Prime Highlights
- Airtel Africa advances Airtel Money’s London listing plan for second half of 2026.
- IPO could value Airtel Money at roughly $10 billion, raising about $1.5 billion.
Key Facts
- Airtel Money customer base grows 23.3% to 56.5 million in June quarter.
- Mobile money EBITDA rises 29.3% to $198 million on strong transaction growth.
Background
Airtel Africa has revived plans to list Airtel Money on the London Stock Exchange in the second half of 2026, choosing the venue to broaden investor access as the mobile money platform’s customer base reached 56.5 million.
The telecoms group confirmed London as its preferred listing venue alongside its results for the quarter ended June 2026. Airtel had initially planned to list the business in the first half of the year and adjusted its timeline to the second half, positioning the listing for stronger market conditions following geopolitical developments earlier in the year.
The listing could reportedly raise about 1.5 billion dollars and value Airtel Money at roughly 10 billion dollars, though the company has not confirmed either figure.
Airtel said a London listing would give Airtel Money access to a broad international investor base and help unlock the long-term standalone value of one of Africa’s largest mobile financial services platforms.
Airtel Money enters the process on strong footing. Its customer base grew 23.3 percent to 56.5 million in the June quarter, while revenue rose 38.9 percent to 404 million dollars.
The platform processed transactions worth 61.4 billion dollars during the quarter, pushing annualised processed value above 245 billion dollars. Monthly processed value per customer rose 13 percent to 371 dollars, a sign of deepening engagement across Airtel’s digital financial ecosystem.
The EBITDA of mobile money rose by 29.3% to 198 million dollars, reflecting that profitability of the business is still growing. East Africa is still the biggest market of Airtel Money with 41.7 million subscribers, whereas adoption keeps growing in Francophone Africa and Nigeria.
