Airtel Africa has begun its first quarter 2026 financial year on a strong footing, posting a 27 percent increase in its profit after tax while identifying London as the preferred venue for the initial public offering (IPO) of its fast-growing Airtel Money business, a move that could unlock the value of one of Africa’s largest fintech platforms.

The telecommunications giant reported profit after tax of $198 million for the quarter ended June 30, 2026, up from $156 million a year earlier, as higher revenues, improved operating margins, and stronger customer growth offset rising finance costs and a one-off commercial settlement. Revenue surged 31 percent to $1.85 billion, while operating profit rose 40.7 percent to $627 million, reflecting continued demand for data services and digital financial products across its 14 African markets.

The earnings provide further evidence that Airtel Africa is benefiting from improving macroeconomic conditions across several of its markets,

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