Browsing: Airtel

mobile money in Tanzania

The government amended the Electronic and Postal Communication Act (CAP) last month by imposing a levy of between US$0.0043 (10Tsh) and US$4 on mobile money transactions, depending on the amount sent and withdrawn.

One of the key factors that led to the expansion of mobile money in Africa and Tanzania, in this case, was the increased interoperability, product expansion—which brought financial inclusion to enable nearly everyone with decent income-earning schedules to own a mobile wallet account.…

Airtel Uganda and KCB Bank Uganda announced a partnership to introduce a variety of mobile loans and savings solutions in Uganda.

From the partnership, its customers will earn interest on savings of five percent per annum on regular savings and 9 percent per annum on fixed deposits.

The automated digital products include Regular Savings, Instant Unsecured Mobile Loans and Fixed Deposit Savings Accounts that will allow its customers to borrow mobile loans from as low as UGX300 (KSH 9.15). Airtel Money Agents will be able to get unsecured loans at UGX300 interest only while KCB and Airtel customers can earn up to 9 percent interest on mobile savings.

The partnership is set to revolutionize savings in Uganda by providing the best interest rate in the market.

“Most of our customers are unbanked with limited or no access to financial products especially saving deposits. By offering competitive interest rates in an …

Airtel records a massive rise in profit of $1.03 billion in Q1 2021 due to an increase in data and mobile money subscribers between January and March 2021.

In its latest financial report for Q1 2021, Airtel saw a significant rise in revenue by 21.7 per cent from  Q1 of 2020 which recorded $899 million in revenue. However, due to constant currency change, the revenue growth is at 15.4 per cent.

In Q1 2021, Airtel recorded a $215 million increase in profit before tax from $97 million recorded in Q1 2020 despite recording a 6.9 growth in its total subscribers.

In Q1 2021 Airtel recorded profits of $154 million in profits after tax compared to $77 million recorded in 2020.

Data service saw an increase of 31.7 per cent to record $315 million in revenue compared to $253 million in Q1 2020 while mobile money recorded a 38.7 per cent …

Airtel recorded a 14 per cent growth in revenue to $ 659 million in East Africa for the six months ending September citing an increase in subscribers.

According to Airtel’s financial report, voice revenues saw a growth of 5.4 per cent to $312 million across the East African market which includes Uganda, Kenya, Tanzania, Rwanda, Malawi and Zambia.

Data service recorded a 21.2 per cent growth in revenues to $ 174 million while mobile money as well saw a 33.2 per cent growth in revenues to $132 million during the period under review.

The telecom said that the double growth in revenue is due to an increase in subscriber numbers from 12.1 million to 14.9 million as well as 4G infrastructure network expansion from 60 per cent to 68.6 per cent of the sites in the period under review.

“Our mobile network in Uganda, Zambia and Malawi now consists of …

Airtel Africa said its first-half Capex (Capital Expenditure) dropped by 12.4 per cent to $216 million, mostly due to the impact of import logistics during the pandemic period.

In a worst-case scenario, Airtel Africa it could be able to reduce Capex significantly without compromising network quality by prioritising expenditure.

Airtel Africa

The telecom said that it is continuing to invest in the mobile network and it has not changed its commitment to spend planned $650 million to $700 million.

During the first quarter of fiscal 2020-2, Airtel CAPEX in Nigeria was $97 million, in  Francophone Africa at $36 million and in East Africa at $81 million.

The strategy of the telecom group is to invest in the network by expanding 4G coverage and building capacity to cater to the needs of its customers and to continue providing them with high-speed data.

The group said the expansion of 4G coverage and …

Airtel was ranked as the leading data speed provider with slightly above 14 megabits per second (Mbps) a report from the latest Quality of Service study (QoS) released by the telecom regulator.

According to the Uganda Communications Commission, the Quality of Service study (QoS was carried out to determine telecom performance in success, blocked call rates and dropped call rates and data speeds described as throughput (speed).

The report indicates that telecoms in Uganda registered the highest speeds in rural areas and slower speeds in the urban and peri-urban.

Also Read: Data, mobile money steer Airtel’s revenue growth

From the study, the Airtel network was the quickest in nearly every jurisdiction.
For instance, in an area where Airtel had an average speed of 14mbps, MTN was slightly above 4mbps and 3mbps.

Last year, Airtel Africa embarked on an exercise aimed at boosting the company’s infrastructure to upgrade its internet. The …

Revenue from data and mobile money drove Airtel Africa’s operations, boosting the company’s overall revenue by 9.9 per cent.

The Airtel’s revenue grew to $2.5 billion for the nine months ended December 31 from $2.2 billion in 2018.

According to data from the telecom, Airtel Africa realised a 3.9 per cent increase in voice revenue, 39 per cent in data and 40.4 per cent in mobile money during the period.

“We are also increasingly seeing the success of our strategy to lead in the roll-out of modernised 4G networks, with more than 40 per cent increase in data revenues for the quarter… our mobile money offer as well as increasing the distribution footprint have helped gain further acceptance of Airtel money,”  said Mr Raghunath Mandava, chief executive officer, Airtel Africa.

Also Read: Telkom dislodges Airtel with Kenya’s lowest call charges across networks

In the nine months ended December 2019, Airtel …

Tigo, Tanzania has unveiled a new package, allowing its customers to call across networks at the same tariff.

The package dubbed “Ujanja Ni” is expected to increase its customer base by stiffening competition witin the telecommunication sector in the country.

According to a statement from Tigo, the package offers absolute freedom to call any network at the same tariff, and customers purchase the voice, and data packages at affordable and competitive prices.

Tanzania Communications Regulations Authority (TCRA) September 2019 quarterly statistics, put Tigo Tanzania with 26.1 per cent of the subscription market share, at the height of voice consumption along-side other telco giants Vodacom and Airtel Tanzania.

The launching of the service adds up on the Tanzanian government’s efforts in ensuring that making calls across all networks in Tanzania is affordable and gives customers the assurance to enjoy a better internet experience on the biggest 4G+ network in the country.…