Bharti Airtel Africa Archives

Airtel Uganda made a profit of UGX326 billion in 2022

Muhereza KyamuteteraThe Big StoryAugust 9, 2023August 9, 2023

Ahead of its Initial Public Offering, which the company says happening “so soon”, Airtel Uganda has revealed that it made a net profit of UGX326 billion for the year ended 31st December 2022. This was revealed by Mr. Manoj Murali, the telco’s Managing Director, at today’s press conference, held to brief the media on its intended publishing of a prospectus and floating of shares on Uganda’s main investment market segment- the Uganda Securities Exchange. “We are currently the co-leader in the market with 49% revenue and 47.3% subscriber market share, respectively. The Company has 13.8 million active subscribers across 146…

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Airtel Uganda is only profitable unit in East Africa

CEO ReporterCompany NewsOctober 4, 2019October 4, 2019

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…

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