Airtel Africa Plc has kicked off the process of selecting a new external auditor, beginning a competitive tender that will determine the firm responsible for auditing its financials from the 2027/2028 fiscal year. The announcement was made in a regulatory filing with the Nigerian Exchange Group (NGX) on Wednesday, December 3, 2025.
The exercise is being supervised by the company’s Audit and Risk Committee and is driven by mandatory audit rotation rules affecting its majority shareholder, Bharti Airtel Limited, under Indian law. Airtel Africa noted that the move is also consistent with global best practices in corporate governance.
According to the company, the winning audit firm will be recommended to shareholders for approval at the 2027 Annual General Meeting. The appointed auditor will then assume responsibilities for the financial year ending March 31, 2028. Airtel Africa added that it will issue further updates once the tender process is completed.
On the market front, the telecom operator’s share price closed unchanged at N2,270, maintaining its position as one of the most valuable companies on the NGX with a market capitalisation of approximately N8.53 trillion and 3.76 billion outstanding shares.
Airtel Africa, which provides telecoms and mobile money services across Nigeria, Kenya, Tanzania, Uganda, Rwanda, Zambia and other African markets, says the transition is part of its commitment to transparency and strong governance across its operations.
