Airtel Africa’s decision to list its mobile money business in London is raising pressure on rivals MTN and Safaricom to unlock the value of their own fast-growing fintech businesses, as investors prepare to get the first standalone public valuation of one of Africa’s largest digital payments platforms.

The announcement confirms an earlier BusinessDay report that Airtel Africa had revived plans for a roughly $10 billion initial public offering (IPO) of Airtel Money and was leaning toward London after weighing a listing in the Middle East.

Read also: Airtel Africa revives $10bn mobile money IPO plans, picks London over Middle East

The telecommunications group said on Thursday it had chosen the London Stock Exchange for the initial public offering (IPO) of Airtel Money in the second half of 2026, ending months of speculation over where the business would list.

Sunil Taldar, the chief executive officer of Airtel Africa, said a London listing

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