Airtel Africa Repurchases 12.8 Million Shares in Buyback

Airtel Africa Plc has successfully repurchased a total of 12,864,569 ordinary shares as part of its capital restructuring strategy. The share buyback program was launched on May 22, 2026, and a corporate disclosure was sent to the Nigerian Exchange on Tuesday.

The telecommunications firm confirmed the execution of the buyback at a volume-weighted average price of 339.40 pence per ordinary share. This initiative is part of an aggressive capital reduction strategy aimed at enhancing shareholder value through the purchase and subsequent cancellation of its own shares in the open market.

The buyback process is expected to boost key financial metrics, including earnings per share, making the stock more attractive to local and international investors. During the week of July 6 to July 10, 2026, Airtel Africa acquired additional shares at varying average prices, with Barclays Capital Securities executing transactions on several prominent European trading platforms, including the London Stock Exchange.