14 February 2022

Airtel Africa has been made a part of the FTSE 100 Index with effect Monday, 31 January 2022, Indian parent company Bharti Airtel said.

The operator Airtel entered Africa in 2010 and through its mobile telecoms and mobile money services, Airtel Africa offers services to over 122 million people across the 14 African markets in which it operates.

“This is a significant milestone for Airtel Africa, which becomes part of the FTSE 100 in just two and a half years of listing on the London Stock Exchange, joining the most valuable companies,” Bharti Airtel chairman Sunil Mittal said in an official statement. He added that Airtel Africa “is a strong player in the African continent, which has emerged as the next growth frontier globally”.

Airtel Africa Plc was listed on London Stock Exchange in late-June 2019.

Meanwhile, Airtel Africa, a member of the SWOOT (Stocks Worth Over One Trillion), is now the most capitalised company listed on the Nigerian stock exchange, surpassing Dangote Cement, owned by Africa’s richest man, Aliko Dangote.

It crossed the ₦5tn mark for the first on Friday as the stock gained 9.9% to close at ₦5.4tn. This is also the first time any Nigerian company has surpassed ₦5 trillion in market capitalisation.

Airtel first surpassed Dangote Cement as the most capitalised stock after it gained 10% closing at ₦1,271.