Vodacom Group

The Qatar Investment Authority (QIA) reportedly reached an advanced stage in talks to buy a 20 per cent stake in Vodafone Egypt from Telecom Egypt, part of a wider $2. 5 billion investment in state-owned assets in the North African country.

Vodafone Group agreed to sell its majority shareholding in its Ghana business to Africa-focused telecoms and technology player Telecel Group subject to conditions.

Vodacom Group inched towards closing an acquisition of a majority stake in Vodafone Egypt, with the former’s investors approving the transaction at an extraordinary general meeting.

Vodacom Group reported a jump in data usage in its home market of South Africa in its fiscal Q1 (the three months to end-June), as foreign exchange movements offset a pandemic-related revenue decline in its international operations.

Vodacom Group joined forces with digital payment platform Alipay to create a so-called superapp for South Africa which will offer personalised financial, business and lifestyle services from 2021.

Vodacom Group restructured to split operations in its home market of South Africa from the rest of its business, as it focuses efforts on expanding the company to become a leading pan-African technology provider.

Vodacom Group and Safaricom completed the acquisition of m-Pesa IP from Vodafone Group, a move hailed as a significant step towards the planned expansion of the mobile money service into new African markets.