Airtel Africa Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NGSE:AIRTELAFRI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
30 Oct 25	Sell₦15,820,998	Liisa Poutiainen	Individual		3,000	₦5,273.67
06 Mar 25	Buy₦54,993,646,530	Bharti Airtel Limited	Company		20,000,000	₦2,749.68

Insider Trading Volume

Insider Buying: AIRTELAFRI insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of AIRTELAFRI?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	167,972	0.0046%
Employee Share Scheme	4,113,460	0.113%
General Public	114,998,255	3.15%
Private Companies	595,204,251	16.3%
Institutions	645,336,172	17.7%
Public Companies	2,288,691,385	62.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 92.82% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
62.7%	Bharti Airtel Limited	2,288,691,385	₦13.7t	0%	31.77%
16.3%	Bharti Overseas Pvt Ltd	595,204,251	₦3.6t	0%	no data
3.69%	Qatar Holding LLC	134,726,964	₦809.1b	0%	0.69%
1.43%	BlackRock, Inc.	51,992,252	₦312.2b	5.57%	no data
0.9%	The Vanguard Group, Inc.	32,774,563	₦196.8b	18%	no data
0.76%	Vontobel Asset Management SA	27,863,100	₦167.3b	0%	1.78%
0.74%	JPMorgan Chase & Co.	27,177,597	₦163.2b	104%	0.01%
0.71%	HSBC Global Asset Management (UK) Limited	25,722,355	₦154.5b	0.15%	0.04%
0.65%	UBS Asset Management AG	23,592,727	₦141.7b	-8.31%	0.01%
0.55%	Schroder Investment Management Limited	20,182,580	₦121.2b	-9.99%	0.04%
0.51%	LSV Asset Management	18,650,048	₦112.0b	-4.13%	0.15%
0.4%	Société Générale Société anonyme	14,728,915	₦88.5b	-8.04%	0.21%
0.39%	Norges Bank Investment Management	14,094,537	₦84.6b	-3.29%	no data
0.38%	Wellington Management Group LLP	13,701,145	₦82.3b	-21.1%	0.01%
0.35%	Hargreaves Lansdown Asset Management Ltd.	12,849,727	₦77.2b	1.71%	0.1%
0.29%	Arrowstreet Capital, Limited Partnership	10,581,082	₦63.5b	0%	0.03%
0.29%	Aberdeen Group Plc	10,559,491	₦63.4b	-1.7%	0.02%
0.29%	Nordea Investment Management, AB	10,426,450	₦62.6b	-1.96%	0.02%
0.26%	Candriam, Société En Commandite Par Actions	9,340,000	₦56.1b	0%	0.1%
0.24%	Dimensional Fund Advisors LP	8,585,323	₦51.6b	0%	no data
0.21%	Goldman Sachs Asset Management, L.P.	7,667,079	₦46.0b	0%	0.01%
0.21%	Barclays Bank PLC	7,575,603	₦45.5b	47.3%	0.03%
0.2%	Invesco Ltd.	7,232,749	₦43.4b	-20%	0.01%
0.18%	Citigroup Inc.	6,698,862	₦40.2b	-17%	0.02%
0.17%	Breakout Capital Partners, L.P.	6,087,770	₦36.6b	-6.66%	14.42%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/10 22:07
End of Day Share Price	2025/12/10 00:00
Earnings	2025/09/30
Annual Earnings	2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Airtel Africa Plc is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Linet Muriungi	Absa Bank Limited
Ganesha Nagesha	Barclays
Cesar Tiron	BofA Global Research