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April 5, 2021

Airtel Africa’s mobile money business to secure $100m investment

Airtel Africa’s wholly-owned subsidiary Airtel Mobile Commerce (AMC BV) is set to secure $100m investment from Mastercard.

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AMC BV is the holding company of Airtel Africa’s several mobile money operations.

Once the deal completes, Mastercard will acquire a minority stake in AMC BV. The majority stake will continue to be owned by Airtel Africa.

The transaction is subject to regulatory approvals and other conditions.

The deal values the Airtel Africa’s mobile money business at $2.65bn on a cash and debt free basis.

The new proceeds will be utilised to reduce debt as well as improve network and sales infrastructure in operating countries.

Concurrently, Airtel Africa and Mastercard have extended commercial agreements and entered into a new commercial framework.

The new agreement seeks to bolster their collaboration across several geographies and areas such as card issuance and payment processing among others.

Notably, AMC BV secured a $200m investment from TPG’s The Rise Fund last month.

Airtel Africa CEO Raghunath Mandava said: “We are significantly strengthening our existing strategic relationship with Mastercard to help us both realise the full potential from the substantial opportunity to improve financial inclusion across our countries of operation.

“The combination of our extensive customer base and distribution platforms and Mastercard’s products and services, innovation and know how, mean we can together accelerate demand and drive growth in financial services for the benefit of all our customers and markets.”

Airtel Africa’s mobile money services encompass mobile wallet deposit and withdrawals, merchant and commercial payments services. The offerings also include virtual credit card, international money transfers as well as loans and savings.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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