Tanzania is world-renowned for the challenge of climbing Mount Kilimanjaro

The country will now also be celebrated for another prestigious landmark – the US$213 million Vodacom Tanzania PLC deal.

Through our local knowledge and understanding, backed by the depth of our team’s experience, we were well-equipped to complete this historic transaction.

Acting through the National Bank of Commerce, we facilitated the transaction that saw more than 40 000 Tanzanians investing, many for the first time, thus boosting local participation in the country’s capital markets and growing the Dar es Salaam Stock Exchange by 10%.

This deal not only made Vodacom Tanzania PLC the first telecommunications company to meet the country’s legislative requirements, it placed them on top as having launched the largest IPO in Tanzanian history.

Landmark Transaction in the Tanzanian Capital Markets

We are pleased to announce that Absa Corporate and Investment Banking acting through National Bank of Commerce ("NBC") have advised Vodacom Group on the successful TZS 476bn ($213mn) IPO of Vodacom Tanzania Public Limited Company (“Vodacom Tanzania”) on the Dar es Salaam Stock Exchange (“DSE”).

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