Author: Duncan Mlanjira

* Total customer base grew 10% to 179.4 million, with data customers up 14.6% to 81.8 million and smartphone penetration rising to 48.1% * Airtel Money customers reached 52 million, surpassing the 50 million milestone, while annualised processed value exceeded US$210 billion * Group revenue rose 28.3% to US$4.67 billion (24.6% constant currency), EBITDA increased 35.9% to US$2.28 billion and profit after tax more than doubled to US$586 million By Duncan Mlanjira Airtel Africa Plc has published its results…

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* Diaspora FCDAs are foreign currency accounts held in Malawi by Malawian citizens residing outside Malawi * These accounts must not be funded with money that does not originate from Malawi and is not derived from export earnings By Duncan Mlanjira The Reserve Bank of Malawi (RBM) has issued a conditions to be followed when applying for diaspora foreign currency denominated accounts (FCDAs). In a public communique issued on Friday by Deputy Governor-Economics & Regulator, Henry Mathanga, the RBM…

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* Growth of 83% that was posted in 2024 of K580 million with share value at 176% from 140.80% in 2024 and loan portfolio at over K4.4 billion from over K3.2 billion in 2024 * Despite the country’s economic challenges, Mudi managed to rectruit 5,936 new members in 2025 representing 54% of total target down from 2024’s 65% target * First to hold members’ annual general meeting for the 3rd successive year — beating by far the deadline of…

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