RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home company news

Airtel Africa set $750 million for mobile-money business.

Rate Captain by Rate Captain
March 17, 2023
in company news
Reading Time: 1 min read
A A
0
Airtel Africa’s nine-month turnover hits $3.9billion.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Airtel Africa has set aside $750 million for capital expenditure on infrastructure this year to ramp up its mobile-money business across the continent. 

This information was disclosed in an interview by Bloomberg with the Group Chief Executive Officer of Airtel.

AlsoRead

NGX Reports 98% Surge in Trade Volume as Investors Lose N35 Billion

Toshiba’s $14 Billion Privatization Tender Offer Expected to Succeed

Dangote Refinery to Commence Diesel, Jet Fuel Operations in October 2023

The CEO highlighted the opportunity in the promotion of cashless payments by Nigeria’s government to expand commerce.

“We are in a very good position to now take advantage of the cashless policy of the government in driving the penetration of a digital model. We’ve got a lot more phones than debit cards, we’re really planning to automate this opportunity and use this policy to drive differentiation of money in our customer base,” he said.

The CEO noted that the wireless carrier plans to further develop its technology platform and distribution infrastructure.

The firm, whose board is headed by Bharti Airtel Chairman and billionaire Sunil Mittal, would be raising capital spending from $656 million in the year through March, according to its annual report.

Airtel Africa, with operations in 14 African countries, is looking to ramp up its mobile-phone based financial offering in its biggest market, Nigeria, where the government is promoting cashless payments to expand commerce in the continent’s largest economy. The company’s financial service, dubbed Airtel Money, is its fastest-growing division.

Previous Post

Insecurity and climate change are the causes of high food inflation-FG

Next Post

NGX strategises to reduce N180 billion unclaimed dividends.

Related News

NGX Appoints an Advisory Panel on Digital Technology Products.

NGX Reports 98% Surge in Trade Volume as Investors Lose N35 Billion

by Stephen Akudike
September 22, 2023
0

In a noteworthy development in the Nigerian financial markets, the daily trade volume on the Nigerian Exchange Limited experienced a...

Toshiba’s $14 Billion Privatization Tender Offer Expected to Succeed

Toshiba’s $14 Billion Privatization Tender Offer Expected to Succeed

by Bolarinwa Mathew
September 20, 2023
0

Toshiba Corporation, the iconic Japanese conglomerate that has faced years of turmoil, scandals, and financial instability, announced on Wednesday that...

Dangote Refinery to Commence Diesel, Jet Fuel Operations in October 2023

Dangote Refinery to Commence Diesel, Jet Fuel Operations in October 2023

by Victoria Attah
September 19, 2023
0

The highly anticipated Dangote Refinery is gearing up to commence its diesel and jet fuel refining operations in October 2023,...

Oando PLC Announces Audited FYE 2021 Results, Posts N32.9 Billion Profit-After-Tax

Oando PLC Announces Audited FYE 2021 Results, Posts N32.9 Billion Profit-After-Tax

by Stephen Akudike
September 19, 2023
0

Oando PLC, a leading indigenous energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange, has...

Next Post
NGX Appoints an Advisory Panel on Digital Technology Products.

NGX strategises to reduce N180 billion unclaimed dividends.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

September 22, 2023
NGX Appoints an Advisory Panel on Digital Technology Products.

NGX Reports 98% Surge in Trade Volume as Investors Lose N35 Billion

September 22, 2023

Popular Story

  • Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

    Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

    0 shares
    Share 0 Tweet 0
  • Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

    0 shares
    Share 0 Tweet 0
  • NNPC Increase Pump price to N617 Per Litre Amidst Economic Hardship

    0 shares
    Share 0 Tweet 0
  • Access Bank Invites Applications for 2023 Entry Level Trainee Program in Technology

    0 shares
    Share 0 Tweet 0
  • Bank of England Pause Monetary Policy Meeting After Inflation Surprise

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
?>