March 18

Rise Fund to Invest $200 Million in Airtel Africa Mobile Money Business

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest $200 million in c, a wholly owned subsidiary of Airtel Africa plc.

AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations; and is now intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries.

Photo courtesy of Fiona Graham/WorldRemit.

Source: IIFL Securities (link opens in a new window)

Finance, Investing, Telecommunications
cash transfers, financial inclusion, telecommunications