Airtel Africa Plans $4B Airtel Money IPO with Citigroup in 2026

Airtel Africa, led by billionaire Sunil Mittal, has chosen Citigroup as the lead adviser for its planned $4 billion IPO of Airtel Money in 2026. The move aims to unlock the value of Airtel Money, the mobile money arm of Airtel Africa, as part of the company's strategy to expand into financial technology.

With millions of active customers and significant transaction value, the IPO signals Airtel Africa's commitment to listing Airtel Money in the first half of 2026, though exact details are yet to be confirmed. Potential listing venues include the United Arab Emirates, London, or other European markets, building on Airtel Africa's existing trading presence in London and Lagos.