Airtel Malawi Plc Reaffirms Dedication to Transparency and Progress – Malawi Nyasa Occasions
Airtel Malawi Plc has reiterated its dedication to transparency and development in a bid to handle the considerations of its minority shareholders. This dedication was made in the course of the firm’s twenty fifth Annual General Meeting (AGM) held on October 22, 2024, which adopted a previous adjournment associated to the revision of its monetary outcomes for the yr ending 2023.
The revision stemmed from an intensive assessment of accounting therapies regarding its US$ listed tower lease contract. As a end result, Airtel Malawi reported a lack of K15 billion after tax for that interval in revised monetary statements launched in August 2024.
“Airtel Malawi remains committed to delivering value to its shareholders and customers, continuing its journey of innovation and excellence in the telecommunications industry,” stated Mark Mikwamba, Board Director and performing chairperson for the AGM.
The AGM was significantly vital because it marked the ultimate assembly for Managing Director Charles Kamoto, who is ready to transition to a task in Tanzania. Kamoto joined Airtel Malawi in 2014 as Chief Commercial Officer earlier than rising to the place of Managing Director in 2016. He has performed a pivotal function within the firm’s development and its standing as a pacesetter within the cellular telecommunications sector.
“I am leaving behind a vibrant and vigilant team that I am confident will continue to drive the company’s growth and expand its services to greater heights,” Kamoto said.
In a optimistic flip, Airtel Malawi not too long ago introduced a revenue after tax of MK21.3 billion for the half-year ending June 30, 2024, marking a 16.7% improve in comparison with the monetary outcomes for the yr ending December 2023. This vital development underscores the corporate’s resilience and strategic outlook amidst difficult market situations.
Airtel Malawi’s dedication to transparency and accountability, particularly in gentle of its current monetary changes, displays a broader aim of fostering belief and engagement with its shareholders and prospects. As the telecommunications big navigates these adjustments, its focus stays on innovation and excellence, making certain it continues to fulfill the evolving wants of the Malawian market.
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