Eirtel Money aims for $9B valuation in London

Ertel Money, a subsidiary of Airtel Africa, plans to go public on the London Stock Exchange with a valuation ranging between $8 billion and $9 billion, aiming to raise approximately $800 million from investors. This move is significant for strengthening its digital financial services in African markets, as it expands in mobile payments and digital transfers amid the rapid growth of this sector across the continent. The offering will be separate from Airtel Africa, which is already listed, providing investors with the opportunity for direct investment in the group's digital financial services activities.

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