Airtel Africa Set to Announce H1 2021 Financial Statements on 23 October 2020

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Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, will announce its H1’21 results for the period ending 30 September 2020 on 23 October 2020.

Management will host a conference call on the day of results for analysts and investors at 9:30 am BST.

This was made available in a statement released on the Nigerian Stock Exchange’s website and signed by Simon O’Hara, Group Company Secretary, Airtel Africa.

Airtel Africa Set to Announce H1 2021 Financial Statements on 23 October 2020
A billboard for telecommunications company Airtel is seen in Libreville, Gabon’s capital, January 16, 2017. REUTERS/Mike Hutchings/File Photo
Airtel Africa Q2 revenue grows 6.9% to $851M amidst COVID-19 concerns

Airtel Africa, the subsidiary of Bharti Airtel, reported revenue grew by 6.9%, with constant currency growth of 13.0%. The constant currency growth of 13.0% was partially offset by currency devaluation, mainly in Nigeria (6.9%), Zambia (28.3%) and Kenya (4.4%).

The revenue growth was largely driven by the growth of our customer base, up by 11.8% to 111.5 million and ARPU growth of 1.6% in constant currency. Revenue growth was recorded across all the regions: Nigeria up 17.1%, East Africa up 17.5% and Francophone Africa up 2.2%.

Notably, revenue growth was broad-based across all its key segments: voice up 2.2%, data up 35.7% and mobile money up 26.3% in constant currency terms.

The telecom giant also recorded growth in its customer base by 11.8% to 111.5 million.

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