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Airtel Africa Places Shares on the Nigerian Stock Exchange

Airtel Africa, a leading provider of telecommunications and mobile cash services, is the holding company of Airtel Networks Limited (Airtel Nigeria) and thirteen (13) other subsidiaries in Africa – Airtel Congo SA, Airtel Gabon SA, Celtel Niger SA, Airtel Congo RDC SA (DRC ). Airtel Tanzania Plc, Airtel Networks Zambia Plc, Airtel Networks Kenya Limited, Airtel Tchad S.A., Airtel Madagascar S.A., Airtel Malawi Limited, Airtel Rwanda Limited, Airtel Uganda Limited and Airtel (Seychelles) Limited.

Commenting on the listing, Mr. Oscar N. Oniema, OON, CEO of NSE, thanked Airtel Africa Plc for making a bold move to listing on the stock exchange. “The listing on the stock exchange confirms Airtel Africa’s long-term commitment to empowering and providing day-to-day services to Africans and, in particular, to Nigerians. It also indicates the firm’s conviction that our platform with a total market capitalization of 25.20 Nn for various asset classes remains a real means of raising capital and ensuring sustainable national growth. This list is intended to deepen the telecommunications and technology sector for investors and provides an opportunity for a wider group of Nigerians to become part of the history of African telecommunications. ”

“Today's listing is a promising event in Africa, and Airtel Africa is the second company whose ordinary shares are listed on the London Stock Exchange and on the Nigerian Stock Exchange. This gives grounds for a successful partnership between the two exchanges. I urge similar companies to explore various opportunities for raising capital on the exchange platform, ”Onema added.

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