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

By Kyle Morris

Airtel Africa PLC said Thursday that Chimera Investment LLC has invested $50 million in its mobile money business Airtel Mobile Commerce BV.

The telecommunications and mobile money services provider said the proceeds from the deal will be used to reduce debt and invest in network and sales infrastructure.

Shares in Airtel Africa at 0920 GMT were up 2.5 pence, or 2%, at 129.5 pence.

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