Browsing: telecom

MTN Rwandacell has listed its shares becoming the first telecom company to list on the Rwanda Stock Exchange (RSE).

The listing will see 100 per cent of MTN Rwandancell listed on the market but only 20 per cent of the shares previously owned by Crystal Telecoms’ (CTL) will be floated to the public.

The telecom listed its shares by introduction making shareholders of Crystal Telecoms’ (CTL) direct shareholders in MTN Rwanda. Crystal telecom was established following a share transfer of 20 per cent of shares held in MTN Rwanda from Crystal Ventures to Crystal Telecom in 2015.

Listing by introduction is a way of listing shares that are already in another exchange with the aim of raising capital but since the shares had already been fully paid for that is not the aim but could serve a purpose later.

Rwandans can now own a piece of the country’s biggest …

The Southern African Development Community (SADC) envisions to create a region with an industrial complex driven economy, but also a excel in utilizing the telecommunication potential for a unique African development success story.

The SADC region which hosts more than 345 million people, took its 2019 high-end summit and meetings to Tanzania—one of the populous, fast-growing economy and trader, member state in the region.

Member states conversed on industrializing Africa on inclusive fast-growing sustainable grounds while, including intra-regional trade, but also ICT, information, transport, and meteorology.

In this context, the ICT, information, transport and meteorology member states meeting brought forth , rather essential aspects, that might stimulate the region’s economic strategies.

The meeting was hosted by the government of the United Republic of Tanzania and was attended by ministers (or their representatives) from Angola, Botswana, Eswatini, Lesotho, Malawi, Mauritius, Mozambique, Namibia, South Africa, United Republic of Tanzania, Zambia and Zimbabwe.…

Vodacom Tanzania Plc – the leading and fastest mobile data network in Tanzania, has recently paid its equity shareholders $23.7 million in dividends.

The payout, in other words, came out rather delightful, due to salient features from the telecom company’s annual reports, showing a $39.1 million annual (end of the year) net profit increase.

Vodacom Tanzania became the first telecom company in Tanzania to get listed in Tanzania’s stock-exchange (Dar es Salaam Stock Exchange -DSE) on August 15^th 2017.

According to Vodacom Tanzania, which has over 14 million subscribers, 32.4 per cent of market share and 38.6 per cent of mobile money share, the respective profit was fetched from a significant increase in service revenue which reached $442.9 million, alleviated by firm growth of mobile money, mobile data and messaging services.

And yet, Vodacom Tanzania preliminary report (2019) show, an increase of 1.2 million customers (9.6 per cent increase), …