South Africa’s Vodacom sees customer numbers growing 20% year-on-year in Mozambique, where it expects to launch a mobile money service in the second half of 2011, an executive said on Wednesday this week.
The mobile phone operator will continue with an aggressive infrastructure investment programme, which amounted to almost $70 million in 2010, Jose dos Santos, head of the company’s Mozambique arm, said on the sidelines of an African telecoms meeting.
“We’ll probably see good growth of 20%-plus next year in terms of subscriber figures,” he said.
“We’re sitting at just around three million, so we’re looking at about another 600 000 to 700 000 new subscribers by the end of 2011.”
He said a mobile money service was a key strategic investment for the company, but that it was only likely to be rolled out in the second half of 2011.
Mobile operators, including the continent’s top operator MTN, are aggressively targeting millions of African customers who do not have bank accounts and use handsets for financial transactions.