Kampala, Uganda — East Africa’s growing appetite for mobile internet continued to fuel Airtel Africa’s Mobile Services business during the quarter ended June 30, 2026, helping lift mobile services revenue to $607 million, up from $498 million in the same quarter last year. The performance reflects sustained growth in digital adoption across the region, with…
Airtel Africa Plc has recorded a strong start to its 2026/27 financial year, with revenue climbing 31% on the back of rising customer demand for data and mobile money services, the company has announced. For the quarter ended 30 June 2026, the telecommunications and mobile money giant posted revenue of $1.853 billion, up 31.0% from…
Despite missing its annual target, BBI delivered a stronger-than-expected final quarter, generating revenue of R290 million. State-owned broadband infrastructure provider Broadband Infraco (BBI) ended the 2025/26 financial year below its revenue target despite a strong fourth-quarter recovery. The company says the loss of a major customer contract and delays to key government connectivity projects weighed…
Naspers earns most of its revenue from its international arm, Prosus. (Photograph: File) JSE-listed technology giant Naspers says the 12 months to end-March was a knockout year with it delivering on its “ambitious” targets, including generating more than $7.3 billion (R120 billion) in revenue. The company, which earns most of its revenue through international arm…
The Department of Home Affairs wants to appoint a service provider for the supply, hosting, maintenance and support of a revenue admin system at civic affairs and mobile offices. It’s a mixed bag for the ICT sector from National Treasury’s eTenders Portal as activity once again sees a dip. This means the industry will need…
Airtel Africa, has released its financial report for the year ended March 31, 2026, posting a strong performance result in its operations. The telecoms company recorded a strong 24.0 per cent growth in constant currency revenues in FY’26, with reported currency revenues increasing by 29.5 per cent to $6.415 billion, reflecting attractive industry fundamentals and…
Rasan Builds on Momentum Highest-Ever Quarterly Revenue in Q1 2026 (Photo: AETOSWire) Rasan Information Technology Company (Tadawul: 8313), the leading Insurtech and Fintech platform in the Kingdom of Saudi Arabia, today announced its financial results for the first quarter of 2026, delivering highest ever quarterly revenue, accelerated profitability, and broad-based growth across all products. This…
Shares of companies tied to artificial intelligence infrastructure fell Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle, which has a $300 billion, five-year partnership to supply computing power to OpenAI for AI operations, dropped more…
Ecobank Transnational Incorporated posted its best-ever full-year revenue in 2025, driven by loan growth, higher fees, and a more stable currency environment across sub-Saharan Africa. Net revenue rose 17% to $2.45bn (1.42tn XOF), while pre-tax profit climbed 21% to $801m (466bn XOF), as the pan-African lender (BRVM: ETIT) — present in 39 countries — showed…
Cairo, Egypt — African Export-Import Bank (Afreximbank) is proud to announce that it is supporting Dangote Group, as it seeks to expand its operations and grow its turnover to US$100 billion by 2030. The Group’s leadership presented its long-term growth strategy “Vision 2030: Supercharging Dangote Group for Long Term Success” to the Afreximbank Board of…
