The Rise Fund to invest $200mn in Airtel Africa’s mobile money business

Airtel Africa says that the Rise Fund, a global impact investing platform of TPG, will invest $200 million in Airtel Mobile Commerce BV, which is a wholly owned subsidiary of Airtel Africa. The telecoms service provider says it is looking to explore the potential listing of its mobile money business within 4 years. Raghunath Mandava, CEO of Airtel Africa joins CNBC Africa for more.

Fri, 19 Mar 2021 11:55:22 GMT
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