Airtel Money needs to be separated from its parent as a standalone entity before it can attain the prestige of trading on a stock exchange. That implies the valuation of Airtel Money, the group's fastest-growing subsidiary, has expanded by more than half since 2021. The development comes weeks after Airtel Africa reported a 99.6 per cent fall in net profit in the nine months to December, after a $484 million foreign exchange, driven by sharp devaluations of the Nigerian naira, nearly plunged it into loss.