Airtel Africa Could Soon Operate as a “Super Agent” in Nigeria

3 weeks ago 341
Sourced from Comms MEA

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its subsidiary Airtel Mobile Commerce Nigeria has been granted approval in principle by the Central Bank of Nigeria to operate as a super agent in Nigeria.

The super agent licence is distinct from the Payment Service Bank (‘PSB’) licence, for which the firm received approval in principle on 4 November 2021. The PSB licence is required for Airtel to be able to provide financial services in Nigeria such as accepting cash deposits and carrying out payments and remittances, issuing debit and prepaid cards, operating electronic wallets and rendering other financial services.

Under the super agent licence, Airtel Africa would be able to create an agent network that can service the customers of licensed Nigerian banks, Payment service banks and licenced mobile money operators in Nigeria. Final approval of the super agent licence is subject to the Group satisfying certain standard conditions.

Airtel Africa Appoints New Group CEO

In October, the Airtel Africa Group announced the appointment of Olusegun “Segun” Ogunsanya, as its Managing Director (MD) and CEO. Ogunsanya took the helm of the group as of 1 October 2021.

This comes as former CEO, Raghu Mandava, who led Airtel Africa since 2016, was announced to be stepping down from the company’s board of directors in October 2021.

“We are delighted to appoint Segun Ogunsanya as the Group’s next Chief Executive Officer. He has displayed significant drive and energy in turning around the Nigerian business by focusing on network modernisation, distribution, and operational efficiency,” said Airtel Chairman, Sunil Bharti Mittal, when Ogunsanya was first announced to replace Mandava.


Edited by Luis Monzon
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