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Airtel Africa Records 7.9% Subscriber Growth, $3.6B Revenue in Nine-month Results

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Airtel Africa reports strong revenue and customer growth, bolstered by data, mobile money, and network investments despite currency fluctuations. Airtel Africa plc has announced its results for the nine-month period ended 31 December 2024 on Thursday.

Operating Highlights

The total customer base grew by 7.9% to 163.1 million. Data customer penetration continues to rise, with a 13.8% increase in data customers to 71.4 million. Data usage per customer increased by 32.3% to 6.9 GBs, with smartphone penetration increasing by 5.2% to reach 44.2%.

The continued investment to increase financial inclusion across our markets contributed to an 18.3% increase in mobile money subscribers to 44.3 million. Transaction value in Q3’25 increased by 33.3% in constant currency1 with annualised transaction value of $146bn.

Data ARPU growth of 15.0% and mobile money ARPU growth of 11.8% in constant currency continued to support overall ARPUs which rose 12.0% YoY in constant currency.

Customer experience remains core to our strategy with sustained network investment during the period. In line with our strategic priorities, data capacity across our network has increased by 20.8% with the rollout of 2,850 sites and approximately 2,600 kms of fibre.

Financial performance

Revenues of $3,638m grew by 20.4% in constant currency but declined by 5.8% in reported currency as currency devaluation continued to impact reported revenue trends. Strong execution supported a further quarter of accelerating growth with Q3’25 revenue growth of 21.3% in constant currency and reported currency revenue growth of 2.5%.

Across the Group, mobile services revenue grew by 18.8% in constant currency, driven by voice revenue growth of 9.8% and data revenue growth of 29.5%. Mobile money revenue grew by 29.6% in constant currency.

EBITDA for the nine-month period declined by 11.9% in reported currency to $1,681m with EBITDA margins of 46.2% impacted by increased fuel prices and the lower contribution of Nigeria to the Group. However, following initial successes of our cost efficiency programme, EBITDA margins have expanded from 45.3% in Q1’25 to 46.9% in Q3’25.

In Q3’25, profit after tax benefitted from an exceptional gain of $94m (net of tax) following the naira and Tanzanian shilling appreciation. However, over the nine-month period ending 31 December 2024, profit after tax of $248m was impacted by $57m of exceptional derivative and foreign exchange losses (net of tax).

EPS before exceptional items declined from 7.1 cents in the prior period to 6.2 cents, primarily impacted by increased costs associated with the ATC contract renewal, which had no impact on cashflows. Basic EPS of 4.4 cents compares to negative (1.6 cents) in the prior period, predominantly reflecting lower derivative and foreign exchange losses in the current period.

Sunil Taldar, Chief Executive Officer, Airtel Africa plc, said:  “We have delivered an improvement in both the operating and financial performance in the last quarter driven by our refined strategy which is focussed on delivering great customer experience across all touch points.

“An increasingly important component of this is to provide a best-in-class network, digitise and simplify the customer journey. Our focus on speed and quality execution is enabling us to unlock the substantial opportunities for growth across our markets and business segments, where demand remains significant, resulting in a further acceleration of constant currency revenue growth to 21.3% in the most recent quarter.

“We remain committed to investing for the future by expanding our distribution and network to ensure that we capture this significant growth opportunity on offer. Despite the challenging environment for many of our customers, we continue to see strong demand for our services as we enable connectivity and facilitate access to the digital economy.

“The scale of data traffic growth across our markets – an increase of 49% over the last year – is testament to the investments we have made and the relentless focus on our strategy to create value for all our stakeholders.

“As we have communicated previously, our cost efficiency programme continues to deliver EBITDA margin improvements, with a further expansion of margins in Q3’25. We continue to focus on further margin improvement.

“Furthermore, our capital structure remains robust with just 8% of OpCo debt in foreign currency – a substantial improvement over the last year. This, together with continued confidence in the outlook for the business, has enabled the Board to announce a second share buyback programme, which will return up to $100m to shareholders.

“The recent signs of currency stabilization in some markets and the recent decision from the Nigerian Communications Commission (NCC) regarding tariff adjustments in Nigeria are encouraging and signal a more stable and supportive operating environment. While challenges remain, these developments provide a firm foundation for growth and improved market conditions”.


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George Agu to Lead Discussions at Afritech 5.0

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The organisers of the Africa Tech Alliance Forum (AfriTECH 5.0) are delighted to announce George Agu, a distinguished technology entrepreneur and executive, as one of the keynote speakers at this year’s edition themed “AI & Sovereign Tech: Building Africa’s Digital Independence.”

Agu, the MD/CEO of ActivEdge Technologies Limited, is an astute founder and technology leader whose illustrious career spans over twenty-five years across core banking systems, enterprise applications, fintech, cybersecurity, and AI-powered e-government services. His experience blends strong technical expertise with strategic business leadership, having successfully built and scaled enterprise and public-sector technology platforms across West, East, and Southern Africa.

A Certified Information Systems Auditor (CISA) and Certified Information Security Manager (CISM), Agu is also an alumnus of The Wharton School and the London School of Economics (LSE) through executive education, with specialisations in Entrepreneurship Acceleration, FinTech Revolution, Strategic Innovation, and Public Policy Analysis.

He began his professional journey as a software developer at CSA Nigeria in 2000, later joining Neptune Software, where he rose from Systems Implementation Manager to Managing Director/CEO for West Africa. At Neptune, he played a pivotal role in the success of the Equinox and Orbit core-banking platforms, with Orbit earning the No. 1 global ranking in microfinance core banking by CGAP (Washington DC).

As a serial founder, Agu established ActivEdge Technologies, a pan-African systems integrator delivering solutions in cybersecurity, GRC, enterprise automation, cloud, and core infrastructure, executing projects in more than six African countries.

He went on to found PayEdge, a fintech company addressing MSME liquidity and supply-chain finance challenges, and Introspec, a settlement and reconciliation platform used by banks in over fifteen African countries.

His latest innovation, HarmonyEdge, is an AI-powered e-government platform that digitises workflows, enables analytics and decisioning, supports citizen engagement, and powers payment and e-reconciliation systems — currently being piloted in a leading African nation.

Beyond entrepreneurship, George Agu contributes actively at board and civic levels. He serves on the Abia State Global Economic Advisory Council, chairing a sector committee, and on the board of TN Cybertech Bank, where he leads the Technology and Strategy Committee.

He also chairs the Business Roundtable of the African Bar Association and serves as Deputy President of the South East–South South Professionals.

Speaking ahead of AfriTECH 5.0, Mr. Chike Onwuegbuchi, co-convener, described Agu as a “seasoned technology visionary whose work embodies the spirit of African innovation and digital self-reliance.”

“His keynote will provide practical insights on how AI and sovereign technologies can redefine digital transformation across Africa’s public and private sectors”, Onwuegbuchi said.

AfriTECH 5.0 will convene industry leaders, policymakers, investors, and innovators to explore the role of AI and indigenous technologies in driving Africa’s digital independence.

The event is supported by NCC with Digital Encode Limited as the Platinum Sponsor. Other Gold sponsors are Galaxy Backbone, itel, Digital Realty, ActivEdge Technologies, Tecom, Tizel Cybersecurity, AfriGoPay Financial Services Limited, SKOT Communications and other ecosystem partners.


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Transforming Africa: NITDA DG Makes Urgent Call for Digital Investment

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Kashifu Inuwa, director general of the National Information Technology Development Agency (NITDA), has called for urgent and strategic investment in Africa’s digital public infrastructure, describing it as the foundation for sustainable economic transformation, job creation, and intra-African trade.

Speaking at the 2nd annual Sustainability Week Africa held at The Westin, Cape Town, South Africa, Inuwa emphasized that Africa’s economic destiny hinges on its own “compute capacity,” which he described as a primary factor of production in the 21st century.

“In the 21st century, compute power is a primary factor of production, and we cannot rely on exporting our raw data to other regions to process it and build products for us,” Inuwa said during a panel session on Digital Infrastructure for Jobs and Trade in Africa.

He urged African governments to emulate Europe’s collaborative approach to building high-performance supercomputers and AI factories by creating policy incentives that attract private sector investment in digital infrastructure.

Digital public infrastructure (DPI), he explained, operates at two levels: the shared physical and technical infrastructure such as connectivity and cloud capacity; and the functional layer, which includes digital identity, payment systems, and data exchange platforms that enable seamless access to services.

Citing Nigeria’s progress, the NITDA DG disclosed that over 130 million Nigerians have been enrolled under the national digital identity system.

He also revealed ongoing efforts to establish a national data exchange platform and a DPI Centre of Excellence to promote interoperability and best practices across all tiers of government.

“The Minister of Communications, Innovation, and Digital Economy in Nigeria, Dr Bosun Tijani, is leading and pushing for establishing a DPI centre of excellence, where we can have people building the actual DPI data exchange well, building APIs, and also coming up with best practices,” Inuwa stated.

On digital literacy, Inuwa reiterated Nigeria’s commitment to achieving 95% digital literacy by 2030 and 70% by 2027 under the National Digital Literacy Framework.

He noted that digital skills have become mandatory for students and civil servants, with partnerships involving Cisco and the National Youth Service Corps (NYSC) to train youth, women, and market traders in digital tools and AI-powered applications.

He called for clear policy frameworks to guide AI adoption and technology development across Africa, stressing that digital transformation is not a sector but an enabler for every sector of the economy.

“In Africa, we need to have our digital circuits by building our own capacity for digital self-determination. We should not rely on other countries to be sending hardware and software to us because our goal is to build a better life for our citizens, and technology will help us achieve that,” he said.

Inuwa concluded by advocating stronger coordination between governments, the private sector, and development partners to harmonise digital standards and scale innovation across the continent.

“Africa’s advantage lies in our ability to leap, to build collaboratively, and to design technology for inclusion. If we build the digital rails together, our youth will drive Africa straight into the heart of the global digital economy,” he said.

Sustainability Week Africa is a continental platform that showcases practical ways for governments, businesses, and communities to embrace green growth. The 2025 edition focused on Africa’s role in driving energy transition, climate resilience, and sustainable development.


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Meta, NDPC to Finalize $32.8m Data Privacy Settlement Terms November 3

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Nigeria Data Protection Commission (NDPC) and Meta Platforms Inc. are set to formally adopt the final terms of a $32.8 million data privacy settlement before the Federal High Court in Abuja on Nov. 3, following months of negotiations over alleged breaches of Nigeria’s data protection laws.

The NDPC had in February 2025 imposed a $32.8 million sanction on Meta, alongside eight corrective orders, for allegedly violating the Nigeria Data Protection Act 2023.

The commission accused the global tech giant of engaging in behavioural advertising without obtaining proper user consent and transferring Nigerian user data abroad without legal authorization.

According to the NDPC, Meta’s practices contravened core principles of transparency and accountability in data processing, prompting the regulator to take enforcement action under the newly enacted data protection law.

Meta subsequently approached the court seeking a review of the commission’s decision and a stay of enforcement. However, the court declined the request, paving the way for both parties to enter into negotiations aimed at resolving the dispute amicably.

At the latest hearing, Meta’s counsel, Mr. Fred Onuobia (SAN), informed the court that both parties had reached a settlement agreement. Justice James Omotosho, presiding over the matter, welcomed the development but emphasized the need for judicial scrutiny of the settlement terms.

“There have been instances where issues not part of the original suit are smuggled into settlement terms. The court must therefore examine the document carefully before approval,” Justice Omotosho stated, before fixing Nov. 3 for formal adoption of the agreement.

The settlement, once adopted, is expected to conclude one of Nigeria’s most significant data protection enforcement cases and could set a major precedent for how global technology firms operate within the country’s regulatory framework.

Legal analysts say the case underscores the growing assertiveness of Nigeria’s data protection regime and signals a shift toward stricter compliance expectations for multinational digital platforms operating in the country.

The Nigeria Data Protection Act 2023, signed into law to strengthen privacy rights and data governance, empowers the NDPC to investigate violations, impose sanctions, and enforce corrective measures to safeguard citizens’ personal data.

Meta, which owns Facebook, Instagram, and WhatsApp, has faced increasing scrutiny globally over its data handling practices. The outcome of the Nigerian case is expected to influence future engagements between regulators and tech firms across Africa.


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