Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Opinions Blurb

Airtel Africa exploring IPO for Mobile Money division

Blurb Team @Nairametrics by Blurb Team @Nairametrics
November 5, 2021
in Blurb, Spotlight
airtel
Share on FacebookShare on TwitterShare on Linkedin

Mobile telecommunications giant, Airtel Africa is exploring a potential IPO for its mobile money business in less than 4 years. The information is contained in the company’s investors presentation for its half-year result ending September 2021.

Airtel received $200 million in new investments from Qatar Investment Authority (QIA) adding $300 million from an earlier minority investment agreement with TPG and MasterCard. The result is a net $375 million in cash to the company.

Airtel’s mobile money business continues to be a major growth driver, topping 23.9 million customers across Africa, up from 19% same period last year. The total transaction value has also risen by 47.4% to $30.5 billion while delivering an ARPU of $1.87, up 17.3%. These positive growth drivers helped the company achieve a revenue of $259 million in the period under review, up 42.7% year on year.

Airtel reports its mobile money customer base growth is driven by distribution expansion, which includes 15,100+ kiosks and mini-shops, taking the total to 43,500+. It also added 114,500 new agents, taking the total to 510k. The growth in ARPU is due to an increase in transaction value per customer due to higher float availability.

Airtel claims its mobile money business has helped drive higher person to person transfers as well as recharges through Airtel Money and bill/merchant payments. Most of the mobile money revenues (55.7%) come from customers who use cash in or cash out services. P2P services contribute 9.8% of mobile money revenues. Mobile money contributes 11.4% of the company’s revenue.

Airtel mobile money business has a market penetration of 29.1% and excludes Nigeria where it currently does not have a license. It operates in other African countries such as Gabon, Uganda, Zambia, Malawi, Rwanda, Tanzania etc.

Airtel Africa is currently valued at N2.9 trillion ($7.1 billion) on the Nigerian Stock Exchange and 4.1 billion pounds on the London Stock Exchange. Whilst the company did not give a definite timeline when it could IPO the business, investors who spoke to Nairametrics expect the mobile money division to command a Unicorn valuation based on its current revenues.

Related

Tags: Airtel Africa Plc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
First bank


Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Airbnb to close its domestic business in China
    • Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery
    • NNPC, Sahara Group invests USD300m in gas carriers to drive clean energy access in Africa

    Follow us on social media:

    Recent News

    Airbnb, HotelTonight, Sheraton, Hospitality business

    Airbnb to close its domestic business in China

    May 23, 2022
    Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery

    Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery

    May 23, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com