Airtel Kenya used up an additional Sh2.5 billion ($20 million) worth of deferred tax credits on its books to save on payments due to the taxman in the quarter ending December 2022, pointing to a return to profitability in the near term.
Financial disclosures by the company’s London-listed parent firm Airtel Africa for the nine months ended December 2022 show that the cumulative saving on tax payments as a result of utilising the deferred tax credits hit $62 million (Sh7.7 billion) in the period, up from $42 million (Sh5.2 billion) in the six months to September.
