Airtel set to sell stake in mobile money service

Mr Prasanta Das Sarma, Airtel Kenya chief executive officer, during a past product promotion. FILE PHOTO | NMG

London-listed Airtel Africa Plc is seeking to sell a minority stake in its mobile financial services platform Airtel Money in a bid to raise cash.

The multinational, which operates in 14 countries in Africa including Kenya, Uganda and Nigeria, says the move is part of a strategy of selling some assets.

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