Airtel Kenya books new Sh7.5 billion tax savings

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Airtel Kenya Ltd headquarters located along Mombasa Road, Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

Airtel Kenya booked Sh7.5 billion in tax savings in the three months to March 2023, as the company points towards a profitability trend in the coming year.

Financial disclosures by the company’s London-listed parent firm Airtel Africa for the year ended March show that the cumulative saving on tax payments as a result of utilising the deferred tax credits hit $117 million (Sh16 billion) in the period.

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Note: The results are not exact but very close to the actual.