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Airtel Africa register growth in revenue and customer base

Shadreck Maoni by Shadreck Maoni
October 30, 2023
in Business
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Airtel Africa register growth in revenue and customer base
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Africa’s leading provider of telecommunications and mobile money services, Airtel Africa, has registered growth on both revenue as well as its customer base across the continent.

Airtel Africa is a parent company to Airtel Malawi which operates in 14 countries in East, West and Central Africa.

According to the results for the half year ended on 30th September 2023, the telecommunications company has registered a jump from $2,565 to $2,623 representing a 2.3% growth in its currency revenue.

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The company has also seen it’s customer base increase by 9.7% in the continent.

Responding to the development, Airtel Africa Group Chief Executive Officer Olusegun Ogunsanya said he was pleased with the strides the group has made regardless of the hurdles being faced.

Ogunsanya said the numbers in penetration of data usage and voice services shows that customers really want to use Airtel telecommunications services.

“I am pleased to report a strong operating performance for the Group despite foreign exchange headwinds in many of our markets. The resilient growth in voice, data and mobile money usage levels reflects the inherent demand for these essential services across our footprint, and our six-pillar ‘win-with’ strategy continues to ensure we capture this growth opportunity by expanding our customer base and providing the platform to enable increased usage across the network. We are looking forward to continued delivery of affordable and reliable telecom and mobile money services across our markets and this remains our key focus”, he said.

Airtel Africa offers an integrated suite of telecoms solutions to its subscribers, including mobile voice and data services as well as mobile money services, both nationally and internationally.

 

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