Airtel Africa said ‌on Friday that it has delayed the planned ​initial public offering ​of its mobile money ⁠business. The deal was going to take place at the ​second half of ​2026.

The decision is citing the market uncertainties amid the ongoing Middle East ​war.

The telecoms ​group had earlier planned to list Airtel ‌Money ⁠in the first half of this year.

However, it said that rising ​energy ​costs ⁠stemming from the war would ​likely result in ​higher ⁠inflation, which would weigh on its ⁠near-term ​profit margins.

–Reuters–