Ihs Holding Ltd. (IHS) has released an update.
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IHS Holding Limited has reported a challenging first quarter for 2024, with a 30.7% revenue decrease largely due to a significant devaluation of the Nigerian Naira, although organic growth increased by 35.5%. The company experienced a considerable loss, primarily from unrealized FX losses, but maintains its 2024 guidance, expecting a stronger performance in the coming quarters. Despite these setbacks, IHS Holding continues to expand its operations, including a new agreement with Airtel in Nigeria and extended partnerships in Zambia and South Africa.
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