Airtel Africa has announced its financial results for the nine-months ending December 2024, reporting an 11.4% growth in mobile services revenue to from $ 1,227 to $1,367 million in the same period of the year 2023.
The Group reported a 14% growth in mobile money revenue in its East African region plus Zambia and Malawi adding that Mobile money revenue increased to $549 million in 2024 from $481 million in December 2023 with voice data and Mobile money services remain the biggest drivers of growth.
The Airtel Africa Group CEO Sunil Taldar says this performance underscores Airtel Africa’s continued efforts in driving financial inclusion in the region to support socio-economic transformation.
Taldar adds this surge in mobile money adoption underscores Airtel’s commitment to transforming digital financial services across East Africa and the continent at large adding Airtel focus on speed and quality execution is enabling it to unlock the substantial opportunities for growth across its markets and business segments.
He disclosed that Airtel has implemented several initiatives to promote financial inclusion and enhance the customer experience with the successful rewards campaign; Vroomula Amajja along with strategic partnerships such as the one with Letshego Uganda Limited to provide digital loans to Airtel Money customers, and Stabex International for cashless services has made the customer journey seamless and more rewarding.
By Charles Katabalwa
5 February 2025
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