Airtel Plans Mobile Money IPO

Happy new week from The Kenyan Wall Street.

Airtel Africa Plots Mobile Money IPO, Starlink Boost, and Crypto Future

By Fred Obura

Airtel Africa has outlined its strategy across its 14 markets, which will include listing its mobile money unit, leveraging capacity from Starlink, and exploring intergrating crypto and other virtual assets.

• •The telco is in advanced discussions with regulators across its markets to leverage satellite capacity from Starlink, as the telco accelerates a strategy to close rural coverage gaps, defend market share and position its fintech arm for a public listing.

• •Airtel has also confirmed that plans to list its mobile money business remain on course, with management currently evaluating potential listing locations.

• •The telco also says open to integrating virtual asset services, including stablecoins and cryptocurrency transactions, on a demand-driven basis.

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Kenya’s Formal Milk Intake Tops One Billion Litres in 2025

By Harry Njuguna  

Kenya’s formal milk intake crossed 1 billion litres in 2025 for the first time, rising 11.5% to 1.014 billion litres from 909.0 million litres in 2024, according to industry data by the Kenya National Bureau of Statistics.

• The record year extends a rebound that began after a 6.6% drop in 2022, when dry conditions and rising costs squeezed production.

• Volumes recovered in 2023 with 7.5% growth to 810.76 million litres, accelerated to 12.1% in 2024, then strengthened further in 2025.

• Formal intake has expanded almost sevenfold since 2001 from just 145.63 million litres.

Read the story here >>>>>

INSIGHT : Is Kenya Pipeline IPO Overpriced?

By Harry Njuguna 

Uganda’s Old Mutual has added fuel to the fire over Kenya Pipeline Company’s KSh 9.00 IPO, valuing the shares at KSh 4.61 and implying a near 50 percent downside. The divergence between independent analysts and deal sponsors underscores a debate over whether KPC’s regulated monopoly and stable dividends justify a premium price. With Uganda accounting for a third of throughput and East African governments set to get a stake, the IPO carries both financial and political weight. Investors are now left weighing a high-profile infrastructure play against what some see as an overpriced entry, leaving post-listing price discovery as the ultimate arbiter.

Read the analysis here »»»»»

On Your Watchlist 

Is it better to talk about money before or after you say "I do"? In this episode of the ‘Just Money Podcast’ , we dive deep into the uncomfortable but essential conversations every couple needs to have before getting serious.

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Upcoming Events : InvestKenya Announces the Upcoming Kenya International Investment Conference (KIICO) 2026

Taking place at the Radisson Blu Upper Hill on March 25, 2026, the 4th Kenya International Investment Conference (KIICO) 2026 is set to be the largest and most impactful investment promotion conference in Kenya’s history. Register here »»»»»

During KIICO 2026, Kenya will also host the 2nd COMESA Investment Forum on March 26 and the Africa Green Industrialization Initiative (AGII) on March 27th.

Read more about it here »»»»»

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