Can you 3x an investment on the stock market in just 2 years? This incredible FTSE 100 stock did!

Airtel Africa (LSE: AAF) delivered a total return of 211% over the past two years, turning a £5,000 investment made in August 2024 into more than £15,500 today. The article attributes the surge to a mix of stronger operating growth, tariff increases and improving currencies, alongside expanding margins that strengthened the balance sheet. It also points to renewed investor attention around a planned listing of Airtel Money. In its FY26 results, the company reported momentum from more cash flow enabling network expansion, reduced debt and boosted dividends, while data became its biggest revenue stream supported by rising smartphone ownership and higher customer and data usage. The piece notes risks in Airtel’s regions, including political unrest, volatile currencies, and regulatory complexity, and says a further ~200% gain in two years would require exceptional earnings growth, margin expansion, a successful Airtel Money listing, and sustained regional stability.