Airtel Kenya finally smells profit after years of losses

Airtel Africa has signalled that it expects its Kenyan unit to return to profitability in the near-term, saying this is the basis for its recent utilisation of deferred tax assets deriving from past losses from the Kenyan business.

The telco, courtesy of making losses running into billions of shillings over the years, had built up the tax credits to use in the future to lower its tax bill.