For Airtel, the goal is clear; it wants to grow its mobile money business without incurring more debt. At the end of 2018, the company’s debt stood at $7.7 billion
Despite the economic strain caused by the Covid-19 pandemic, Airtel Africa continues to grow as shown in its 9-month financial report for the period ended 31 December 2020. The company’s reported revenue increased by 13.8% to $2.87 billion.
Visa Inc. and Bharti Airtel (an Indian based telecommunications operator), in a press release, have partnered to provide mobile payment services to Ghana, Tanzania, Kenya, Madagascar, Gabon, Seychelles and Rwanda.
Multinational telecommunications service, Airtel has announced it is vesting Sh2.5 Billion to upgrade its 3G and indoor coverage in Kenya.