Airtel Africa Sees an 11% Revenue Growth in Q4 2022

Airtel Africa has announced their results for Q4 2022, which saw its net profit grow almost 27% from October to December.

Providing affordable, innovative and essential services to customers in our 14 markets is integral to our ambition…the strong results are testament to this strategy despite the current macro-economic and geopolitical uncertainties.

Despite inflationary pressures across our markets, the strong revenue performance in the first nine months combined with continued focus on cost optimisation, contributed to Ebitda growth of over 17% in constant currency, with stable (operating) margins.

Over the last nine months we have spent almost $490 million on 4G and 5G spectrum across key markets to improve network capacity and quality, future-proof the company for continued growth opportunities and facilitate economic progress in all our markets.

Segun Ogunsanya, CEO, Airtel Africa