Airtel Africa profit jumps 5x to $156 million as forex woes ease
- Airtel Africa's profit surged to $156 million in Q1 2025, a fivefold increase compared to the previous year.
- Revenue climbed 22.4% to $1.41 billion, marking a significant recovery for the telecommunications firm.
- Mobile money customers grew by 16.1% to 45.8 million, contributing 31% of total group revenue.
Airtel Africa's impressive financial results indicate a robust recovery and strategic growth in both data and mobile money sectors. The company's proactive investments in infrastructure and plans for a mobile money IPO suggest a forward-thinking approach that could enhance its competitive edge in the telecommunications market. Continued focus on financial inclusion through mobile services is commendable and could yield significant long-term benefits.
