Airtel Africa plc has announced the retirement of the Chief Executive Officer, Olusegun “Segun” Ogunsanya, with effect from 1 July, 2024. Ogunsanya, who joined Airtel in 2012, ran the Nigeria Operations of the Telecommunications and mobile money company for nine years before his appointment as Chief Executive Officer of the Group in 2021. With local…
Airtel Africa, a telecommunications and mobile money services provider, with a presence in 14 countries across Africa, announced the signing of an agreement under which Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA), will invest $200 million in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa plc. AMC BV is the holding company for several of Airtel Africa’s mobile money…
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa, announced it has named Olusegun (Segun) Ogunsanya, MD and CEO of Nigeria as the successor of Raghunath Mandava, as the new Managing Director and Chief Executive Officer…
Western Union, a cross-border cross-currency money movement and payments company, and Bharti Airtel Limited, a global telecommunications company with operations in 18 countries across Asia and Africa, announced an unprecedented milestone in global money movement across the world’s significant emerging markets. The two industry leaders have come together to launch real-time payments soon into millions…
Airtel Africa, Bharti Airtel’s African business unit has appointed eight global banks to work on an intended initial public offering (IPO). The banks appointed are J.P. Morgan, Citigroup, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International, and Standard Bank Group, it said in an exchange filing. Earlier this month, Airtel…
Bharti Airtel International B.V., doing business in Africa as Airtel Africa has raised $1.25 billion (over Rs 9,200 crore) by issuing fresh shares to six global investors including Warburg Pincus, Temasek, Singtel, and SoftBank Group International. The company organized a two-stage fundraise to manage its debts. The transaction will not be involving any sale of shares…