/ 16 May 2024

Egypt and Nigeria currency devaluations hurt Vodacom, MTN

Vodacom Group Ltd. Boosts Growth Forecasts On Rising Network Investment
Vodacom’s earnings slumped by more than 10% in the year ended March when the telecoms company was hit by a currency devaluation in Egypt. (Waldo Swiegers/Bloomberg via Getty Images)
Emerging markets will always be susceptible to currency risk, analysts say

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