Business & MarketsThe Big Story

Airtel Uganda half-year profit surge to UGX 153 billion on the back of data and voice segments

Manoj Murali- Airtel's Outgoing Managing Director led a good half-year performance for the telecom

Airtel Uganda posted total revenue of UGX 966 billion in the first half of 2024, and a final profit of UGX 153 billion largely driven by data and voice revenue.  The voice segment contributed a large chunk of the revenue at UGX 526 billion closely followed by data revenue at UGX 403 billion with other value-added services contributing UGX 36 billion.  Airtel’s voice revenues grew by 12 percent year-on-year on the back of the continued growth in customer acquisitions backed by a regional acquisitions strategy, and the benefit of usage and retention initiatives that resulted in overall 2.4 percent growth…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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