Overview

• Airtel Africa has engaged Citigroup to advise on a potential IPO of its Airtel Money unit, according to people familiar with the matter.
• The company reiterated a goal to list the business in the first half of 2026, with timing, venue and deal size yet to be decided.
• Investor meetings are taking place in Dubai this week as part of the preparation for the prospective offering.
• Bloomberg has reported talks around a valuation of more than $4 billion and possible listing venues in the United Arab Emirates, London and other European markets.
• Airtel Money reported about 45.8 million customers in the June quarter with an annualized transaction value of $162 billion, following earlier investments from TPG, Mastercard and a Qatar sovereign wealth affiliate.