Airtel Money

Airtel Money, the mobile money division of Airtel Africa, is an African payments processor operating in 13 countries. The company is ultimately controlled by an Indian billionaire and is planning one of the largest flotations on the London Stock Exchange in recent years. This move is seen as a potential boost for the struggling London market, which has experienced several company departures. While the flotation is a significant event, valued between £6bn and £7bn, it is not yet considered a definitive end to the UK's listing drought. The company's intention to list highlights its substantial presence and growth in the African mobile money sector, making it a noteworthy development for both the company and the London financial landscape.