Vodacom Group is optimistic that the violence in the Democratic Republic of Congo (DRC) will be resolved.
Shameel Joosub, CEO of Vodacom Group, expressed optimism about the situation today when he gave an update on the company’s performance for the quarter ended December 31, 2024.
“While we remain hopeful that the conflict in DRC will reach a resolution, our immediate focus is to safeguard our people, extend relief through our foundation’s initiatives, and ensure that our customers stay connected,” said Joosub.
Vodacom is the leading mobile telecoms company in the DRC, with a customer market share of more than 34%, providing a wide range of communication services including mobile voice, messaging, internet, mobile money, and converged services to more than 21 million individuals and corporate customers.
In the current reporting period, Joosub said DRC delivered high single-digit US dollar growth.
Regarding other key metrics of Vodacom’s international division, Joosub said: “Tanzania continued to deliver excellent local currency results, while normalised M-PESA and data revenue growth was strong at 10.2% and 15.4% respectively. “
He went on to say: “Our International business customer base reached 58.4 million, up 8.6%, supported by strong commercial execution and a further R1.4 billion network investment in the quarter.
“Data traffic grew by 31.1% while smartphone users were up 1.5 million in the quarter to reach 19.0 million, as we look to accelerate smartphone penetration with innovative financing options, including a new daily repayment model.”
Source: extensia.tech
