Saturday, September 27, 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

Bharti Airtel to Surprise us with $5 billion worth IPO

Tech Gist Africa by Tech Gist Africa
05/23/2019
in Africa, Africa News, News, World News
0 0
1
Airtel Nigeria

Photo Credit - guardian.ng

0
SHARES
Share on FacebookShare on Twitter

In recent times, we have seen companies doing business in Africa list on international Stock Exchange commissions. The question that comes to mind is why? Why did Jumia, Zenith Bank, or SABMiller list on foreign Stock Exchange Commission, instead of considering the African stock markets?

This question has led to a different school of thoughts either supporting or debunking the reason behind their decisions. Some believe that the list on foreign markets can be attributed to the volatility that often exists on the trading platforms in Africa, while others believe they do it to raise business capital as it will be easier to do so on these foreign markets.


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


These companies are not limited to financial institutions, commerce or FMCG (Fast Moving Consumer Goods); the telecommunication sector is not left out. Unconfirmed sources state that Bharti Airtel, India’s second-biggest wireless carrier, plans to offer the shares of their African subsidiary (Airtel Africa) on the London Stock Exchange through an IPO. The deal is yet to be announced by the company but is said to be able to raise about $1 billion and trade next month if successful.

Well, the listing might be good for the company because of the market stability of the London Stock Exchange, when compared with different stock exchanges in Africa.  Final details of the listing could change depending on investor and market demand. Airtel Africa has operations in 14 countries including Kenya, Tanzania, Nigeria, and Ghana. They raised $1.25 billion last year from investors, giving an equity value of about $4.4 billion. The IPO could be the biggest in London this year, with Airtel Africa considering an equity valuation of about $5 billion.

 

More on TechGist Africa:

  • Telecoming expands to African Mobile Market, Partners with Maliyo
  • Uber to Ease Traffic in Nairobi with New ‘Speeds’ Feature
  • Digital Goldrush: Building a Sustainable Tech Economy (African Fintech Foundry)
  • Telecoming expands to African Mobile Market, Partners with Maliyo
  • Engie to Lead Operation and Maintenance of Orange’s Data Centre in Côte d’Ivoire
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

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
MainOne center

MainOne to invest N25 billion in ‘Digital Lagos: Broadband for All’ Project

Facebook Ng Hub

Facebook’s NG_Hub celebrates First Anniversary

Nigerian Drone Startup drone

Nigerian Drone Startup to compete with US Zipline

Comments 1

  1. Pingback: Vodacom empowers 1.4 million Mothers via Mum & Baby service | NAIJA NEWS AGENCY
No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
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.