Vodacom Tanzania savers notch up $3m
Tanzania - Vodacom’s M-Pawa deposits have grown to Tsh6.8 billion (about $3.21 million) as the telecom firm’s customer numbers grew to 12 million.
M-Pawa is a platform introduced earlier this year by Vodacom for people to save their money. Clients can also borrow money by using their mobile phones.
The outgoing Managing Director Rene Meza was ticking off some highlights when introducing his successor, Ian Ferrao.
He said next on the agenda is to quicken the firm’s investment in expanding rural coverage.
Ferrao promised to keep the company as Tanzania’s market leader by investing more in rural coverage and broadband connectivity.
“Access to internet is becoming a human right; no longer a choice and operators have a role to play to make sure that Tanzanians are connected.
“I am a firm believer that technological innovation moves the world forward and I will ensure that Tanzania is not left behind,” Ferrao said.
Vodacom announced earlier it is to spend $100 million for expanding its network this year to tap market potential in rural areas and add mobile-money subscribers.
According to him, Tanzania has many unique features of the telecommunications industry including successful mobile money system (M-Pesa), low interconnection rates and high entrepreneurial spirit.
“All these are opportunities for us to come up with innovations that will ensure online buying and digital content for the growing market,” he added.
Meza, who joined Vodacom Tanzania in October 2011 as managing director, will become the chief executive officer of Ooredoo Myanmar on September 1, 2015.
According to Tanzania Communications Regulatory Authority (TCRA) quarterly report for March 2015, Tanzania has 33.18 million subscribers. Vodacom accounts for 37% market share followed by Airtel at 29%, Tigo at 28%, Zantel at 5% and TTCL at 1%. Vodacom operates in five countries namely South Africa, Democratic Republic of Congo, Lesotho, Mozambique and Tanzania.
SOURCE:BUSIWEEK.
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