Airtel Africa defies devaluations, posts $328M profit in FY ’25
Airtel Africa reported a profit of $328 million for the full year ended March 31, 2025. The company experienced a slight revenue dip of 0.5% to $4.95 billion due to currency devaluations.
Joy is coming for MTN shareholders
MTN Nigeria incurred negative shareholder equity of ₦324.6 billion, stalling dividend payments. The company reported net forex losses of ₦740.4 billion in 2023 and ₦925.4 billion in 2024.
MTN discloses cyberattack impacting customer data in select markets
MTN Group detected malware on its systems during a cyberattack on April 19, 2025. The breach has impacted customer data in select markets, including Nigeria.
US tariffs could derail Africa’s telecom growth, MTN CEO warns
MTN Group's CEO Ralph Mupita warns that new US tariffs on technology imports could impact Africa's telecom sector. The company spends around $2 billion annually on network infrastructure, which may be threatened by rising equipment costs.
Africa’s digital payments projected to reach $1.5 trillion by 2030
Mastercard's digital payments economy in Africa is projected to reach $1.5 trillion by 2030. The MADE Alliance aims to provide digital access to 100 million businesses and individuals over the next decade.
