Tag Archives: Airtel Africa

The FinTech Association of Nigeria says Financial Technology (FinTech) operators accounted for 63 per cent of the 1.37 billion dollars funding raised in Nigeria in 2021. President of the association, Mr Ade Bajomo said this on Saturday in Lekki, Lagos, at a dinner held at the FinTech Platinum Awards ceremony. …

Since the beginning of 2020, Nigerian-listed telecom stocks have outperformed the overall market, with Airtel Africa gaining 483.8 percent and MTN Nigeria gaining 110.5 percent as against 92.9 percent recorded by the NGX All-Share Index. They have also led their Sub-Saharan African peers during this period in terms of US …

One of the leading telecommunications service providers in Africa, Airtel Africa Plc, has acquired an additional spectrum to support its 4G expansion in the Democratic Republic of Congo (DRC). The central African country is the second largest market of the telco and mobile money provider, with Nigeria as its first. …

Airtel Africa recorded earnings surge that helped its after-tax profit almost double to more than half a billion dollars in the nine months to December, according to its unaudited earnings report issued today, Friday, February 04, 2022. The reported revenue grew by 21.7% to $3,492m while constant currency underlying revenue grew …

MTN Group’s shares surged in Johannesburg after it moved a step closer to getting a licence to operate lucrative mobile money services in Nigeria. The continent’s largest wireless carrier jumped as much as 19% and was up 13.7% at 11am, the highest since 2015. The stock is the year’s best performer …

…Foreign direct investments dip by 78% in H1 2021 Two major operators in Nigeria telecoms sector, MTN Nigeria and Airtel Africa Plc, have attracted a total of $2billion (approximately N822.66billion) investment into their operations. This is even as foreign direct investments (FDIs) into the industry dipped sharply by 78 per …

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa,  reported in its results for the quarter ended 30 June 2021 that its customer base grew by 8.4% to 120.8 million (from 111.5 million in H1 2020), with increased penetration across …

In a bid to boost its mobile money arm, Airtel Africa Plc has announced that it has secured a $200m investment from Qatar Holding LLC. According to a statement released by the company, the proceeds of the investment will be used to reduce its debt and invest in network and …

The subscriber base of Airtel Africa has grown by 6.9% to 118.2 million, with increased penetration across mobile data (customer base up 14.5%) and mobile money services (customer base up 18.5%). However, the recent slowdown in customer base growth has been due to new SIM registration regulations in Nigeria. Sub-Saharan …

Segun Ogunsanya will replace Raghunath Mandava, who will be retiring as Managing Director and Chief Executive Officer of Airtel Africa.  Segun Ogunsanya will join the Board of Airtel Africa with effect from 1 October 2021. SegunOgunsanya joined Airtel Africa in 2012 as Managing Director and CEO Nigeria and has been responsible …