June 22, 2024

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Airtel Africa Gets $50 Mln Investment in Mobile Money Business From Chimera Investment

Airtel Africa Gets  Mln Investment in Mobile Money Business From Chimera Investment

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By Kyle Morris

Airtel Africa PLC reported Thursday that Chimera Investment decision LLC has invested $50 million in its mobile funds small business Airtel Cell Commerce BV.

The telecommunications and mobile revenue services supplier stated the proceeds from the deal will be employed to cut down personal debt and spend in network and gross sales infrastructure.

Shares in Airtel Africa at 0920 GMT had been up 2.5 pence, or 2{067fe502a31e650c5185733df64156900ec267ebfd90cbebf0b3fe89b5b413d8}, at 129.5 pence.

Compose to Kyle Morris at [email protected]

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