📱💰 Airtel Africa Considers IPO for Mobile Money Arm 🌍💼

📱💰 Airtel Africa Considers IPO for Mobile Money Arm 🌍💼

#business
#telecom
#mobile money
Airtel Africa is contemplating an initial public offering (IPO) for its mobile money unit, potentially valuing it at over $4 billion, amidst discussions in early stages, reports Bloomberg. Despite a significant profit drop in 2023, Airtel Money, the telco's financial arm, saw substantial revenue growth, signaling investor interest in fintech ventures.

Airtel Money, expanding rapidly across 14 African countries, faces stiff competition from established players like M-Pesa in Kenya and MTN Momo in Nigeria. Despite challenges, Airtel's move aligns with a growing trend of investment in African mobile money providers, underscoring the continent's fintech potential.


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