Agency StaffLondon — Airtel Africa, a subsidiary of Indian telecoms group Bharti Airtel, is considering a stock market flotation in London, it said on Tuesday as part of efforts to expand its data and mobile money services across Africa.
A further $200m was raised in January from the Qatar Investment Authority , valuing the company at just under $5bn. "The 14 countries where we operate offer strong GDP growth potential and have young and fast-growing populations, low customer and data penetration and inadequate banking infrastructure," chief executive Raghunath Mandava said in a statement.
A source said at the time that the expected IPO price was too low for shareholders who had been valuing the firm at as much as $2.8bn.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dale Steyn ruled out of South Africa World Cup openerDale Steyn has been ruled out of South Africa's World Cup opener against England on Thursday.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
AFRICA: OP-ED: Tanzania is anything but ‘a beacon of democracy’Contrary to the apologist views expressed by Dr Darius Mukiza, Tanzania under President John Magufuli has become a country where the brutal suppression of dissent has become routine. Freedom of speech is a distant memory and the legacy of founding president Julius Nyerere has been betrayed. State-sponsored thugs don’t hand out business cards Rubbish That's the contemporary tansaniA, full of official thuggery moves.
Source: dailymaverick - 🏆 3. / 84 Read more »
Newsdeck: Gordhan files review application, asks court to set aside Mkhwebane’s reportLawyers for Public Enterprises Minister Pravin Gordhan have filed a review application asking the North Gauteng High Court to set aside a report by Public Protector Busisiwe Mkhwebane that found he flouted the Constitution. Like That's the correct way to go and those who back him must allow the courts to do its work, in the meantime he must step aside, since he is asking the court to declare that PP acted unconstitutionally then a final declaration will be issued by ConCourt. Gordhan must go to hell...
Source: dailymaverick - 🏆 3. / 84 Read more »
Tshwane municipality 'irregularly' paid for City Manager's legal fees in GladAfrica report disputeThere is fierce disagreement over whether the Tshwane municipality should have paid for the City Manager's legal fees when he took the municipality to court. SarahPeace6 Dear youth, come together and start your own businesses, make sure they are sustainable and *proudly local* SarahPeace6 Difficult to drag those snouts away from the trough! SarahPeace6 Does he have that baby filter on his face?
Source: News24 - 🏆 4. / 80 Read more »
Tensions flare near Chad’s precarious northern border | News | Africa | M&G
Source: mailandguardian - 🏆 2. / 92 Read more »
CWC 2019 team profile: South AfricaOur next 2019 cricketworldcup team profile sees us preview SOUTH AFRICA and their latest efforts at bringing the elusive trophy home | LloydBurnard
Source: News24 - 🏆 4. / 80 Read more »
Where should you go for a safe abortion in South Africa?Where should you go for a safe abortion in South Africa? | W24_SA W24_SA Nowhere FFS W24_SA Definitely not Alabama W24_SA Why we allowed it from the first place if we still as country don't have a safe place to practice it, I think Government should consider restricted number of Kids a single women should have in her life that Killing them at the early stages.
Source: News24 - 🏆 4. / 80 Read more »
Newsdeck: New study proves penguins are key indicators of ocean healthA new study has proven that African penguins benefit when there is a greater abundance of fish available and it can be used to inform fisheries management in future.
Source: dailymaverick - 🏆 3. / 84 Read more »
Don't compare us to Bafana Bafana‚ says Netball South Africa bossNetball SA (NSA) president Cecilia Molokwana took a playful dig at Bafana Bafana on Tuesday when asked a question about comparing her Proteas team to other sides going to major competitions this year‚ like the SA soccer team. Why can't they celebrate their success without trashing other kids? This behavior is uncalled for. 72 but who is counting BafanaBafana prove them wrong .. Hulle vat jou vir n pop
Source: TimesLIVE - 🏆 28. / 59 Read more »
US 'disappointed' at South Africa extraditing former minister to MozThe US Wednesday said it was greatly disappointed that South Africa had sent home a disgraced former Mozambican finance minister who it wanted to face corruption charges in America. Our Government really likes pissing off America. Why do they always support the crooked and genocidal maniacs!! Time to grow up, we’re 25 now! Best decision ever...to face railroading and injustice in that cesspool
Source: TimesLIVE - 🏆 28. / 59 Read more »
Kenyan court due to rule on decriminalising same-sex relations | News | Africa | M&GGay rights organisations are asking Kenya’s High Court to scrap two sections of the penal code that criminalise same-sex relations. Bullshit And our government will say nothing. Cause those are not human rights they only count in SA... our brothers in the struggle can trample over them 😜
Source: mailandguardian - 🏆 2. / 92 Read more »