Tuesday
May 19
2020

Mobile Money Becomes Lifeline as Telecoms Thrive in Covid-19 Era

By Njiraini Muchira

Mobile money and data have emerged as the lifeline in revenue growth for African-focused telecoms operators Vodacom Group and Airtel Africa across markets characterised by stiff competition and challenging regulatory regimes.

The two telcos this week released full year results for the year ended March 31 that show impressive growth in mobile money and data earnings amidst near

Photo courtesy of lirneasia.

Source: The East African (link opens in a new window)

Categories
Coronavirus, Finance
Tags
coronavirus, mobile money, Safaricom, telecommunications