Airtel Africa eyes listing on Nairobi bourse by next year

 

Airtel Kenya CEO Ashish Malhotra and Airtel Africa CEO Segun Ogunsanya pose for a photo during the Airtel Kenya eSIM launch at EKA Hotel in Nairobi on February 23, 2023. [Kelly Ayodi, Standard]

By Frankline Sunday 

Kenyans could soon buy shares in Airtel as the country's second-largest telco eyes listing on the Nairobi Securities Exchange (NSE) in the next year.

Airtel Africa Group Chief Executive Segun Ogunsanya yesterday said the telco was exploring its options in meeting compliance with a government directive to

have foreign tech companies cede at least 30 per cent of shareholding to local investors by March 2024.

"There are a number of options; we can identify a local shareholder we can also list at the Nairobi Securities Exchange, NSE," he said.

Ogunsanya was speaking in Nairobi during the launch of the company's eSim in the Kenyan market as it seeks to improve its service offering and adapt to the evolving marketplace.