AIRTEL Africa has recorded strong double-digit growth in the year ending March 2022 in revenues across all their regions, posting 20.6 per cent for the year, to $4,714 million. Specifically, the constant currency underlying revenue of Nigeria went up by 27.7 per cent; East Africa went up 22.7 per cent, while Francophone Africa rose by 17.2 per cent. Across all key services, revenue in Voice increased by 15.4 per cent; Data appreciated by 34.6 per cent, and Mobile Money went up 34.9 per cent. Speaking on the performance, Chief Executive Officer, Airtel Africa, Segun Ogunsanya, said this is another strong set of results for Airtel Africa, demonstrating solid execution as the company continued to enrich the lives of a growing number of people through leveraging the sizeable opportunity to promote digital and financial inclusion across the markets. There are increasing challenges from global inflationary pressures, but we continue to target revenue growth ahead of the market and moderate margin expansion,” Ogunsanya said.

Source: Nigerian Tribune May 16, 2022 04:47 UTC