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Airtel Africa Cancels Additional Shares Under Ongoing $100m Buy-back

Story Highlights
  • Airtel Africa repurchased 40,000 shares on 21 January 2026 as part of its buy-back programme.
  • Cancellation of these shares reduces voting rights to about 3.65 billion, tightening the share base for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Airtel Africa Cancels Additional Shares Under Ongoing $100m Buy-back

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

Airtel Africa has continued executing its share buy-back programme, repurchasing 40,000 ordinary shares on 21 January 2026 at prices between 350.80p and 358.00p per share, at a volume-weighted average price of 354.66p. The shares will be cancelled, reducing the total number of voting rights to 3,647,831,984 and furthering a capital management initiative under which the company has now bought back 41,484,720 shares since the first tranche of the $100 million programme began, a move that tightens the share base and may enhance value for remaining shareholders while signalling confidence in the company’s prospects.

The most recent analyst rating on (GB:AAF) stock is a Buy with a £403.00 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.

Airtel Africa’s strong earnings call performance and positive technical indicators are offset by financial risks related to high leverage and declining revenue. The stock’s valuation appears high, limiting its attractiveness. While the company shows potential for growth, addressing leverage and revenue challenges is crucial for improving its financial health.

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

More about Airtel Africa Plc

Airtel Africa plc is a leading telecommunications and mobile money services provider operating in 14 countries across sub-Saharan Africa. The company offers an integrated suite of mobile voice, data and domestic and international mobile money services, with a strategy centred on delivering strong customer experience and supporting its broader goal of transforming lives across the continent.

Average Trading Volume: 6,942,200

Technical Sentiment Signal: Buy

Current Market Cap: £12.99B

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

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