Airtel Kenya’s mobile money business made a profit of Sh79 million in the year ended December 2020, sharply contrasting with the company’s voice division whose losses rose to Sh6 billion in the period.
The mobile money unit recorded revenue of Sh245 million in the period, the company’s financial results show, and although expenses were higher at Sh282.3 million, it was able to turn a profit due to finance income of Sh37.5 million and a foreign exchange gain of Sh80.1 million.
