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Airtel Africa Cancels New Tranche of Shares Under Ongoing $100m Buy-Back

Story Highlights
  • Airtel Africa repurchased 40,000 shares on 2 January 2026, averaging 361.09p each.
  • Cancellation of these shares reduces voting rights to 3.65bn, advancing its $100m buy-back.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Airtel Africa Cancels New Tranche of 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 2 January 2026 at a volume-weighted average price of 361.09p per share through Barclays Capital Securities across multiple trading venues. The purchased shares will be cancelled, reducing the number of ordinary shares in issue to 3,655,840,539 (of which 7,489,044 are held in treasury) and setting total voting rights at 3,648,351,495, a figure shareholders can use for regulatory disclosure calculations; since the first tranche of the $100m buy-back began in December 2024, Airtel Africa has bought back 40,965,209 shares in aggregate, signalling ongoing capital management and potentially enhancing earnings per share for investors.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 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 integrated mobile voice, data and mobile money services to consumers and businesses with a strategic focus on customer experience and digital financial inclusion across its footprint.

Average Trading Volume: 6,497,140

Technical Sentiment Signal: Buy

Current Market Cap: £13.18B

Find detailed analytics on AAF stock on TipRanks’ Stock Analysis page.

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