Vodacom Tanzania CEO Hisham Hendi steps down after three years at the helm

TANZANIA – Hisham Hendi, the managing director of the telecommunications giant Vodacom Tanzania has stepped down after three years of service, to take up a new role as the commercial lead in Vodafone Spain.

The outgoing CEO joined Vodacom Tanzania in September 2016 as the head of the commercial business unit and was later promoted to the role of Managing director in August 2018.

Chairman of the board of Vodacom Tanzania, Judge Thomas Mihayo, praised Hisham by saying: “During Hisham’s five-year tenor, Vodacom has continued to lead the industry in implementing a digital strategy that has accelerated the country’s financial inclusion through innovative mobile money services.”

“Hisham has also been a driving force in successful investment in universal access for millions of Tanzanians, who had previously been unconnected,” the Chairman added.

Hisham said that he and his team were able to achieve great milestones in digital and financial inclusion during his time in the company. He added that he has left behind a high-performance team made of local senior executives.

Vodacom Tanzania reported a full-year net profit of TSh45.76 billion (US$19.7 million) on 31st March 2020.

“During his five-year tenor, Vodacom has continued to lead the industry in implementing a digital strategy that has accelerated the country’s financial inclusion through innovative mobile money services”

Thomas Mihayo – Board Chairman, Vodacom Tanzania

The directors of the telecommunications company said that they are looking for a successor and will announce the new managing director in due course.

On his part, Mr. Hendi said, “While I am pleased about the opportunity that awaits me in Spain, it wouldn’t have been possible without the opportunity in Tanzania over the past five years. I have worked with a great team of colleagues over these years, and I am leaving behind a high-performance local senior leadership team. I have thoroughly enjoyed the opportunity to serve in this great nation.”

“Alongside industry partners, customers and government, we have accomplished great milestones in digital and financial inclusion. My experience in Tanzania has made this move possible and I am truly humbled. I leave Tanzania as an ambassador of the country. During his period in office, Vodacom was named one of Africa’s top 100 most valuable firms based on market capitalization in 2020 and has consistently led in customer satisfaction as well as overall market share in Tanzania,” he added.

Mr. Hendi was also instrumental in the historic initial public offering (IPO) in 2017 of Vodacom Tanzania on the Dar es Salaam Stock Exchange (DSE), where Vodacom Tanzania remains the only Telecommunications company on the bourse and its largest-ever IPO.

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