The year 2020 has been difficult even for the telecommunications sector. Airtel Africa thus ended the first 9 months of the year with mixed performances. Financial charges of $ 318 million for the 9 months ending December 31, 2020, up 41.4% compared to the same period in 2019, weighed on Airtel Africa’s performance, we learn from...
Airtel Africa has revealed its plans to raise cash by selling a minority stake in Airtel Money – its mobile financial platform. According to Business Daily, this move is part of the company’s strategy to sell some assets. “We are actively pursuing the sale of the remaining owned tower sites that sit across several of our...
Airtel Africa has confirmed that it will not bid for the opportunity to be an MNO in Ethiopia, where government plans have been announced to invite tenders for two new operator licences. The Ethiopian government also has plans to sell a minority stake in the state-owned company Ethio Telecom within nine months. According to Reuters,...
CSG will provide Airtel Africa with managed services, including customer relationship management and convergent charging and billing solutions to support the growth the company is experiencing through its 14-country footprint across Africa. “Airtel Africa seeks solutions that support a seamless IT landscape so that we can benefit from reduced operational overhead, streamlined business operations, and...
Bharti Airtel’s Africa operations clocked in a net profit of $88 million for the second quarter this fiscal, down 8.3% on-year, hurt by higher net finance costs. New Delhi: Bharti Airtel’s Africa operations clocked in a net profit of $88 million for the second quarter this fiscal, down 8.3% on-year, hurt by higher net finance costs....
Telecom company, Airtel Africa has agreed to sell up to 4,500 telecommunication towers across five (5) African countries to reduce its $3.5 billion debt and aid the impending repayment of bonds. Africa’s second largest telco will sell off towers in Tanzania and Madagascar where it has a combined subscriber base of over 13 million people....
Airtel Africa has reported double-digit growth and stronger performance in Q2, with revenue up by 19.6% – in spite of interruptions from COVID-19 and the associated restrictions on activities of both consumers and businesses. The telco saw growth across every region; Nigeria revenue increased 20.2% and EBITDA growth of 21.5%, East Africa revenue up 21.9%...
14 African countries will soon benefit from an on-demand payment platform, the result of collaboration between MasterCard, Samsung, Airtel Africa and Asante. It will give individuals and businesses access to credit, savings, investment and insurance. Uganda will be the first market in Africa where the companies MasterCard, Samsung, Airtel Africa and Asante Financial Services Group “Asante”...
Airtel Africa has partnered with MoneyGram – an international money transfer company – to allow its 19 million customers to quickly and conveniently receive transfers directly into their mobile wallets. Once Airtel Money customers receive the funds, they can be accessed immediately and used to pay utility bills, goods and services, transferred to other individuals,...
Standard Chartered Bank and Airtel Africa have announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. According to a statement released to the media, Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank...
