Business
Airtel Africa Repurchases Over 7.7 Million Shares in Ongoing Buyback Programme
Airtel Africa has repurchased over 7.7 million shares since May as part of its ongoing buyback programme aimed at reducing outstanding share capital
Airtel Africa Plc has expanded its share repurchase programme, buying back more than 7.7 million ordinary shares since the initiative began in May 2026.
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The telecommunications group disclosed the latest update in a regulatory filing submitted to the Nigerian Exchange Limited, outlining transactions executed through Barclays Capital Securities Limited across multiple international trading platforms.
According to the filing, the company carried out several purchase rounds between June 15 and June 19, 2026, acquiring shares in incremental batches across different trading days.
Records show that Airtel Africa bought 69,556 shares on June 15, 118,613 shares on June 16, and 145,391 shares on June 17, with varying weighted average prices recorded during the period.
Since the launch of the programme on May 22, 2026, the company has accumulated a total of 7,731,552 ordinary shares from the open market.
The repurchase operations were carried out across exchanges including the London Stock Exchange, BATS Europe, CHI-X Europe, Aquis Exchange and Turquoise.
Airtel Africa confirmed that the repurchased shares will be cancelled upon completion of the buyback process, effectively reducing its total outstanding share capital.
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Market observers say the move could improve the company’s earnings per share and strengthen returns on equity by lowering the number of shares in circulation.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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