Vodacom to assume management control of Vodafone Ghana, CEO says

11 Feb 2020

Vodacom Group chief executive officer Shameel Joosub says that Vodafone Group will hand over the management of its Ghanaian unit to its separately listed South Africa operation in April 2020, as part of an ongoing restructuring designed to bring the company’s African operations under the same umbrella. Along with Vodafone Ghana in West Africa, Vodacom is also poised to assume responsibility for units in Tanzania, Mozambique, Democratic Republic of Congo and South Africa, Joosub said in an interview. Vodafone Ghana will keep its branding and there will be no transfer of assets from the UK parent, he added.

The UK carrier’s decision to realign its operations on the African continent forms part of a plan to simplify its various disparate global operations and renew its focus on dealing with increased competition in its core European markets. Last month, it agreed to divest its Egyptian business to Saudi Telecom Company for USD2.4 billion to focus on sub-Saharan Africa. ‘The larger group has sold some assets in North Africa, and the focus will be on sub-Saharan Africa under Vodacom,’ Joosub noted. Further, Vodacom is interested in the planned privatisation of Ethiopian state-owned monopoly Ethio Telecom, which is slated to take place this year and will involve the auction of two new licences and the sale of a minority stake in the telco. Here, Vodacom will partner with Safaricom on any bid, the CEO said.

Ghana, South Africa, Vodacom Group, Vodafone Ghana, Vodafone Group