New M PESA Rallonge overdraft service introduced in DRC
New M‑PESA Rallonge overdraft service introduced in DRC, but Safaricom accused of providing illegal OD facility in Kenya.
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PremiumDubai’s Raxio lands funds to fuel seven-market African data centre expansion
Dubai-headquartered data centre player secures debt facility to boost pan-African construction effort.
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PeopleLatest Orange people moves: Laurent Martinez named new finance chief
Laurent Martinez to serve as Executive Director of Finance, Performance & Development from September.
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PremiumVodacom to spend billions of rand on IPP energy
Vodacom close to purchasing energy from IPPs; deal set to complete in the “coming days”.
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PremiumVodafone people moves: Vodafone Business selects new International & EU-Cluster Director
Fánan Henriques pivots from role as Director of Strategy & Transformation to become International & EU Cluster Director at Vodafone Business.
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PremiumShared services hub to enable new market expansion in ‘One Africa, One M-PESA’ drive
Safaricom- and Vodacom-backed m-money venture launches new operations centre for centralised continental oversight.
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PremiumWorldLink bags funding to expand Nepal coverage
Nepalese ISP WorldLink to leverage financing from British International Investment and Dolma Fund Management to expand coverage.
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PremiumSafaricom hit with boycott as Kenya protests roll on
Opposition leader names operator among “enemies of the people” enabling President Ruto’s “brutal regime”.