Mobile money drives growth as Airtel Africa declares $248m profit

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Mobile money drives growth as Airtel Africa declares $248m profit

Airtel Africa has announced a profit after tax of $248 million approximately N190.4 billion, for the nine-month period ending December 2024. In the company’s financial statement filed on the Nigeria Exchange Limited on Thursday, the company recorded growth in its revenue, with mobile money transactions increasing by 29.6% year-on-year to reach $731m. The revenue from

JeuneAfrique.com

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With a penetration rate of around 30%, the continent represents a rapidly expanding market where competition is as fierce as the promising prospects. Decryption in infographics.

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Airtel Africa posts $248m profit in nine-month turnaround

AFRICA:  Airtel Africa has recorded a significant financial turnaround, posting a profit after tax of USD 248 million…

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Editorial: Significant growth in value of mobile money transactions deepening financial inclusion

Bank of Ghana data reveal that the total value of mobile money transactions for 2024 stood at a record GH¢3.0192trillion, about 57.90% growth year-on-year. The previous year (2023), the total value of mobile money transactions was                     GH¢1.912trillion. This astonishing growth provides an opportunity for the country to further deepen its financial inclusion programme. The Ministry of Finance has launched three policy initiatives d…

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Airtel Africa reports impressive nine-month profit of $248 million

Airtel Africa has made a major bounceback to the blue in its newly released nine-month reports for 2024 after a difficult 2023 of mounting losses. The telecoms firm, which operates in 14 African countries, reported $248 million in profit after tax, compared to a meagre $2 million in nine months of 2023. While the news is delightful for telecom experts, rising diesel costs and currency devaluations impacted the top line.  The company’s revenue de…

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Mobile money stimulates growth as Airtel Africa posts $248m profit

Airtel Africa has announced a profit after tax of $248 million approximately N190.4 billion, for the nine-month period ending December 2024. In the company’s financial statement filed on the Nigeria Exchange Limited on Thursday, the company declared growth in its revenue, with mobile money transactions increasing by 29.6% year-on-year to reach $731m. The revenue from […] The post Mobile money stimulates growth as Airtel Africa posts $248m profit…