Kampala, Uganda | THE INDEPENDENT | Uganda and 5 different East African international locations, the place Airtel Africa operates, considerably improved the general progress of its cell cash enterprise, following a 19.8% enhance within the area’s cell cash earnings to US$ 635 million in 2024, up from US$ 531 million in 2023.
Airtel Africa, which is listed in Nigeria and the UK, posted an total progress in cell cash income of 21.1% in reported foreign money, to US$ 837 million in 2024, in keeping with Airtel Africa’s monetary outcomes for the yr ending March 31, 2024.
The expansion in cell cash, demonstrates robust progress in digital monetary inclusion and demand for mobile-based monetary providers in Airtel’s East Africa enterprise area together with; Uganda, Kenya, Tanzania, Rwanda, Zambia and Malawi. Throughout the yr, Airtel Africa’s whole cell transactions reached US$ 112 billion.
Commenting on the outcomes, Chief Government Officer Olusegun Ogunsanya acknowledged “The constant deployment of our ‘Win With’ technique has been instrumental in driving fixed foreign money income progress, mitigating the impression of foreign money fluctuations throughout their markets.” He emphasised that, “This robust efficiency displays not solely the huge alternatives of their working markets but in addition the resilience of their reasonably priced choices regardless of inflationary pressures confronted by many shoppers.”
