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In a historic visit to Uganda, former Airtel Africa Group CEO, Segun Ogunsanya took a trip to Kitende Secondary School, Entebbe in April 2023 to experience the fast Airtel internet used by the students, which formed part of his tour activities. Mr Ongusanya retired from his Group CEO role in July, 2024, and took over another role as the Chair of the Airtel Africa Charitable Foundation to advance the social and digital agenda in key areas of financial and digital inclusion, education access, and environmental protection. Kitende S.S is one of the many schools across Uganda connected to Airtel internet…
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Airtel Africa today has launched, Nxtra by Airtel (“Nxtra”), a new data centre business founded on what the telco says is a “commitment to meet the continent’s growing needs for trusted, and sustainable data centre capacity and to serve the fast-growing African digital economy”. In a media statement, Airtel Africa said, “Nxtra aims to build one of the largest network of data centres in Africa with high-capacity data centres in major cities located strategically across Airtel Africa’s footprint, complementing its existing edge sites”. “Nxtra’s ambition will allow it to serve the growing need of African enterprises and its data centre…
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“I don’t think we have dug into the space of bankers or the space of banking. We have just discovered a need that is not being met by conventional banks,” he says. “If you look at the model of most banks, they thrive on high-margin, low volume of customers/transactions model. That is their model. Their prices are huge, and their branches are not many. For mobile money, it is quite different. It is a large volume of customers and very small margins,” he further explains. “We are bringing financial services to those who are excluded or those who are disadvantaged….
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Airtel Africa has released half year ended 30 September 2022 results indicating double digit revenue growth by 12.9% in the first half and 12.7 for Q2,23. Constant currency growth rate accelerated to 18.5% in Q2, supporting half year growth of 16.9%. In a 27 October 2022 statement, the Group indicated that total customer base increased to 134.7 million, up 9.7%, with increased penetration across mobile data (customer base up 10.6%) and mobile money services (customer base up 24.0%). Mobile money transaction value increased by 31.7%, to an annualized value of $86.1bn in Q2’23. On the other hand, Profit after tax…
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The Central Bank of Nigeria (CBN) offered a final approval to Airtel Africa Plc, a subsidiary of Indian telecom giant Bharti Airtel to operate mobile money services in the country. Nigeria is Airtel’s biggest market on the continent and 40% of group revenue comes from the West African nation. The firm which has been operating on a provisional authorisation had applied for a Payment Service Bank (PSB) licence through SMARTCASH Payment Service Bank Limited. Airtel Africa sells its shares on the Nigerian Exchange (NGX) Limited. Having secured all the requirements, the banking industry regulator in Nigeria has now given the…
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