Tanzania: Vodacom Profit Increases By 60%

Vodacom Tanzania net profit has increased by twothird to 47.6bn/- thanks to M-Pesa revenue growth and data business in a year ending March.

The firm, leading telecom in the country, projected during IPO prospectus that its profit for this year will be 47.38bn/- up from 29.1bn/- or a change of 62.5 per cent, instead went up 63.4 per cent.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.