Airtel Africa, a provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announced the signing of an agreement under which The Rise Fund, the global impact investing platform of alternative investment firm TPG, will invest $200 million in Airtel Mobile Commerce BV (AMC BV), a wholly-owned subsidiary of Airtel Africa plc.
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TPG fund to invest $200m in Airtel Africa's…
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Airtel Africa, a provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announced the signing of an agreement under which The Rise Fund, the global impact investing platform of alternative investment firm TPG, will invest $200 million in Airtel Mobile Commerce BV (AMC BV), a wholly-owned subsidiary of Airtel Africa plc.