Revenue by Geography

Financials in millions BWP. Fiscal year is January - December.

Millions BWP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Kenya			132.20M	107.76M	139.55M	159.48M	156.12M
Kenya Growth			22.68%	-22.78%	-12.49%	2.15%	13.71%
Eswatini			112.44M	108.28M	88.41M	77.95M	67.45M
Eswatini Growth			3.84%	22.47%	13.43%	15.56%	19.43%
Lesotho			91.18M	81.91M	89.92M	85.24M	88.59M
Lesotho Growth			11.32%	-8.91%	5.49%	-3.78%	1.27%
Namibia			543.28M	565.91M	539.23M	489.09M	555.60M
Namibia Growth			-4.00%	4.95%	10.25%	-11.97%	-3.87%
Mozambique			475.57M	444.40M	415.99M	314.08M	316.74M
Mozambique Growth			7.01%	6.83%	32.45%	-0.84%	39.83%
Botswana			696.77M	710.99M	679.18M	652.66M	669.19M
Botswana Growth			-2.00%	4.68%	4.06%	-2.47%	2.04%
Holding Company or Eliminations			-400.97M	-355.19M	-225.13M	-169.13M	-128.64M
Rwanda			22.47M	19.95M	8.60M	6.11M	9.41M
Rwanda Growth			12.65%	131.85%	40.77%	-35.08%	-18.86%
Uganda			176.40M	158.28M	159.36M	134.66M	142.35M
Uganda Growth			11.45%	-0.68%	18.35%	-5.40%	4.39%
Tanzania			145.92M	154.46M	143.84M	145.83M	168.28M
Tanzania Growth			-5.53%	7.38%	-1.36%	-13.34%	-17.47%
Nigeria			67.73M	81.63M	73.92M	61.89M	53.43M
Nigeria Growth			-17.03%	10.44%	19.43%	15.84%	-7.08%
Ghana			217.82M	207.45M	233.89M	187.04M	284.98M
Ghana Growth			5.00%	-11.30%	25.05%	-34.37%	18.65%
Total			2.28B	2.29B	2.35B	2.14B	2.38B
Total Growth			-0.22%	-2.60%	9.41%	-10.01%	0.90%

Source: S&P Global Market Intelligence.