(Reuters) – Mastercard Inc will invest $100 million in Airtel Africa’s mobile money operations valuing the business at $2.65 billion, the London-listed company said on Thursday.
Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the company said.
(Reporting by Yadarisa Shabong in Bengaluru, Editing by Sherry Jacob-Phillips)
Defending champ Golden Knights to face top-seeded Stars in playoffs after 4-1 loss to Ducks
LA Kings rally late, finish 3rd in the Pacific Division with a 5-4 overtime victory over Chicago
Utah and Florida clinch final two spots at NCAA championship, denying Oklahoma’s bid for three-peat
Chasing 5th straight win, Nelly Korda is 2 shots back at Chevron Championship after a first-round 68
Kawhi Leonard fighting ‘stubborn inflammation’ and is questionable for Game 1 of playoffs
Laborers and street vendors in Mali find no respite as deadly heat wave surges through West Africa
Iran fires air defense batteries at Isfahan air base and nuclear site after drones spotted
Indians vote in the first phase of the world’s largest election as Modi seeks a third term
Russia pummels exhausted Ukrainian forces with smaller attacks ahead of a springtime advance
The Latest | Iran fires air defense batteries and diverts flights after explosions
Laborers and street vendors in Mali find no respite as deadly heat wave surges through West Africa
Defending champ Golden Knights to face top-seeded Stars in playoffs after 4-1 loss to Ducks
Iran fires air defense batteries at Isfahan air base and nuclear site after drones spotted
LA Kings rally late, finish 3rd in the Pacific Division with a 5-4 overtime victory over Chicago
