Vodacom Group Spends $250 Million to up its Stake in Vodacom Tanzania to 82 percent

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vodacomSouth Africa based Vodacom Group has said it will buy more local shares into Vodacom Tanzania to 82.2% from its current 65%  for about $250 million.

The cash will give it an additional 17.2% stake in the company after buying 49%  of Cavalry Holdings, a firm which owns 35% of Vodacom Tanzania. The  $250 million will be in form of cash and existing debt facilities.

Launched in the country in 1999, Vodacom Tanzania has over 10 million customers and says Tanzania is its best investment in sub-Saharan Africa.  Vodacom also has a operations in Nigeria, Mozambique, Lesotho and the Democratic Republic of Congo.

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Sam Wakoba
Based in Nairobi, Kenya, Sam Wakoba is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba