Vodacom earnings rise on M-Pesa

M-Pesa expanded to Tanzania from neighbouring Kenya, where it was launched by Safaricom, part of the Vodacom group, in 2007. [Photo: Courtesy]

Vodacom Tanzania’s core earnings rose 9.3 per cent in the six months to the end of September, driven by increased revenue from its financial and data provision services, it said on Friday.

Tanzania’s biggest telecoms operator, which is partly owned by South Africa’s Vodacom, said revenue from its M-Pesa financial services operations grew 15.9 per cent, while its data business posted 17.4 per cent revenue growth.