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Airtel Africa Buys Back 300,000 Shares as $100m Programme Progresses

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Airtel Africa Buys Back 300,000 Shares as $100m Programme Progresses

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Airtel Africa Plc ( (GB:AAF) ) just unveiled an update.

Airtel Africa has continued to execute its share buy-back programme, repurchasing 300,000 ordinary shares on 2 February 2026 at prices between 317.60p and 326.40p, at a volume-weighted average price of 322.38p, with the shares to be held in treasury. Following this transaction, the group has 3,654,881,028 ordinary shares in issue, including 7,789,044 held in treasury and 3,647,091,984 voting rights outstanding, and since the first tranche of its $100m buy-back began in December 2024 it has bought a total of 42,224,720 shares, a capital management move that reduces free float and can enhance earnings per share while requiring investors to update their holdings disclosures under UK transparency rules.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £338.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Spark’s Take on GB:AAF Stock

According to Spark, TipRanks’ AI Analyst, GB:AAF is a Neutral.

The score is driven mainly by strong operating profitability and cash generation, supported by a constructive earnings call highlighting continued growth and improving finance metrics. Offsetting factors are balance-sheet leverage and historical earnings volatility, plus weak technical positioning (below key moving averages) and a relatively high P/E with only a modest dividend yield.

To see Spark’s full report on GB:AAF stock, click here.

More about Airtel Africa Plc

Airtel Africa Plc is a telecommunications and mobile money services provider operating across multiple African markets, offering voice, data and digital financial services to retail and business customers. The company is listed in London and Lagos and targets high-growth telecom and fintech demand across the continent.

Average Trading Volume: 5,922,945

Technical Sentiment Signal: Buy

Current Market Cap: £11.64B

For detailed information about AAF stock, go to TipRanks’ Stock Analysis page.

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