Why Airtel Money’s $7bn IPO doesn’t include its Nigerian fintech business

T2Covered by 1 source · first reported by Africa: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn at 06 Oct, 16:04 UTC

When Airtel Money lists on the London Stock Exchange later this month, it will do so without its struggling Nigerian fintech business. A Central Bank of Nigeria (CBN) directive required the mobile money business to transfer its 25% stake in SmartCash, the vehicle through which Airtel operates its…

businessfintech

Sources

• T2Why Airtel Money’s $7bn IPO doesn’t include its Nigerian fintech businessAfrica: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn06 Oct, 16:04