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The expression silver bullet means a simple remedy for an intractable problem. It can be described as a panacea, a magic bullet, a miracle drug, that’s exactly what mobile money is to Sub Saharan Africa. Mobile money is an African solution to an African problem to achieve financial inclusion and digitize payments. Why mobile money is seen a silver bullet and what is the future of mobile money post Covid-19? Let’s look at the key numbers reflecting the power of mobile money in Africa as reported by GSMA in the State of Industry Report 2019: · Registered users exceed 500 million…
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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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