Thursday, July 3, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

Airtel Africa Confirms Listing on the London Stock Exchange

Tech Gist Africa by Tech Gist Africa
05/31/2019
in Africa, Africa News, Made In Africa, News, World News
0 0
1
Airtel Nigeria

Photo Credit - guardian.ng

0
SHARES
Share on FacebookShare on Twitter

Last week, we reported Airtel Africa’s plan to list shares on the London Stock Exchange. As at the time of reporting, our sources were unconfirmed. Airtel has confirmed the approval for the registration documents from the UK Financial Conduct Authority. The company plans to raise about $1 billion from the sale of at least 25% stakes in the process.

They intend to use proceeds from this IPO to reduce net debt. Airtel also revealed plans to list on the Nigerian Stock Exchange. If plans fall through, Airtel will be the second Telco to list on the Nigerian Stock Exchange after MTN Nigeria Limited.

As at March 2018, they recorded a net debt of $7.7 billion. The debt reduced to $4 billion with the help of existing investors like SoftBank Group, Warburg Pincus LLC and Temasek Holdings Ltd. Airtel also raised $1.25 billion from global investors through a primary equity issuance last year. An additional $200 million was raised in January 2019 from the Qatar Investment Authority.


See also: Updates following MTN’s Listing on the Nigerian Stock Exchange


They have appointed JP Morgan Securities Plc, BofA Merrill Lynch, Citigroup Inc, Absa Group Limited, Barclays Bank Plc, HSBC, BNP Paribas, Goldman Sachs International, and Standard Group Limited as advisors on the stock market entry.

Airtel Africa is a subsidiary of Bharti Airtel Ltd. It a leading provider of telecommunications and mobile money services, present in 14 countries across Africa. The company offers mobile voice, mobile data, and Airtel money services.

Airtel recorded a total number of 98.9 million subscribers and 14.2 million mobile money customers at the end of Q1 2019. Nigeria represented the largest single country subscriber base with 37.6% of the total subscribers. East Africa accounted for 43.4% and the rest of Africa contributed 19.1% at the end of the first quarter.

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple WWDC 2025
Events

Apple Unveils iOS 26, macOS Tahoe, and AI Innovations at WWDC 2025

by Tech Gist Africa
06/15/2025
0

Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design...

Read more
Zero Carbon Charge South Africa

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

06/15/2025
Kera Senegal

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

06/15/2025
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Next Post
Kenya’s First Electric Car ‘Nopia Ride’ Ready for Takeoff

Kenya’s First Electric Car ‘Nopia Ride’ Ready for Takeoff

SA national Blood service

South African National Blood Services Unveils Blood Delivery Drone

MEA Investments in Artificial Intelligence to Skyrocket to $530 million by 2022 – IDC

MEA Investments in Artificial Intelligence to Skyrocket to $530 million by 2022 – IDC

Comments 1

  1. Pingback: MTN Group Launches AI-enabled Mobile Money Chatbot | NAIJA NEWS AGENCY
No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.