Airtel Africa

Airtel Money, the mobile money division of Airtel Africa, is preparing for a significant listing on the London Stock Exchange. This payments processor operates in 13 African countries and is ultimately controlled by an Indian billionaire. The planned flotation is notable as it represents one of the largest UK listings in recent years, potentially offering a boost to the London market which has experienced several company departures. While a welcome addition, analysts suggest this single event may not entirely resolve the ongoing 'listings drought' in London. Airtel Money is expected to be valued between £6 billion and £7 billion, highlighting its substantial presence and the financial significance of this move for both the company and the stock exchange.