Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

Vodacom Tanzania shareholders to get huge dividends

Daba finance invest in Africa
AFRICAN STOCKS AND FINANCESeptember 27, 2023 at 1:21 PM UTC

Vodacom is set to distribute 22.3 billion Tanzanian Shillings (~$9 million) to its equity shareholders for the financial period ending in March of this year, reflecting an impressive performance.


Following the Annual General Meeting, Vodacom Tanzania's Chairman, Retired Judge Thomas Mihayo, expressed confidence in the company's resilience, as evidenced by its year-on-year growth.


He stated, "Our excellent financial and operational results affirm the quality of the Company's purpose-driven strategy and its capacity to execute a deliberate plan aimed at connecting people to a better future. Despite global socio-economic challenges and a fiercely competitive market, the Company has demonstrated strong financial performance and maintained its leading position in terms of market share and customer net promoter score."

Key Takeaways

African companies are increasingly becoming alluring destinations for investors seeking robust returns on their equity investments. What sets them apart in the global investment landscape is their propensity to pay some of the most enticing dividends in the realm of frontier and emerging markets. These companies often boast strong fundamentals, backed by diverse sectors ranging from telecommunications to banking, natural resources, and consumer goods. As they continue to expand and diversify their operations, their profitability and cash flows soar, enabling them to distribute substantial dividends to shareholders. Investors, both local and international, are drawn to these high-yield opportunities. African companies' dividends not only provide an attractive income stream but also offer a hedge against inflation and currency volatility. However, it's crucial to note that investing in African equities comes with its own set of risks, including political instability and regulatory uncertainties. Therefore, investors must conduct thorough due diligence and diversify their portfolios to harness the potential rewards while managing the associated risks. In a world of low yields, African companies' juicy dividends shine as beacons for those seeking substantial returns on their investments.

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved