Airtel Africa has announced the commencement of a share buyback programme aimed at repurchasing up to 1% of its issued share capital.
The development was disclosed in a statement dated May 22, 2026, and signed by the company’s Group Company Secretary, Simon O’Hara.
According to the company, the initiative reflects its commitment to returning value to shareholders while preserving financial flexibility to support ongoing investments across its markets.
Airtel Africa stated that it has entered into an agreement with Barclays Capital Securities Limited to execute the initial tranche of the buyback programme.
Under the arrangement, Barclays will act as a riskless principal by conducting on-market purchases of Airtel Africa’s ordinary shares before transferring them to the company for cancellation.
The programme includes a non-discretionary element under which Barclays will independently purchase between $50 million and $60 million worth of shares.
Airtel Africa also retains the option to instruct Barclays to acquire up to an additional $50 million worth of shares under a discretionary element, subject to regulatory approvals.
“The programme begins today and is scheduled to run until no later than November 27, 2026, unless terminated earlier. Airtel Africa may announce further tranches to meet its target of repurchasing 1% of its issued share capital,” the statement said.
The company added that all repurchased shares will be cancelled, reducing its overall capital base and complying with shareholder-approved limits, UK Listing Rules, and Market Abuse Regulations.
The programme is expected to strengthen shareholder value through improved earnings per share and capital efficiency.
