Airtel Africa has launched a share buyback programme running from May 22 to November 27, 2026, in partnership with Barclays Capital Securities Limited. The programme allows the company to repurchase up to 1% of its issued share capital from the open market for cancellation.
The buyback includes an initial tranche of $50 million to $60 million, with an optional additional $50 million subject to regulatory approval. All repurchased shares will be cancelled to improve earnings per share (EPS) and enhance capital efficiency.
The move supports Airtel Africa’s broader strategy ahead of a potential listing of Airtel Money, its fast-growing mobile financial services arm. The fintech business is estimated to be worth up to $10 billion, with a possible IPO range of $1.5 billion to $2 billion across London, UAE, or European markets.
Airtel Money continues to drive growth across Africa as demand for digital payments and mobile banking expands.
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For the financial year ending March 31, 2026, Airtel Africa reported strong performance:
- Revenue: $6.4 billion
- Pretax profit: $1.41 billion (+114.67%)
- Mobile money revenue: $1.08 billion
- Data revenue: $2.5 billion
- Voice revenue: $2.3 billion
The results highlight the company’s shift toward data and fintech-led earnings across its African operations.
Information provided by Edfrica is for awareness purposes only and does not constitute a guarantee or endorsement.
