African telco CEOs aim to accelerate digital inclusion

The telco remains confident that the conflict in DRC will be resolved, and its immediate aim is to protect its people and extend help through the company's foundation.

The telco reported significant commercial momentum in Egypt, with a 40.7% growth in financial service subscribers to 10.5 million and a 25.6% increase in data traffic.

The initiative will extend network coverage and enable access to telecoms and mobile financial services to up to 19 million people in less densely populated rural communities.

Together with AWS, Microsoft, Skillsoft and other organisations Vodacom aims to bridge the digital skills gap across Africa and upskill young people.

The Egyptian operating arm of Vodacom shows positive growth and performance, as it further commits to the market.

In the current reporting period, M-PESA contributed 42.9% of Safaricom's service revenue, totalling $600.09 million.

In a statement issued yesterday, the Competition Tribunal stated that the proposed deal was rejected after relevant industry consultation.

Vodafone, which owns 65.1% of Vodacom and is led by Margherita Della Valle as CEO, requested to be admitted as a friend of the court to offer assistance to its subsidiary.

The visit came as Safaricom announced it is focusing on growing operations for Ethiopia's digital future, which would be important in driving growth.

Last week, the telco hosted a full-day data protection and management workshop in Lesotho.

The company boosted its investments in new spectrum in the Democratic Republic of the Congo, Mozambique, and Tanzania, as well as the number of 4G sites across the portfolio.