In The Spotlight
Vodacom Group has finalised the acquisition of an additional 20% effective stake in Safaricom PLC, increasing its shareholding to approximately 55% and securing majority ownership of the telecommunications, financial services and technology company
The transaction was completed after the Court of Appeal of Kenya stayed a conservatory order on 26 June 2026 and all remaining conditions precedent were satisfied.
Originally announced in December 2025, the transaction is valued at US$2.1bn (R35bn). Under the agreement, Vodacom acquired a 15% stake from the Government of Kenya and an effective additional 5% stake from Vodafone Group Plc at KES34 per share.
Following the completion of the transaction, the Government of Kenya retains a 20% shareholding in Safaricom, which continues to be listed on the Nairobi Securities Exchange.
As a result of the increased ownership, Safaricom's financial results will be consolidated into Vodacom's financial statements under IFRS rather than being reported as an associate. Vodacom reported EBITDA of R63bn for FY26, while Safaricom reported EBITDA of R29bn.
Majority ownership supports Vision 2030 strategy
Shameel Joosub, Vodacom Group CEO, said, "This is a landmark moment for Vodacom, for Safaricom, and for the communities we serve across East Africa. Acquiring majority ownership in Safaricom strengthens our position as a market leader, while at the same time unlocking new opportunities to drive digital and financial inclusion at scale in Kenya and Ethiopia. Safaricom's outstanding track record and differentiated growth outlook perfectly complement our Vision 2030 ambitions, empowering us to deliver sustainable value for all stakeholders and to connect millions more people for a better future. I look forward to partnering with Governments in Kenya and Ethiopia and working even closer with the Safaricom team, leveraging the learnings from their success across the Group."
Safaricom is recognised as one of Africa's leading companies, with operations spanning telecommunications, financial technology, technology services and social impact initiatives. Its M-Pesa platform continues to play a significant role in advancing financial inclusion, with fintech contributing 44% of revenue in Kenya.
The company has also expanded into Ethiopia, where it has built a customer base of approximately 14 million, while continuing to grow its cloud, Internet of Things (IoT) and enterprise service offerings.
Transaction strengthens Vodacom's East African footprint
According to Vodacom, the acquisition represents an important milestone in its Vision 2030 strategy, which focuses on strengthening its leadership across Africa's high-growth markets while expanding its portfolio of digital and financial services.
With the transaction complete, Vodacom's operations now extend across a connected footprint stretching from South Africa through East and Central Africa to Egypt, with Safaricom serving as the centre of its East African business.
FCPA John Mbadi, E.G.H., cabinet secretary, National Treasury of Kenya, said, "Twenty-five years ago, the Government of Kenya made a founding investment in a mobile telephone licence. That investment has grown into Safaricom - a company that has transformed financial inclusion across Africa, connected more than fifty million Kenyans, and contributed over one-and-a-half trillion shillings to the Exchequer. Today, we crystallise a portion of that extraordinary value to invest in the roads, the energy systems, the water infrastructure, and the airports that will power Kenya's next chapter of growth. We do so lawfully, transparently, and with the express authority of Parliament. Safaricom's best days are not behind it. They are ahead of it. And Kenya remains its home."
Vodacom intends to update the market on its medium-term targets on or around 27 July 2026, when the Group publishes its first quarter results.
IFC's US$150mn financing will help Airtel Africa expand mobile networks and advance digital inclusion across Africa
IFC has announced a US$150mn financing package for two subsidiaries of Airtel Africa to support the expansion and modernisation of mobile network infrastructure across the continent
The loan will enable Airtel Africa to strengthen and extend its mobile networks over the coming years, improving access to high-speed data services in underserved communities. The investment is expected to enhance digital connectivity, helping small businesses expand, entrepreneurs reach new customers and young people access digital services and opportunities.
The financing builds on the long-standing partnership between IFC and Airtel Africa, which is focused on increasing access to reliable internet connectivity across Africa. By improving network capacity and extending coverage, the initiative aims to support economic activity that increasingly relies on digital infrastructure, including mobile money services, online commerce and informal sector businesses.
Sunil Taldar, CEO of Airtel Africa, said, “Through our ongoing partnership with IFC, we are advancing the expansion and modernisation of our network, underpinning a core pillar of our strategy. It also reflects our ambition to accelerate digital inclusion, scale access to digital tools and services, and enable greater economic opportunity for individuals and communities.”
Supporting digital inclusion and economic growth
According to IFC, stronger digital infrastructure can contribute to broader economic development by improving access to markets, services and employment opportunities.
Dan Croft, acting regional manager for infrastructure in Eastern Africa at IFC, commented, “Expanding digital connectivity is ultimately about expanding opportunity. Stronger networks help businesses reach new customers, enable workers to access wider markets, and connect young people to skills and services that shape their future. Through IFC’s partnership with Airtel Africa, we are supporting the infrastructure that translates connectivity into jobs, inclusion, and sustained growth across Airtel Africa’s markets.”
In addition to the financing, IFC said its continued support through longer-tenor and local currency funding strengthens Airtel Africa's capacity to invest with greater confidence, support sustainable growth and deliver long-term benefits across its operating markets.
Strengthening digital infrastructure across sub-Saharan Africa
Expanding reliable digital infrastructure remains a key part of IFC's strategy for promoting inclusive economic growth in sub-Saharan Africa. The organisation said stronger telecommunications networks help create opportunities for entrepreneurship, encourage business development and support job creation at scale.
Over the past decade, IFC has committed and mobilised more than US$12bn for telecommunications, media and technology investments across emerging markets.
Thales Alenia Space and Es’hailSat develop next-generation satellite to expand broadband connectivity across global strategic markets
Thales Alenia Space has secured a contract from Es’hailSat, the Qatar Satellite Company, to develop a next-generation software-defined satellite based on its Space INSPIRE (INstant SPace In-orbit REconfiguration) platform
The agreement marks a new step in advanced satellite communications, with the Eshail-3/Türksat-Biruni satellite set to deliver high-speed broadband connectivity services across Europe, Africa, Central Asia and the Middle East. The satellite will be jointly utilised with Turkish satellite operator Türksat.
Built on the Space INSPIRE platform, Eshail-3/Türksat-Biruni will feature advanced flexibility through a fully software-defined architecture, allowing in-orbit adjustments to respond quickly to changing broadband connectivity requirements. The technology will enable Es’hailSat to optimise satellite resources and provide enhanced communications services throughout the satellite’s operational lifetime.
As the prime contractor, Thales Alenia Space will oversee the complete satellite programme, including design, manufacturing, testing and delivery of the spacecraft. The company will also provide the ground segment and related services required to support satellite operations.
The partnership highlights Qatar’s efforts to strengthen its satellite communications capabilities while expanding connectivity services across strategic global markets.
“The signing of this contract with Thales Alenia Space marks a defining moment for Es’hailSat and for Qatar’s ambitions as a leading satellite service provider. Eshail-3/Türksat-Biruni will not only expand our coverage and capabilities into new strategic markets, but also strengthen the resilience and independence of Qatar’s communications infrastructure. We look forward to working closely with our industrial partner, Thales Alenia Space, to deliver high-performing communications services to our customers,” said Ali Ahmed Al-Kuwari, president and CEO at Es’hailSat.
“I would like to express my gratitude to Es’hailSat for putting its trust in our company,” said Hervé Derrey, President and CEO of Thales Alenia Space. “Today’s contract is significant for Thales Alenia Space as it recognizes our ability to offer an innovative, fully digitalized telecommunications satellite that can be reprogrammed in orbit, along with the capability to integrate hosted payloads serving both commercial and governmental requirements.”
Vodacom Group has finalised the acquisition of an additional 20% effective stake in Safaricom PLC, increasing its shareholding to approximately 55% and securing majority ownership of the telecommunications, financial services and technology company
The transaction was completed after the Court of Appeal of Kenya stayed a conservatory order on 26 June 2026 and all remaining conditions precedent were satisfied.
Originally announced in December 2025, the transaction is valued at US$2.1bn (R35bn). Under the agreement, Vodacom acquired a 15% stake from the Government of Kenya and an effective additional 5% stake from Vodafone Group Plc at KES34 per share.
Following the completion of the transaction, the Government of Kenya retains a 20% shareholding in Safaricom, which continues to be listed on the Nairobi Securities Exchange.
As a result of the increased ownership, Safaricom's financial results will be consolidated into Vodacom's financial statements under IFRS rather than being reported as an associate. Vodacom reported EBITDA of R63bn for FY26, while Safaricom reported EBITDA of R29bn.
Majority ownership supports Vision 2030 strategy
Shameel Joosub, Vodacom Group CEO, said, "This is a landmark moment for Vodacom, for Safaricom, and for the communities we serve across East Africa. Acquiring majority ownership in Safaricom strengthens our position as a market leader, while at the same time unlocking new opportunities to drive digital and financial inclusion at scale in Kenya and Ethiopia. Safaricom's outstanding track record and differentiated growth outlook perfectly complement our Vision 2030 ambitions, empowering us to deliver sustainable value for all stakeholders and to connect millions more people for a better future. I look forward to partnering with Governments in Kenya and Ethiopia and working even closer with the Safaricom team, leveraging the learnings from their success across the Group."
Safaricom is recognised as one of Africa's leading companies, with operations spanning telecommunications, financial technology, technology services and social impact initiatives. Its M-Pesa platform continues to play a significant role in advancing financial inclusion, with fintech contributing 44% of revenue in Kenya.
The company has also expanded into Ethiopia, where it has built a customer base of approximately 14 million, while continuing to grow its cloud, Internet of Things (IoT) and enterprise service offerings.
Transaction strengthens Vodacom's East African footprint
According to Vodacom, the acquisition represents an important milestone in its Vision 2030 strategy, which focuses on strengthening its leadership across Africa's high-growth markets while expanding its portfolio of digital and financial services.
With the transaction complete, Vodacom's operations now extend across a connected footprint stretching from South Africa through East and Central Africa to Egypt, with Safaricom serving as the centre of its East African business.
FCPA John Mbadi, E.G.H., cabinet secretary, National Treasury of Kenya, said, "Twenty-five years ago, the Government of Kenya made a founding investment in a mobile telephone licence. That investment has grown into Safaricom - a company that has transformed financial inclusion across Africa, connected more than fifty million Kenyans, and contributed over one-and-a-half trillion shillings to the Exchequer. Today, we crystallise a portion of that extraordinary value to invest in the roads, the energy systems, the water infrastructure, and the airports that will power Kenya's next chapter of growth. We do so lawfully, transparently, and with the express authority of Parliament. Safaricom's best days are not behind it. They are ahead of it. And Kenya remains its home."
Vodacom intends to update the market on its medium-term targets on or around 27 July 2026, when the Group publishes its first quarter results.
Eutelsat and Mercury, a subsidiary of Sonangol Group and a leading telecommunications services provider in Angola, have entered into a new multi-year, multi-million agreement to deliver Eutelsat’s LEO connectivity services
Building on the longstanding partnership between the two companies, Mercury, formerly known as MSTelcom, will continue expanding the availability of Eutelsat’s LEO services for enterprise, public sector, offshore and telecom customers across Angola.
Eutelsat remains the only licensed LEO operator currently operating in Angola and has established a significant presence in the country through its local partners. With investments in local infrastructure, including a ground station and local point of presence (PoP), alongside its continued commitment to Angola, Eutelsat has strengthened its position as a leading satellite connectivity provider in the country.
Through these capabilities, Eutelsat supports the delivery of low-latency connectivity services across Angola and the wider region, enabling organisations to access reliable communications beyond the reach of traditional infrastructure.
Philippe Baudrier, VP Africa at Eutelsat, said, “This new commitment from Mercury reflects the growing demand for Eutelsat’s LEO services in Angola and the continued success of our longstanding partnership. Together, we are expanding access to secure, low-latency connectivity across the country, helping enterprise, public sector, offshore, and telecom customers strengthen network resilience and reach locations beyond the coverage of traditional infrastructure.”
Francisco Pinto Leite, CEO, Mercury, added, “This new agreement reflects the strength of our partnership with Eutelsat and the value that LEO connectivity brings to our customers. Together, we are expanding the range of connectivity solutions available across Angola and helping organizations meet evolving communications requirements.”
Yas, owned by AXIAN Telecom, advanced eleven places in the Financial Times Africa’s Fastest-Growing Companies 2026 ranking.
Yas, owned by AXIAN Telecom, has strengthened its position among Africa’s fastest-growing companies after securing the 63rd spot in the Financial Times Africa’s Fastest-Growing Companies 2026 ranking, compiled in partnership with Statista
The latest result represents an improvement of eleven places from the company’s debut ranking of 74th in 2025. Now in its fifth edition, the FT-Statista ranking evaluates 130 African companies based on compound annual revenue growth recorded between 2021 and 2024. Revenue submissions are certified at executive level, providing a stringent benchmark of high-growth businesses across the continent.
Hassan Jaber, CEO of AXIAN Telecom, said, “This ranking reflects the momentum we have built across every part of our business. Strong financial results, a successful bond issuance, the launch of Yas as a unified pan-African brand, and our continued investment in networks and digital infrastructure, which are not isolated achievements. They are expressions of a single, coherent strategy: to build the connectivity and digital services that Africa needs, and to do so with the discipline and ambition this continent deserves.”
The company reported strong financial performance for the 2025 financial year, achieving revenue of US$1.691bn, representing year-on-year growth of 20%. Yas currently serves 43.8 million subscribers across 11 African markets, reflecting increasing demand for digital services and connectivity throughout the continent.
In July 2025, the company also completed a successful US$600mn bond issuance after receiving a credit rating upgrade to B+.
Alongside its financial growth, Yas has also gained international recognition for its brand positioning. Following the rollout of its unified pan-African identity across mobile operations in Madagascar, Tanzania, Togo, Senegal and Comoros, the company entered the Brand Finance Telecoms 150 2026 ranking for the first time.
The brand was ranked among the world’s top 20 strongest telecom brands and was additionally recognised as a ‘Brand to Watch’ for 2026.
International Power Control Systems (IPCS) has been named as a distribution partner in Malawi by Vertiv, a specialist in critical digital infrastructure
International Power Control Systems (IPCS) has been named as a distribution partner in Malawi by Vertiv, a specialist in critical digital infrastructure
The new agreement marks a major step in expanding Vertiv’s reach in the Malawian market, leveraging IPCS’s established experience in power control and alternative energy solutions.
“This collaboration will enhance IPCS’s product portfolio, reinforcing our position as a trusted leader in the Malawian market,” said Rumbidzai Bere, business development and marketing director at IPCS.
“The combination of IPCS’s experience in power control and renewable energy and Vertiv’s innovative solutions, such as lithium-ion compatible UPS systems and IT infrastructure products, will bring a new layer of reliability and efficiency to organisations in Malawi, enabling them to equip their critical infrastructure with the resilient, scalable infrastructure needed to support them over time.”
The agreement includes the distribution of Vertiv's comprehensive critical digital infrastructure portfolio, including single-phase and three-phase AC power solutions, surge protection, integrated racks and cabinets and IT infrastructure management solutions, to support the growing demands for computing and AI infrastructure in the region.
The Malawi government’s National Compact for Energy sets out the country’s vision and commitment to increasing access to electricity and alternative energy by 2030, with the aim of providing electricity to 70% of the population.
“Our collaboration with IPCS is a step toward reinforcing Vertiv’s local footprint and a strategic move to align with a well-established, respected partner,” said Gary Chomse, Vertiv’s regional director for central and southern Africa.
“This is proof of our presence, commitment and investment in the Malawian power control, data centre infrastructure, and alternative energy sectors.
“Through this partnership, Vertiv and IPCS are committed to contributing to Malawi’s technological evolution, providing businesses with the power and infrastructure solutions needed to support the country’s digital future.”
IPCS, a wholly Malawian-owned company, has built its reputation as a leader in power solutions since its foundation in 1998.
With a strong track record in supplying, installing and maintaining critical power infrastructure, including uninterruptible power supplies (UPS), data centre solutions, automatic voltage regulators, surge protectors, and alternative energy systems, IPCS is well-positioned to supply, install, and support Vertiv solutions in Malawi.
“This means that, as digital transformation accelerates and electrification efforts continue, there is immense potential for growth in the IT and power sectors,” added Bere.
“With Malawi’s youthful population, 80% of whom are under the age of 35, we also believe that the rise in IT skills, the use of AI and cybersecurity advancements will further drive demand for sophisticated data centre solutions.”
Integrity360 acquires Redshift in South Africa, boosting cybersecurity services, expertise, and regional expansion
Integrity360, continuing its global growth strategy and dedication to Africa, has acquired Redshift, a respected Johannesburg-based cybersecurity services firm. Financial details of the deal were not disclosed
This move follows Integrity360’s earlier regional investments, including the 2024 and early 2025 acquisitions of the Grove Group and Nclose.
The acquisition expands Integrity360’s South African presence to a team of over 230 employees serving clients across the continent. Its Johannesburg and Cape Town operations also function as key hubs for the group’s integrated global Security Operations Centre (SOC), delivering a full suite of managed services, including EDR (Endpoint Detection and Response), XDR (Extended Detection and Response), and MDR (Managed Detection and Response) solutions to both local and international clients.
Founded in 2015, Redshift has earned a strong reputation for excellence in cybersecurity testing and other specialized services, such as cybercrime investigations, anti-fraud advisory, scammer group takedowns, cyber intelligence, and managed services. Redshift adds approximately 50 customers, including leading South African finance, banking, and telecommunications organisations, and around 40 additional employees to the Integrity360 group.
Redshift will serve as a regional centre of excellence for cybersecurity testing and integrate closely with Integrity360’s existing advisory and managed services teams. Integrity360 plans to invest in expanding the business by leveraging the group’s extensive resources.
Redshift clients will gain access to Integrity360’s comprehensive cybersecurity portfolio, encompassing cyber risk and assurance, 24/7 incident response and forensics, infrastructure and technology services, PCI compliance, operational technology consulting, and a full range of managed services, including Managed SASE (Secure Access Service Edge), Managed CTEM (Continuous Threat Exposure Management), and advanced XDR/MDR solutions. Integrity360 has been recognised five times in Gartner market guides, most recently for Incident Response and Forensic services.
Ian Brown, executive chairman at Integrity360, said, “We are very excited to be welcoming Sean, Cailan and the entire Redshift team to Integrity360. The reputation and expertise they have developed since their formation in 2015 is highly impressive and we are looking forward to helping them provide an enhanced set of services to their customers and expanding further in the African market over the coming years.”
Sean Howell and Cailan Sacks, directors of Redshift, added, “This is a significant moment for us, and we could not be more delighted that Redshift is joining Integrity360 and continuing the growth and development of the business that was initially started by Sean a decade ago. Thanks to the support of our customers and employees, Redshift has grown enormously during that time, and having spent considerable time with Ian, and the wider Integrity360 leadership team, we are confident will continue to do so being part of the Integrity360 group. We are excited about the future for us as an organisation, for our people and in particular for what the enhanced group can provide our customers moving forward.”
