Tanzania’s listed telco Vodacom is set to declare more than $9 million dividends to shareholders after bouncing back to profitability in the financial year ended March 31, helped by strong growth in mobile data and mobile money business.
The telco, which is 75 percent majority owned by South Africa’s Vodacom Group, disclosed in its preliminary condensed financial statements that the board will recommend a final dividend of at least 50 percent of the net earnings following the company’s complete turnaround from the loss-making territory.
