Airtel Africa Reports Strong Growth in Mobile Money, Service Revenue.
Airtel Africa posted higher earnings for the nine months through December 2024, with mobile services revenue climbing 11.4% to $1,367 million. The figure marks an increase from $1,227 million in 2023.
The telecom giant saw notable gains in East Africa. Mobile money revenue in Uganda, Kenya, Rwanda, Tanzania, Zambia, and Malawi rose 14% to $549 million, up from $481 million last year.
Voice services lead revenue sources, though mobile money shows faster growth. Across all regions, mobile money revenue jumped 15.8% to $731 million, compared to $631 million in 2023.
"Our refined strategy focuses on delivering great customer experience," said Airtel Africa Group CEO...