Vodacom Tanzania Plc has reported strong financial growth for the year ended March 31, 2026, driven by rising demand for mobile data and digital financial services across Tanzania.
The telecom company recorded a 21.8% increase in service revenue to TZS1.85 trillion, while total revenue grew by 22.1% to TZS1.88 trillion. Net profit after tax also rose by 18.4% year-on-year to TZS107.1 billion.
Chief Executive Officer Philip Besiimire said the company added 5.1 million new customers during the financial year. This pushed Vodacom Tanzania’s total customer base up by 22.3% to 27.7 million subscribers.
The company’s mobile money platform, M-Pesa, continued to play a major role in growth. M-Pesa users increased by 22.6% to 14.1 million customers, while the number of smartphone users on the network rose by 31.5%.
M-Pesa generated TZS734.8 billion in revenue during the year, representing a 24.5% increase compared to the previous year. Mobile data revenue also grew strongly, climbing 29.5% to TZS546.7 billion as more people used smartphones and broadband services.
To support expanding demand, Vodacom Tanzania invested TZS323.9 billion in network infrastructure and technology upgrades. The company rolled out 444 new 4G sites and added 25 new 5G sites across the country, including rural areas developed in partnership with the government.
The telecom operator also purchased a 50MHz spectrum block in the 3700MHz band for TZS49.8 billion to improve network performance and strengthen digital service delivery.
Vodacom said temporary costs linked to its network modernisation programme affected reported profitability during the year. However, the company noted that underlying earnings remained strong. Excluding one-time modernisation expenses, underlying net profit after tax would have reached TZS204.1 billion, more than twice the previous year’s figure.
The company also reported growth in its digital financial products. Its M-Wekeza investment platform recorded more than TZS370 billion in customer investments since launch, while deposits on the M-Koba savings platform crossed TZS1 trillion during the year.
Looking ahead, Vodacom Tanzania said it expects to maintain double-digit service revenue growth in the coming years. The company plans to continue investing in digital infrastructure, smartphone access, and financial technology services as demand for digital connectivity grows across the country.
