Airtel Africa announced on Tuesday that it has purchased 66,089 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share buy-back programme. The buy-back, conducted on Monday, March 10, 2025, was executed at a price of N143.70 per share, with the highest price paid being N144 per share. The volume-weighted average price for the transaction was N143.96 per share.

The telecoms firm stated that the purchase was made under the authority granted by its shareholders, as outlined in the share buy-back programme announced on December 23, 2024. Since the programme’s inception, Airtel Africa has repurchased a total of 16,750,765 ordinary shares at a volume-weighted average price of 120.8955 GBp per share.

Purpose of the Share Buy-Back Programme

Share buy-back programmes are typically initiated by companies to return value to shareholders, reduce the number of shares in circulation, and potentially boost the stock price. Airtel Africa’s move aligns with this strategy, reflecting the company’s confidence in its financial health and commitment to enhancing shareholder value.

Market Impact and Future Plans

The announcement underscores Airtel Africa’s proactive approach to capital management and its focus on delivering long-term value to investors. As the company continues to execute its buy-back programme, market participants will be closely monitoring its impact on the stock’s performance and the broader telecoms sector.

Airtel Africa’s share buy-back initiative highlights its robust financial position and strategic priorities, reinforcing its position as a leading player in the African telecommunications market.