12 °c
London
Tuesday, February 7, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Tanzania: Vodacom Approves Sh26bn in Dividends

FurtherAfrica by FurtherAfrica
October 31, 2017
in Africa, Economy, Industry and Commerce, M&A, Tanzania, Tech, Telecom
Reading Time: 1 min read
871 66
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Shareholders of Vodacom Tanzania have approved Sh26 billion in dividends as they held the first annual general meeting since the listing of the telecommunication company.

About 1,500 shareholders attended the meeting which also appointed new members into the board of directors, the firm said in a statement yesterday.

Vodacom was listed on the Dar es Salaam Stock Exchange (DSE) on August 15, this year, after an initial public offering (IPO) which brought in some 40,000 new shareholders and raised Sh476 billion.

Vodacom’s board chairman Ali Mufuruki said the board of directors had recommended a dividend of Sh12.74 per ordinary share with effect from early November, this year.

The decision, whose goal was to build investor confidence at the bourse, came after the company expressed confidence about its stability. The firm registered a profit of Sh47.55 billion in the year ended March 31, 2017 compared to its projection of Sh47.28 billion.

“Our business is strong and we are sharing our earnings so that each shareholder can benefit,” noted Mr Mufuruki. Vodacom Tanzania managing director Ian Ferrao assured shareholders of the shares’ safety. “Shareholders ought not to worry at all. Your shares are safe and the company is doing well in the market,” noted Mr Ferrao.

Mr Ferrao also congratulated those who were appointed and vowed to cooperate with them to ensure that the company’s shares benefited all shareholders.

Source: AllAfrica

Related

Tags: Ali MufurukiDar es Salaam Stock ExchangeDividendDSEstock marketTanzaniaVodacomVodafoneタンザニア坦桑尼亚
ScanSendShare375Tweet234Share66Pin84Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Climate

Experts converge to find solutions for climate change challenges

by FurtherAfrica
February 7, 2023
Logistics

Ethiopia inaugurates US$68M Dire Dawa Dry Port and Terminal

by FurtherAfrica
February 7, 2023
Finance

2nd African Infrastructure Financing Summit brings US$160B worth of projects

by Fabio Scala
February 7, 2023
Grey List – 1st activity on Beneficial Ownership Registers in Mozambique
Justice

Grey List – 1st activity on Beneficial Ownership Registers in Mozambique

by Elizabeth Khumalo
February 7, 2023
Logistics

Enel signs 2 PPAs to supply renewable energy to South Africa

by Energy Capital & Power
February 7, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Climate

Experts converge to find solutions for climate change challenges

by FurtherAfrica
February 7, 2023
0

Rapid urbanisation, population growth and increasingly scarce resources are high on the agendas of scientists, innovators, decision-makers and governments around...

Read more

Ethiopia inaugurates US$68M Dire Dawa Dry Port and Terminal

February 7, 2023

2nd African Infrastructure Financing Summit brings US$160B worth of projects

February 7, 2023
Grey List – 1st activity on Beneficial Ownership Registers in Mozambique

Grey List – 1st activity on Beneficial Ownership Registers in Mozambique

February 7, 2023

Enel signs 2 PPAs to supply renewable energy to South Africa

February 7, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,774 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?