Airtel Africa, the African arm of the Indian telecom group Bharti Airtel, will not bid for the telecom licenses that the Ethiopian government is putting up for sale as part of the process of liberalizing the national telecom market.
In an interview with Reuters on Friday 29 January, Raghunath Mandava (pictured), the company's chief executive officer, said the company will instead use the current year to strengthen its footprint in its current markets. "We have a lower market share in Nigeria, Congo, DRC, Tanzania, and Kenya. And our entire current focus is on these countries to grow, we are not looking at bidding for Ethiopia at this stage […] During the last couple of months and the whole of next year, our big focus will be Kenya and Tanzania where we are going to roll-out huge networks," he said.
Airtel Africa is currently active in fourteen African markets. The telecom company, which reported revenues of $1,130 million over the first nine months of FY2020-2021 - up 21.6% at constant exchange rates from the $995 million the same period a year previous - wants to strengthen its footprint to tap into the business opportunities on the markets.
By focusing on its current markets, Airtel Africa seeks to improve its rural presence to increase revenues. For the first nine months of FY2020-21, "our deployment in rural markets, coupled with strong customer growth, contributed to a 10% growth in voice, while data and mobile money continued to be growth drivers,” Raghunath Mandava explained.
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
easyJet launched a direct Strasbourg–Marrakech route on May 3, 2026 Marrakech base now supports over 25 European routes with year-round...
The SARB's own April 2026 Monetary Policy Review shows rate cuts "delayed to Q4" under its baseline — but scenarios show "it may be necessary to raise...
Two subcontractor workers died on May 3, 2026, at the Kloof 8 shaft operated by Sibanye-Stillwater. Mining deaths fell to a record low of 41 in...
Burkina Faso conducted awareness missions across key border posts from April 26 to May 2, 2026. Neighboring Côte d’Ivoire reported an H5N1...
In the far north of Cameroon, near the Nigerian border, lies Rhumsiki, a destination that feels almost untouched by time. Set within the Mandara...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...