Vumatel parent company announces African expansion plans as CEO steps down

Vumatel and Dark Fibre Africa’s parent company has announced plans to expand into the rest of Africa.

At the same time, Raymond Ndlovu has stepped down as CEO of Community Investment Ventures Holdings , with his last day on 31 March 2023.Ndlovu oversaw the merger of Vumatel and Dark Fibre Africa into theVumatel and DFA recorded impressive market performances within the CIVH group while Ndlovu was at the help, Remgro said.

“With his team, he has overseen the complex restructuring of the group whilst sustaining its strong growth trajectory through the difficult pandemic trading conditions. CIVH is well positioned for its continued growth in South Africa and into the rest of the African continent.”

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