Airtel Africa is set to join the FTSE 100 index on Monday, 31st January 2022.
The Financial Times Stock Exchange 100 Index, is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market capitalisation. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group.
To be included in the index, a company must meet a number of requirements set out by the FTSE Group, including having a full listing on the London Stock Exchange with a sterling or Euro denominated price on the Stock Exchange Electronic Trading Service, and meeting certain tests on nationality, free float, and liquidity.
Airtel Africa floated on the London Stock Exchange in June 2019, and has since demonstrated significant growth in its customer base, revenues, profits, margins, and cash generation, as well as strengthening its balance sheet through reduced leverage. The Group has a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
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