Layoff announcements are frequent in the ecosystem, but behind every company announcement is a deeper story. TechCabal Insights analysed the data behind layoff events across Africa’s tech ecosystem to reveal where the cuts happened, why they happened, and what they tell us about the future of the ecosystem. Read the full analysis here.
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Seven months, three competition regulators, and one court battle later, Vodacom has finally landed one of Africa’s biggest telecom deals.
The South African operator has completed its R35 billion ($2.1 billion) acquisition of an additional effective 20% stake in Safaricom, raising its ownership from 35% to 55%, giving Vodacom majority control. The deal combines a 15% stake bought from the Kenyan government with another 5% acquired from Vodafone International, the South African telco’s subsidiary.
Originally published by TechCabal.