Airtel Loses $549m Over Currency Devaluations In Nigeria And Malawi

The second-biggest telecom provider in Nigeria, Airtel Africa Plc, reported a $89 million loss after taxes for the entire year that ended in March 2024. The company attributed the decline to a $549 million significant foreign currency loss. According to the telco’s analysis, which was made public on Thursday, the devaluations of the Malawian kwacha … Continue reading Airtel Loses $549m Over Currency Devaluations In Nigeria And Malawi