Airtel Money Slashes IPO Target to $800M as Nigeria's Mobile Money Dream Hits a 140M-User Connectivity Wall

Airtel Africa is preparing to cut its Airtel Money IPO target by up to 60%, slashing the fundraising ambition from a $1.5–2 billion range down to at least $800 million for a London Stock Exchange listing. A filing could come as early as next week, with October trading still the target. This isn't just a numbers adjustment — it's a seismic recalibration of what global investors believe Africa's mobile money business is actually worth at this moment.

The backdrop makes the cut...