Qatar Investment Authority to invest $200m in Airtel Africa

Qatar Investment Authority to invest $200m in Airtel Africa

Photo: Bloomberg

Qatar Investment Authority, the sovereign wealth fund of the state of Qatar, would invest $200 million through a primary equity issuance in Bharti Airtel’s arm Airtel Africa Ltd and the proceeds would be used to reduce the subsidiary’s debt, the telecom operator said in a statement on Wednesday.

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