Telecom

Nigeria alone accounts for 40% of Airtel Africa's revenues in 2019

Thursday, 14 May 2020 14:12
Nigeria alone accounts for 40% of Airtel Africa's revenues in 2019

(Ecofin Agency) - Airtel Nigeria weighted the most in the revenues of Airtel Africa over the financial year 2019 ending March 31, 2020. The Nigerian arm alone generated $1.4 billion, up 5% compared with the previuos year and making 40% of the total Group’s revenues over the period.

The strong performance by Airtel Nigeria was spurred by a 67.8% increase in data revenues, which reached $435 million, from $259 million in 2018. The 5 branches in East Africa (Kenya, Malawi, Rwanda, Tanzania, and Uganda) generated the second-highest contribution to the telecom group's revenues. Along with the southern African branch in Zambia, they generated a total of $1.2 billion, up 9% from 2018. This makes 35% of the Group’s total revenues; a performance supported by the Mobile Money and data segments, which generated $213 million (+38.6%) and $307 million (+15.5%) respectively.

Francophone Africa, the minor contributor, generated $859 million (+3.2%) thus contributing 25% of Airtel Africa’s results. In this part of Africa, the Mobile Money and data segments are dynamic but not enough given the size of the market. Mobile money revenues were $93 million while data revenues were $189 million.

Over the period reviewed, Airtel Africa, the African subsidiary of Indian Bharti Airtel, generated a total of $3.4 billion.





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.