Vodacom Tanzania reports strong growth, purpose-driven impact in financial year 2025

Dar es Salaam: Vodacom Tanzania held its annual general meeting (AGM) for the financial year ended March 31, 2025 in Dar es Salaam today whereby financial and operational results presented in the event showcased robust growth.

Other areas were strategic investments, and continued commitment to its purpose of empowering individuals, protecting the environment, and upholding trust.

During the year, Vodacom’s service revenue surged by 20.5 percent to 1.5tri/-, driven by strong customer growth and increased uptake of its services, in particular M-Pesa and data services.

Net profit after tax rose by 69.4 percent to 90.5bn/-, supported by cost efficiency initiatives that yielded 59bn/- cost savings.

The company added 3 million new customers, closing the year with 22.6m/- users.

M-Pesa revenue grew by 29.3 percent with transaction value up 33.8 percent year-on-year. Smartphone penetration increased by 33.4 percent, enhancing access to digital services.

Additionally, 471 new 4G sites were deployed, including 126 rolled out in the underserved areas in collaboration with the government through UCSAF.

Vodacom’s revenue growth was underpinned by innovative services in M-Pesa in collaboration with our partners. These services included M-Koba, a group savings platform that serves more than 1.3 million customers, and M-Wekeza, a mobile wealth management product that attracted nearly  25bn/- in deposits within months of launch.

Additionally, the digital payment platform “LIPA kwa simu” processed over 1tri/-  monthly, while short-term loans and Songesha overdrafts disbursed over 3tri/-, supporting customers and merchants across Tanzania.

Another growth pillar, mobile data revenue, also grew by 21.6 percent, supported by increased smartphone usage and network investment.
“Our performance this year reflects the strength of our strategy and our unwavering commitment to connecting Tanzanians to a better future. Through innovation and partnership, we are bridging the digital and financial divide,” said Philip Besiimire, Vodacom Tanzania’s Managing Director.

Vodacom’s purpose-driven strategy continued to transform lives through technology.

With women making up over half of M-Koba users, this product reinforces the company’s role in women’s economic empowerment.

Additionally, M-Wekeza marked a milestone in democratizing wealth creation and promoting broader financial inclusion.

“As we celebrate 25 years of positively impacting lives in Tanzania, we remain focused on delivering sustainable growth and purpose-led transformation. Our results affirm the trust our customers and shareholders place in us,” said David Tarimo, Vodacom Tanzania’s Board Chairman.

Looking ahead, Vodacom anticipates a stable regulatory environment and will continue investing in network expansion, customer experience, and digital inclusion.

The company reaffirms its commitment to partnering with the government to improve living standards through connectivity services and access to financial services across Tanzania.