Company News
What Caused Capitec’s Massive 40 Hour Outage?
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MultiChoice Once Again in Hot Water with Nigeria’s Government
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FNB Launches New Wireless LTE Data Deals & More
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Procurement Advantages for Business Partners as Exclusive Networks Africa Maintains B-BBEE Level 1 Rating
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Uber Eats Introduces New Income Opportunity for Drivers in South Africa
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Tyme Bank Makes Major Moves in SME Fintech with New Acquisition
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Nedbank’s Latest Partnership: “The Perfect Way of Expanding to New Markets”
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Software Firm Odoo Says Jambo to Kenya
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Central Bank of Kenya Cracks Down on Flutterwave, Chipper
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Facebook Owner Reports First Ever Revenue Drop
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Safaricom to Start Offering Coding Lessons for Kids in Kenya
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Airtel Reports 13% Revenue Growth for the Second Quarter
Sourced from Comms MEA Airtel Africa, a telecommunications company, has reported a 13% revenue growth for the second quarter of 2022. Total revenues, for mobile services and mobile money services combined, grew in Nigeria by 18.3%, in East Africa by 14.1%, and in Francophone Africa by 11.7%. On its own the mobile money service grew by 26.5%, driven by growth of 26.9% in East Africa and 25.4% in Francophone Africa. The company’s operating profit grew by 20.6% to $425 million. Segun Ogunsanya, CEO of Airtel, expressed that he is pleased with the results. “I am pleased to report that the Group has continued to post double-digit revenue growth, margin improvement and strong earnings growth. I am also particularly pleased with our ongoing strengthening of the balance sheet which continued after...
