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Airtel Africa Cancels New Batch of Shares Under $100m Buy-Back Programme

Story Highlights
  • Airtel Africa bought 40,000 shares on 29 January 2026 for cancellation under its ongoing buy-back programme.
  • Total voting rights now stand at about 3.65 billion shares, as cumulative buy-backs reach over 41.7 million shares, tightening the equity base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Airtel Africa Cancels New Batch of Shares Under $100m Buy-Back Programme

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The latest announcement is out from Airtel Africa Plc ( (GB:AAF) ).

Airtel Africa has continued execution of its share buy-back programme, repurchasing 40,000 ordinary shares on 29 January 2026 at prices between 340.60p and 349.20p per share, with a volume-weighted average price of 344.73p. The shares acquired will be cancelled, reducing the number of ordinary shares in issue to 3,655,081,028 (of which 7,489,044 are held in treasury) and setting total voting rights at 3,647,591,984, a figure shareholders can use to assess disclosure thresholds. The buy-back, carried out under revised arrangements with Barclays Capital Securities and forming part of a $100m programme launched in December 2024, has so far seen the company retire 41,724,720 shares, signalling ongoing capital management efforts that may enhance earnings per share and support shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £395.00 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 is a leading telecommunications and mobile money services provider operating in 14 countries across sub-Saharan Africa, offering an integrated suite of mobile voice, data and domestic and cross-border mobile money services. The company’s strategy centers on enhancing customer experience across its footprint in support of its broader goal of transforming lives across the continent.

Average Trading Volume: 6,371,227

Technical Sentiment Signal: Buy

Current Market Cap: £12.82B

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

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