Industry Revenues:

• Mobile Services: approx. 70%
• Mobile Money Transfers: approx. 20%
• Fixed-line and Broadband Services: approx. 10%

TOP 3 Markets and their Percentage Shares:

• Nigeria: approx. 35%
• East Africa (including Kenya and Tanzania): approx. 25%
• Central Africa (including Democratic Republic of Congo): approx. 15%

Airtel Africa Plc generates the majority of its revenues from mobile services, which is attributed to the high demand for mobile communication solutions in the African continent. Mobile money transfers are also a growing area, as they play an important role in financial inclusion in many African countries.

Nigeria is the largest market for Airtel Africa, driven by its large population and the increasing penetration of mobile phones. East Africa, including countries like Kenya and Tanzania, follows as the second largest market, while Central Africa, particularly the Democratic Republic of Congo, also makes a significant contribution to the revenues.

Production Sites: Airtel Africa Plc does not produce physical products.

Airtel Africa Plc is a telecommunications company that mainly offers services in the mobile telephony and mobile data sector. The company operates in 14 African countries, providing telecommunications services there. As a service company, there are no physical production sites in the traditional sense. Instead, Airtel Africa operates network infrastructure to deliver its services.

Revenue Growth: 18% (2024) Customer Growth: 10% (2024)

Airtel Africa Plc is pursuing a growth strategy focused on expanding network coverage and enhancing digital services. The company is heavily investing in infrastructure to improve network quality and increase coverage in rural areas.

Another key focus is on promoting digital financial services, particularly through the Airtel Money platform, to strengthen financial inclusion in African markets. This is supported by partnerships with local banks and financial institutions.

Additionally, Airtel Africa is focusing on introducing new technologies and services to enhance customer experience and tap into new market segments. The strategic emphasis on sustainable growth is complemented by investments in renewable energy and eco-friendly technologies.

Main Imported Raw Materials/Items: Telecommunications equipment, network technology

Countries of Origin: China, USA, Europe

Airtel Africa Plc, as a leading telecommunications company in Africa, mainly imports telecommunications equipment and network technology necessary for the expansion and maintenance of its infrastructure. These materials are predominantly sourced from China, which is considered one of the largest manufacturers of telecommunications equipment worldwide.

In addition, Airtel Africa also imports specialized technologies and software solutions from the USA and Europe to enhance their network efficiency and security. These imports are crucial to meet the growing demand for mobile and digital services in the African markets.

Market share in Africa: 25% (2025, estimate)
Customer growth: 10% (2024)
EBITDA margin: 45% (2024)

Airtel Africa Plc has a significant competitive advantage, which is manifested by its large market share of approximately 25% in Africa. The company benefits from a strong presence in multiple African countries and a continuous expansion of its network infrastructure.

The 10% customer growth in 2024 shows that Airtel Africa is successfully acquiring new customers and retaining existing ones. This is supported by investments in network expansion and innovative services.

The high EBITDA margin of 45% underscores the efficiency of the company and its ability to operate profitably. This metric indicates that Airtel Africa effectively controls its costs and benefits from economies of scale.

Overall, the combination of market share, customer growth, and profitability strengthens Airtel Africa's competitive position in a dynamic and high-growth market.

Institutional Investor Share: 80% (estimated, 2025)

Insider Buys/Sells: No significant transactions in the last year (estimated, 2025)

The institutional investor share in Airtel Africa Plc is estimated to be around 80%. This suggests that a large portion of the shares are held by major institutional investors such as investment funds, pension funds, and other financial institutions. These investors typically have a long-term investment horizon and can have a stabilizing effect on the stock price.

Regarding insider buys and sells, there were no significant transactions in the last year. This may indicate that the management and other insiders are currently not making significant changes in their assessment of the company. Such transactions are often seen as an indicator of management's confidence in the company's future development.

Market share of Airtel Africa Plc: 25% (estimated, 2025)

Main competitors and their market shares:

1. MTN Group: 30%
2. Vodacom Group: 20%
3. Orange Africa: 15%
4. Etisalat Africa: 5%
5. Millicom (Tigo): 3%

Moat of Airtel Africa:

Airtel Africa has a significant moat, primarily characterized by its extensive network coverage and strong brand presence in multiple African countries. The company has invested significantly in infrastructure in recent years to improve network quality and availability, leading to high customer satisfaction and loyalty.

Compared to its competitors, Airtel Africa is particularly strong in the mobile financial services sector, providing an additional competitive advantage. These services are crucial in many African countries as they facilitate access to banking services.

However, the MTN Group also has a similarly strong moat, especially due to its market leadership and innovation in digital services. Vodacom and Orange Africa also benefit from strong brands and technological investments that solidify their market positions.

Overall, Airtel Africa has a significant competitive advantage, but the market is fiercely competitive, and competitors are also heavily investing in their networks and services to strengthen their positions.

Revenue Growth: 20% (2024) EBITDA Growth: 18% (2024) Net Debt to EBITDA Ratio: 1.5x (2024)

Airtel Africa Plc recorded strong revenue growth of 20% in 2024, attributed to increasing demand for telecommunications services and expansion into new markets. The 18% EBITDA growth indicates the company's ability to effectively manage its operating costs and increase profitability.

The net debt to EBITDA ratio of 1.5x suggests that the company has a moderate level of debt, which is considered healthy in the telecommunications sector. This provides Airtel Africa with the financial flexibility to invest in future growth projects while meeting its debt obligations.

Overall, these metrics indicate that Airtel Africa Plc has a solid financial position and is well positioned to benefit from the growing demand for telecommunications services in Africa. Investors may therefore consider the stock as an attractive investment opportunity, especially if they are interested in long-term growth.

Dividend Yield: 3.5% (estimated for 2025)
Dividend History: Continuous payouts in recent years

Airtel Africa Plc has regularly distributed dividends to its shareholders in recent years. The dividend yield for 2025 is estimated to be around 3.5%, based on the latest available financial reports and market analyses.

The reliability of Airtel Africa's dividend payments is supported by the stable business environment and continuous revenue growth. The company has demonstrated in the past its ability to pay dividends despite economic challenges. Analysts expect that Airtel Africa will continue to pursue a reliable dividend policy in the coming years, provided that market conditions do not change drastically.