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	Shares	Max Price
06 Mar 25	Buy₦54,993,646,530	Bharti Airtel Limited	Company	20,000,000	₦2,749.68
28 Nov 24	Buy₦3,884,981,946	Bharti Overseas Pvt Ltd	Company	1,749,432	₦2,289.39
26 Nov 24	Buy₦2,443,221,979	Bharti Overseas Pvt Ltd	Company	1,169,408	₦2,093.00
22 Nov 24	Buy₦5,120,815,207	Bharti Overseas Pvt Ltd	Company	2,482,877	₦2,074.41
20 Nov 24	Buy₦2,529,157,951	Bharti Overseas Pvt Ltd	Company	1,238,775	₦2,055.10
18 Nov 24	Buy₦1,779,177,931	Bharti Overseas Pvt Ltd	Company	886,618	₦2,013.60
14 Nov 24	Buy₦1,640,975,236	Bharti Overseas Pvt Ltd	Company	803,864	₦2,045.22
12 Nov 24	Buy₦3,419,864,762	Bharti Overseas Pvt Ltd	Company	1,668,388	₦2,092.69

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AIRTELAFRI?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,165,144	0.0591%
Employee Share Scheme	5,200,200	0.142%
General Public	81,344,774	2.22%
Private Companies	595,204,251	16.2%
Institutions	690,435,078	18.8%
Public Companies	2,288,691,385	62.5%

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

Top Shareholders

Top 25 shareholders own 93.78% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
62.5%	Bharti Airtel Limited	2,288,691,385	₦8.4t	8.72%	no data
16.3%	Bharti Overseas Pvt Ltd	595,204,251	₦2.2t	0%	no data
3.68%	Qatar Holding LLC	134,726,964	₦492.7b	0%	0.61%
1.84%	BlackRock, Inc.	67,524,879	₦247.0b	4.34%	no data
1.38%	The Vanguard Group, Inc.	50,590,391	₦185.0b	-13%	no data
1.07%	Capital Research and Management Company	39,198,281	₦143.4b	142%	no data
0.93%	Schroder Investment Management Limited	34,189,661	₦125.0b	-14.1%	0.05%
0.72%	LSV Asset Management	26,447,631	₦96.7b	16.9%	0.13%
0.69%	HSBC Global Asset Management (UK) Limited	25,115,909	₦91.9b	30.5%	0.02%
0.61%	Wellington Management Group LLP	22,449,178	₦82.1b	-2.75%	0.01%
0.59%	Norges Bank Investment Management	21,612,756	₦79.0b	-14.9%	no data
0.48%	UBS Asset Management AG	17,655,974	₦64.6b	55.3%	no data
0.36%	Candriam, Société En Commandite Par Actions	13,290,000	₦48.6b	2,110%	0.09%
0.35%	Aberdeen Group Plc	12,675,765	₦46.4b	-21.3%	0.02%
0.32%	Citigroup Inc.,Banking and Securities Investments	11,623,813	₦42.5b	-62.2%	0.02%
0.28%	Hargreaves Lansdown Asset Management Ltd.	10,285,402	₦37.6b	-24.7%	0.05%
0.28%	Dimensional Fund Advisors LP	10,171,849	₦37.2b	-7.42%	no data
0.27%	Legal & General Investment Management Limited	9,736,204	₦35.6b	-18.2%	no data
0.25%	JPMorgan Chase & Co, Brokerage and Securities Investments	9,241,700	₦33.8b	633%	0.01%
0.21%	Breakout Capital Partners, L.P.	7,520,712	₦27.5b	-7.88%	13.23%
0.19%	Goldman Sachs Asset Management, L.P.	6,841,641	₦25.0b	845%	no data
0.14%	Airtel Africa plc Employee Share Scheme	5,200,200	₦19.0b	-29%	no data
0.14%	Harding Loevner LP	5,156,873	₦18.9b	-15.1%	0.04%
0.14%	State Street Global Advisors, Inc.	5,016,283	₦18.3b	34.7%	no data
0.14%	Pictet & Cie (Europe) S.A., Asset Management Arm	5,004,850	₦18.3b	72.2%	0.18%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/30 13:35
End of Day Share Price	2025/04/30 00:00
Earnings	2024/12/31
Annual Earnings	2024/03/31

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 17 analysts. 8 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
Maurice Patrick	Barclays
Cesar Tiron	BofA Global Research