Market News
Airtel Africa flies high on FTSE as mobile money listing looms - REUTERS
Summary
- Airtel Africa growth driven by stable naira, price hikes
- Airtel Money's separate listing expected in first half 2026
- Mobile money crucial for many people in Africa
- Airtel Money processed $193 billion in Q2, 2025
MILAN, Nov 19 (Reuters) - Airtel Africa's (AAF.L) stellar FTSE 100 run this year, second only to gold miner Fresnillo (FRES.L), has shone a light on African telecoms, often overlooked by global investors. A top-two player in each of the 14 African countries in which it operates, including Nigeria, Airtel has been a patient bet for emerging-market specialists.
The Nigerian naira's stabilisation has been a key driver of Airtel's 164% share price surge, allowing growth in its data and mobile money businesses to flow to its bottom line.
