Airtel Africa, a leading provider of telecommunications and mobile money services across Africa, has announced strong financial results for the nine months ending December 2024. Mobile services revenue grew by 11.4% to $1,367 million compared to the same period in 2023, driven by robust growth in voice, data, and mobile money services.
In East Africa, which includes Uganda, Kenya, Rwanda, Tanzania, Zambia, and Malawi, mobile money revenue surged by 14% to $549 million in 2024 from $481 million in 2023. This significant growth underscores Airtel Africa’s commitment to driving financial inclusion and supporting socio-economic transformation across the region.
“We have delivered an improvement in both the operating and financial performance in the last quarter driven by our refined strategy which is focused on delivering great customer experience across all touch points,” said Sunil Taldar, Airtel Africa Group CEO. “An increasingly important component of this is to provide a best-in-class network, digitize and simplify the customer journey. Our focus on speed and quality execution is enabling us to unlock the substantial opportunities for growth across our markets and business segments, where demand remains significant, resulting in a further acceleration of constant currency revenue growth to 21.3% in the most recent quarter.”
In Uganda, Airtel has implemented several initiatives to enhance the customer experience and drive mobile money adoption. These include the successful Vroomula Amajja rewards campaign, strategic partnerships with organizations like Letshego Uganda Limited for digital loans, and collaborations with Stabex International to facilitate cashless services. These efforts aim to make financial services more accessible, convenient, and rewarding for Airtel Money customers.
Airtel Africa remains committed to expanding financial services and digital solutions, ensuring better connectivity and economic empowerment across Uganda and the entire African continent.