Tejash & Dev

Vodacom rules out financial services spin-off

African telecoms heavyweight Vodacom has ruled out spinning off its financial services unit, its CEO Shameel Joosub told Semafor, rejecting a path taken by rivals seeking to extract more value from fast-growing mobile money businesses. Joosub’s stance potentially sets up a test of two competing strategies across Africa’s telecoms sector after Airtel Money’s London listing…

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World Bank Group: Africa Economic Update

1. Economic growth in Sub-Saharan Africa has remained broadly stable despite regional and domestic headwinds. Regional growth is projected to increase from 4.1% in 2025 to 4.3% in 2026, with growth projections upgraded for nearly three-quarters of countries in the region. 2. While growth is gradually strengthening, it remains insufficient to substantially reduce extreme poverty…

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