Airtel Africa Plc is exploring an initial public offering (IPO) for its mobile money unit, Airtel Money, according to a Bloomberg report.

The potential IPO will value the unit at $4 billion. The report revealed that Airtel has been in talks with potential advisors regarding listing Airtel Money this year.

“The exact location for the listing remains undecided, with executives considering stock exchanges in the United Arab Emirates, London, and other European markets,” it read.

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The final decision to proceed with the IPO rests with Airtel Africa, and details like timing and valuation are still under discussion.

However, this potential move comes after investments from TPG ($200 million in 2021) and Mastercard ($100 million in 2021) that valued Airtel Money at $2.65 billion.

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Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.

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