Moody’s warns MTN, Liquid are exposed to regional currency volatility, inflation risks

By Tawanda Karombo | Published Oct 7, 2024

LIT - the independent fibre network operator - earns around 75% of its revenue in local currencies such as the Zimbabwe Gold South African rand. Most of LIT’s customer contracts “do not include any price escalation mechanisms, exposing LIT to inflation and currency depreciation” risks.