Back then, mobile phones were a luxury, even an oddity. For Airtel Africa, this is a huge opportunity. The second largest telecoms business in Africa, it is also the leading provider of mobile money services, which allow customers to use their phone like a mini bank. And Airtel is better positioned than most to add new customers to its roster and help existing ones to move to smartphones. Midas verdict: Midas recommended Airtel in August 2020, when the shares were 57p.

Source: Daily Mail May 15, 2022 08:56 UTC