…Since the commencement of the first tranche of the $100 million share buy-back programme announced on 23 December 2024, the Company has purchased 44,014,166 ordinary shares in aggregate
By theG&BJournal
THUR MAR 05 2026-theGBJournal| Airtel Africa has repurchased a portion of its ordinary shares with a nominal value of USD 0.50 each from Barclays Capital Securities Limited after securing approval from shareholders, in a move aimed at optimizing its capital structure and enhancing shareholder value.
Airtel said in a statement published on the NGX Exchange today that the purchases were made pursuant to the revised arrangements entered into with Barclays Capital Securities Limited announced on 22 September 2025.
The telecoms group disclosed that following the purchase, the remaining ordinary shares of USD 0.50 each in issue will be 3,654,881,028, including 9,578,490 treasury
shares.
Accordingly, the total number of voting rights in the Company is 3,645,302,538.
”This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules,” Airtel said.
The transaction forms part of its broader capital management strategy, allowing the company to return excess capital to investors while reinforcing confidence in its long-term growth prospects across its key African markets.
Since the commencement of the first tranche of the $100 million share buy-back programme announced on 23 December 2024, the Company has purchased 44,014,166 ordinary shares in aggregate, at a volume weighted average price of 165.5153 GBp per ordinary share.
The share buyback also reflects the company’s strong cash generation and improving financial position, driven by sustained growth in mobile services and data usage across its operating markets.
By reducing the number of shares in circulation, the buyback is expected to improve earnings per share and overall shareholder returns.
Market analysts say the move underscores Airtel Africa’s commitment to disciplined capital allocation while maintaining flexibility to fund network expansion, digital services and financial technology investments across the continent.
The development comes amid growing competition in Africa’s telecom sector and increasing demand for high-speed connectivity.
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