Airtel assets

Airtel Uganda was the only unit in the East Africa cluster to return a profit for the year ended 2018. Other units in Tanzania, Kenya and Rwanda posted losses with the Indian telecommunication giant registering a consolidated loss of $46.5m in the three countries. The details of the performances are contained in a Bharti Airtel Africa financial report for the year ended 2018. In Uganda, Airtel saw its profits grow by almost 30 per cent from $65.6m in 2017 to $90.5m in 2018. However, the performance of other regional units is likely to be a drag-on on the only profitable…