Vodacom Tanzania’s H1 core earnings rise on M-Pesa, data revenue

DAR ES SALAAM, Nov 8 (Reuters) – Vodacom Tanzania’s core earnings rose 9.3% in the six months to the end of September, driven by increased revenue from its financial and data provision services, it said on Friday. Tanzania’s biggest telecoms operator, which is partly owned by South Africa’s Vodacom, said revenue from its M-Pesa financial

Ethiopia to install 4G network ahead of telecoms liberalisation

ADDIS ABABA, Aug 30 (Reuters) – Ethiopia’s state-run Ethio Telecom plans to install a 4G network in the capital and other regions and to upgrade other network services, it said on Friday, as the government prepares to open up the sector to private foreign investment. In July, Ethiopia announced it would award two telecoms licences

UPDATE 1-Kenya’s Safaricom appoints former boss Joseph as interim CEO

(Adds details, background) NAIROBI, July 2 (Reuters) – Safaricom said on Tuesday it had appointed board member Michael Joseph as interim chief executive officer after the Kenyan telecom firm’s long-time executive Bob Collymore died of cancer. Collymore, the chief executive who helped to turn Safaricom into East Africa’s most profitable company with an $11 billion

Bharti Airtel to pay Tanzania $26 mln, cancel debt at unit to settle dispute

DAR ES SALAAM, June 10 (Reuters) – India’s Bharti Airtel has agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit, the Tanzanian government said on Monday. Tanzania’s minister for foreign affairs and east Africa cooperation, Palamagamba Kabudi, announced the

UPDATE 2-Vodacom Tanzania pleads guilty, settles charges against CEO, employees

(Adds quotes) By Fumbuka Ng’wanakilala DAR ES SALAAM, April 11 (Reuters) – Vodacom Tanzania has agreed terms for the release of its chief executive and four other employees following their arrests last week, it said on Thursday, including a 5.28 billion shilling ($2.29 million) payment to the government. Last week, local authorities charged Hisham Hendi

UPDATE 2-Vodacom unit alleged to have caused $4.76 mln loss to Tanzania

(Adds details) NAIROBI, April 4 (Reuters) – Vodacom Tanzania said on Thursday the government had accused it of causing an 11 billion shilling ($4.76 million) loss linked to allegations of fraudulent use of network facilities against its managing director and other executives. “A bail application for the individuals in police custody will be heard in