Airtel Africa has received a $200 million investment from Qatar holding LLC, an affiliate of the Qatar Investment Authority(QIA) for its mobile money operations. This investment will give QIA a minority stake in Airtel Mobile Commerce BV (“AMC BV”), which operates several of Airtel Africa’s mobile money operations across all of Airtel Africa’s fourteen operating conditions.
On the announcement, Mansoor bin Ebrahim Al-Mahmoud, CEO of QIA commented: “We are delighted to build on our support of Airtel Africa in promoting financial inclusion to the large and growing inclusion to the large and growing population of Sub-Saharan Africa. Airtel Money plays a critical role in facilitating economic activity, including for customers without access to traditional financial services. We firmly believe in its mission to expand these efforts over the coming years”.

The new funding will go towards group debt reduction, investment in network enhancements, and sales infrastructure in the operating countries. It is a continuation of Airtel Africa’s pursuit of strategic asset monetization and investment opportunities, with a possible public listing for its mobile money business within the next four years. This investment gives Airtel Africa a new valuation of $2.65 billion on a cash and debt-free basis.
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East, Central, and West Africa. The company had reported its results for the quarter ended 30 June 2021, with constant currency revenue growth of 33.1%. The mobile money customer base reached 23.1 million on 30 June 2021, up 24.6% from the prior period, with 19.1% of its total customer base now Airtel Money customers.
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