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The strong financial growth of Vodafone in Africa


Mobile operator Vodafone reported a rise in service revenue as stores reopened post the COVID-19 disruption.

CEO Nick Read said the company is back to service revenue growth at a rate of 3.3% in Europe & Africa.

Vodafone shares were trading at a high of 2%. The momentum has increased to its maximum in Germany with a growth of 1.4%. The strongest growth of Vodafone is in Africa where the financial platform M-Pesa saw an increase in transactions of about 45% year on year.

Source: Reuters

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