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.
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Nigeria’s fintech landscape has undergone a seismic shift in recent years, driven largely by persist...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms ex...
• Central African Republic seeks $12B for 2024-2028 development plan• 58 projects target agriculture, mining, energy, transport, and health• Goal:...
• Ghana launches $1.1B "Big Push" to address infrastructure gap• Funded by oil revenues, mining royalties, and private partnerships• Investment to...
• Nigeria’s exports to Togo surged six-fold to ₦812 billion in Q2 2025, overtaking South Africa.• Lower costs, shorter dwell times and CFA franc...
• Libya, Nigeria revive talks on gas pipeline to Europe via Libya• Proposed 3,300 km route would link to existing Greenstream pipeline• Project aims to...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...