Airtel’s $460 million profit wiped out by FX loss

Airtel Africa partners SpaceX to roll out Starlink Direct-to-Cell connectivity across 14 markets

Airtel Africa would have made $460 million in profit after tax in its full year, which ended March 2024, if not for currency devaluations in Nigeria and Malawi. A foreign exchange loss of $549 million ensured that the telco could only record a loss after tax of $89 million. In its full-year repor

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```