Airtel Africa has repurchased a total of 40.93 million shares at a cumulative average price of 152.24 pence per share since launching the first tranche of its $100 million share buyback programme in December 2024.
The telecoms group disclosed in a filing with the Nigerian Exchange (NGX) on Friday, January 2, 2026, that it bought back 40,000 ordinary shares on December 31 as part of the ongoing programme.
According to the filing, the shares were acquired at prices ranging between 354.00 pence and 357.00 pence, with a volume-weighted average price of 355.95 pence. The transaction was executed by Barclays Capital Securities Limited under shareholder approval and in line with the revised buyback framework announced in September 2025.
Using an exchange rate of about ₦1,970 to the pound, the total value of the repurchased shares is estimated at approximately ₦122.7 billion.
The company said all repurchased shares will be cancelled, reducing its issued share capital. Following the latest cancellation, Airtel Africa now has about 3.66 billion issued ordinary shares, with 7.49 million shares held in treasury, bringing total voting rights to approximately 3.65 billion.
The buyback is expected to support per-share metrics such as earnings per share, while signalling management’s confidence in the group’s cash-generation capacity as it continues to invest in network expansion and mobile money services across Africa.
