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AAF

Airtel Africa

Telecommunications

Index
FTSE 100
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

Airtel Africa provides mobile telecommunications and mobile-money services across 14 African countries. It combines voice and data networks with Airtel Money, giving it exposure to rising smartphone use, digital payments and financial inclusion across fast-growing markets.

02

Key activities

Mobile voice and data services, broadband connectivity, enterprise telecoms and Airtel Money services including payments, transfers, merchant services, savings-related products and other digital financial services.

03

Key markets

Sub-Saharan Africa, including major operations in Nigeria, East Africa and Francophone Africa. Customers range from individual mobile users to merchants and businesses using communications and mobile-money services.

04

Key drivers

Subscriber growth, smartphone and data adoption, Airtel Money transaction volumes, average revenue per user, network investment, pricing, local currency movements and progress in expanding or separately listing the mobile-money business.

05

Key risks

Currency devaluation and convertibility, regulation and licence conditions, political and economic instability, network and energy costs, competition, mobile-money regulation and the need for continual investment in coverage and capacity.

06

Recent Developments

23 July 2026: Q1 FY2027 results showed the customer base up 11.6% to 189m and data customers up 15.5% to 87.3m. Airtel Money annualised transaction value rose 51.5% to more than $245bn.

07

Dividend notes

Follows a progressive policy targeting mid- to high-single-digit annual growth. FY2026 total dividend was 7.10 US cents per share: 2.84 cents interim and 4.26 cents final. The final dividend went ex-dividend on 18 June 2026 and was paid on 24 July.

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