Wazoplus - Airtel Africa's Revenue Recovers with 19.7% Growth, Despite Naira Devaluation

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Airtel Africa's Revenue Recovers with 19.7% Growth, Despite Naira Devaluation

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#telecom

#finance

Airtel Africa grew its revenue in constant currency terms by 19.7%. The company also grew its customer base to 147.7 million.

📈 Airtel Africa reports a 19.7% revenue growth in constant currency terms for H1 2023.

💰 Despite the growth, the company reported a loss after tax, primarily due to foreign exchange losses and naira devaluation.

📊 The telco expanded its customer base to 147.7 million.

📱 Mobile services revenue saw significant increases, driven by growth in voice and data revenue.

💳 Mobile money revenue also grew by 30.9% in constant currency.

🌍 Airtel Africa aims to expand across its 14 markets in Africa and is planning to list shares on the Uganda Securities Exchange.

Airtel Africa's recent financial report shows a robust revenue recovery despite challenges, with a focus on expanding its presence across the African continent.

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