(The Southern African Times) – Airtel Africa marked its membership of the FTSE 100 share listing this week with revenue up almost 25 percent and earnings up 34 percent.
The company reported nearly 3.50 billion U.S. dollars in revenue in the last three quarters of 2021 compared with 2.85 billion in the same period of 2020.
The London-based company provides telecommunications and mobile money services in Nigeria, East Africa and Francophone Africa.
Airtel Africa chief executive Segun Ogunsanya said a strong third quarter contributed to the operator’s nine-month performance across all metrics. The company saw revenue growth in all regions as Nigeria was up 29 percent, East Africa up 24.4 percent and Francophone Africa 19 percent.
“I am particularly pleased with developments in Nigeria, where in November we received approval in principle for both a payment service bank – mobile money – licence and a super-agent licence”.
Airtel Africa, whose shares were floated on the London Stock Exchange in June 2019, was admitted to the FTSE 100 list on Monday this week. The FTSE is the largest 100 qualifying companies on the London Stock Exchange.
“This achievement has been on the back of all the hard work and success achieved by everyone at Airtel Africa,” Ogunsanya says. “We look forward to growing the company further as we continue to sustainably bridge the digital divide, expand financial inclusion and meet the evolving needs of our customers.”