Airtel Africa, a provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announced a second closing relating to the Airtel Money minority investment transactions with TPG’s The Rise Fund, Mastercard and Qatar Investment Authority (QIA) previously announced by the group.

With the conditions for second closing having now been met, TPG and QIA have each invested a further $50 million, and Mastercard a further $25 million, in the secondary...