Airtel Africa (AAF) AGM 2025 summary

Opening remarks and agenda

• The Chair welcomed shareholders both online and in person, confirmed a quorum, and introduced the board, executive team, and auditor.

• The agenda and resolutions were made available in advance, and the notice of meeting was taken as read.

Financial performance review

• Customer base grew by 9% for the year ended 31 March 2024, with strong increases in voice, data, and Airtel Money usage.

• Airtel Money saw a 20.7% increase in customers and over 38% growth in transaction values.

• Despite macroeconomic volatility, the company maintained a leverage ratio of 1.4x and continued infrastructure and spectrum investments.

Board and executive committee updates

• Sunil Taldar succeeded Segun Ogunsanya as CEO on 1 July 2024, joining the board as Executive Director.

• Paul Arkwright joined the board in May; Doug Baillie and Kelly Rosmarin stepped down; John Danilovich announced retirement at the meeting's end.

• The outgoing CEO was credited with double-digit growth and launching the sustainability strategy.