Airtel Africa – InfoStride News

Airtel Africa Returns to Profitability with $661 Million Pre-Tax Profit

Temitope Nlewemchi — Mon, 12 Jan 2026 21:52:04 +0000

Airtel Africa has reported a significant financial turnaround for the fiscal year ending March 31, 2025, posting a pre-tax profit of $661 million. This marks a remarkable recovery from a pre-tax loss of $63 million in the previous year, representing a 1,147.8% year-on-year improvement. Key Financial Highlights: Revenue: Total revenue for the period stood at [...]

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Airtel Africa Initiates Search for New External Auditor to Strengthen Financial Oversight

Temitope Nlewemchi — Fri, 05 Dec 2025 13:17:39 +0000

Airtel Africa, one of the continent’s leading telecommunications operators, has announced the commencement of a formal process to appoint a new external auditor. The decision, aimed at enhancing transparency, corporate governance, and investor confidence, marks a significant step in the company’s ongoing efforts to maintain high standards of financial reporting and compliance with international accounting [...]

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Airtel Africa reports $74 million pre-tax profit as Nigerian subsidiary struggles

Temitope Nlewemchi — Mon, 29 Jul 2024 08:46:31 +0000

Airtel Africa has recorded a profit before tax of $74 million for the quarter ending June 30, 2024. This marks an impressive 134% year-on-year appreciation from the $221 million pre-tax loss posted by the company in corresponding period of the 2022/2023 financial year. Following the impact of currency devaluation, especially in Nigeria, the group’s revenue [...]

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Consumer goods’ lift capitalisation by 1.8%

Temitope Nlewemchi — Mon, 16 Aug 2021 14:29:47 +0000

Consumer goods stocks like that of Honeywell Flourmills Plc closed higher at the end of last week’s transactions on the Nigerian Exchange Limited (NGX). It led nine others on the gainers’ chart with 28.93 per cent to close at N2.05 kobo. Following Honeywell was Northern Nigeria flourmills, which added 22.76 per cent to close at [...]

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Buying interest persists on NGX as index rises further by 0.5%

Temitope Nlewemchi — Tue, 27 Jul 2021 19:20:54 +0000

Sustained buying interest in the shares of some blue-chip stocks, especially Oando and FTN Cocoa, aided the Nigerian Exchange Limited (NGX) to close on an upward note yesterday, as the All-Share Index (ASI) appreciated further by 0.5 per cent. At the close of trading yesterday, the ASI grew by 181.18 absolute points, representing an increase [...]

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