Its Egyptian deal may transform Vodacom, says CEO

With more than 80% of its population of 100 million unbanked, Egypt is offering Vodacom a transformational opportunity, its CEO Shameel Joosub says.

The South African company is currently nearing its takeover of the UK giant Vodafone’s controlling 55% stake in Vodafone Egypt. The R41-billion transaction is expected to be finalised by the end of March.

It will open the company to a sizeable market with enormous opportunities for fintech services.