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Airtel Africa Cancels Further Shares Under $100m Buy-Back Programme

Story Highlights
  • Airtel Africa repurchased 40,000 shares on 16 January 2026 under its ongoing buy-back plan.
  • Cancellation of these shares reduces voting rights to 3.65 billion, tightening capital structure and potentially boosting shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Airtel Africa Cancels Further Shares Under $100m Buy-Back Programme

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An update from Airtel Africa Plc ( (GB:AAF) ) is now available.

Airtel Africa has repurchased 40,000 of its own ordinary shares on 16 January 2026, at prices between 357p and 362p per share and a volume-weighted average price of 359.13p, as part of its ongoing $100m share buy-back programme arranged with Barclays Capital Securities. The shares will be cancelled, reducing the number of ordinary shares in issue to about 3.66 billion (of which 7.49 million are treasury shares) and total voting rights to 3.65 billion, further shrinking the free float after the company has bought a total of 41.36 million shares since the programme began, a move that tightens capital structure and may support earnings per share and shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £400.00 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, offering integrated mobile voice, data and domestic and international mobile money services, with a strategic focus on enhancing customer experience and supporting digital and financial inclusion across the continent.

Average Trading Volume: 6,921,548

Technical Sentiment Signal: Buy

Current Market Cap: £13.05B

For an in-depth examination of AAF stock, go to TipRanks’ Overview page.

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