IHS Holding Limited (IHS) 6-K14 Nov 23Current report (foreign)Financial data

Company Profile

Document and Entity Information

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2023
Document and Entity Information [Abstract]
Document Type	6-K
Document Period End Date	Sep. 30, 2023
Entity Registrant Name	IHS Holding Ltd
Entity Central Index Key	0001876183
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF LOSS AND OTHER COMPREHENSIVE INCOME/(LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	[1]	Sep. 30, 2023	Sep. 30, 2022	[1]
CONSOLIDATED STATEMENT OF LOSS AND OTHER COMPREHENSIVE INCOME
Revenue	$ 467,023	$ 521,317		$ 1,615,755	$ 1,435,132
Cost of sales	(365,032)	(297,598)		(949,774)	(818,797)
Administrative expenses	(93,835)	(91,527)		(291,877)	(284,941)
(Net loss allowance)/net reversal of loss allowance on trade receivables	(711)	1,597		(5,225)	3,397
Other income	33	70		369	4,207
Operating profit	7,478	133,859		369,248	338,998
Finance income	5,823	6,412		18,233	11,035
Finance costs	(261,993)	(234,223)		(1,804,222)	(574,081)
Loss before income tax	(248,692)	(93,952)		(1,416,741)	(224,048)
Income tax (expense)/benefit	(16,659)	57,304		(89,118)	23,945
Loss for the period	(265,351)	(36,648)		(1,505,859)	(200,103)
Loss attributable to:
Owners of the Company	(263,377)	(30,702)		(1,497,525)	(190,941)
Non-controlling interests	(1,974)	(5,946)		(8,334)	(9,162)
Loss for the period	$ (265,351)	$ (36,648)		$ (1,505,859)	$ (200,103)
Loss per share-basic	$ (0.79)	$ (0.09)		$ (4.49)	$ (0.58)
Loss per share-diluted	$ (0.79)	$ (0.09)		$ (4.49)	$ (0.58)
Items that may be reclassified to profit or loss
Fair value loss through other comprehensive income				$ 7
Exchange differences on translation of foreign operations	$ 4,789	$ (52,962)		629,748	$ (43,309)
Other comprehensive income/(loss) for the period, net of taxes	4,789	(52,962)		629,755	(43,309)
Total comprehensive loss for the period	(260,562)	(89,610)		(876,104)	(243,412)
Total comprehensive (loss)/gain attributable to:
Owners of the Company	(251,373)	(79,165)		(876,163)	(240,219)
Non-controlling interests	(9,189)	(10,445)		59	(3,193)
Total comprehensive loss for the period	$ (260,562)	$ (89,610)		$ (876,104)	$ (243,412)

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	[1]
Non-current assets
Property, plant and equipment	$ 1,754,367	$ 2,075,441
Right of use assets	883,234	965,019
Goodwill	638,538	763,388
Other intangible assets	908,821	1,049,103
Fair value through other comprehensive income financial assets	10	10
Deferred income tax assets	60,873	78,369
Derivative financial instrument assets	1,889	6,121
Trade and other receivables	153,972	130,347
Non-current assets	4,401,704	5,067,798
Current assets
Inventories	60,381	74,216
Income tax receivable	2,375	1,174
Trade and other receivables	629,245	663,467
Cash and cash equivalents	425,436	514,078
Assets held for sale	21,139
Current assets	1,138,576	1,252,935
Total assets	5,540,280	6,320,733
Current liabilities
Trade and other payables	569,761	669,149
Provisions for other liabilities and charges	309	483
Derivative financial instrument liabilities	51,887	1,393
Income tax payable	65,322	70,008
Borrowings	457,941	438,114
Lease liabilities	86,898	87,240
Current liabilities	1,232,118	1,266,387
Non-current liabilities
Trade and other payables	5,493	1,459
Borrowings	3,084,214	2,906,288
Lease liabilities	507,008	518,318
Provisions for other liabilities and charges	84,811	84,533
Deferred income tax liabilities	141,842	183,518
Non-current liabilities	3,823,368	3,694,116
Total liabilities	5,055,486	4,960,503
EQUITY
Stated capital	5,391,363	5,311,953
Accumulated losses	(4,814,310)	(3,317,652)
Other reserves	(321,440)	(861,271)
Equity attributable to owners of the Company	255,613	1,133,030
Non-controlling interest	229,181	227,200
Total equity	484,794	1,360,230
Total liabilities and equity	$ 5,540,280	$ 6,320,733

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Thousands		Equity attributable to owners of parent		Stated capital	Accumulated losses		Other reserves		Non-controlling interests		Total
Beginning balance, Equity at Dec. 31, 2021		$ 1,520,368		$ 5,223,484	$ (2,860,205)		$ (842,911)		$ 223,188		$ 1,743,556
NCI arising on business combination									831		831
Options converted to shares				86,470			(86,470)
Share-based payment expense		10,230					10,230				10,230
Other reclassifications related to share-based payment		(1,275)			1,560		(2,835)				(1,275)
Total transactions with owners of the Company		8,955		86,470	1,560		(79,075)		831		9,786
Loss for the period		(190,941)	[1]		(190,941)	[1]			(9,162)	[1]	(200,103)	[2]
Other comprehensive (loss)/income		(49,278)	[1]				(49,278)	[1]	5,969	[1]	(43,309)	[2]
Total comprehensive (loss)/income		(240,219)	[1]		(190,941)	[1]	(49,278)	[1]	(3,193)	[1]	(243,412)	[2]
Ending balance, Equity at Sep. 30, 2022	[1]	1,289,104		5,309,954	(3,049,586)		(971,264)		220,826		1,509,930
Beginning balance, Equity at Dec. 31, 2021		1,520,368		5,223,484	(2,860,205)		(842,911)		223,188		1,743,556
Options converted to shares							(88,469)
Share-based payment expense							13,423
Other comprehensive (loss)/income							59,521
Ending balance, Equity at Dec. 31, 2022		1,133,030		5,311,953	(3,317,652)		(861,271)		227,200		1,360,230	[3]
Shares repurchased and cancelled through buyback program		(10,022)		(10,022)							(10,022)
NCI arising on business combination									1,922		1,922
Options converted to shares				89,432			(89,432)
Share-based payment expense		9,327					9,327				9,327
Other reclassifications related to share-based payment		(559)			867		(1,426)				(559)
Total transactions with owners of the Company		(1,254)		79,410	867		(81,531)		1,922		668
Loss for the period		(1,497,525)			(1,497,525)				(8,334)		(1,505,859)
Other comprehensive (loss)/income		621,362					621,362		8,393		629,755
Total comprehensive (loss)/income		(876,163)			(1,497,525)		621,362		59		(876,104)
Ending balance, Equity at Sep. 30, 2023		$ 255,613		$ 5,391,363	$ (4,814,310)		$ (321,440)		$ 229,181		$ 484,794

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.[2]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.[3]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023		Sep. 30, 2022
Cash flows from operating activities
Cash from operations	$ 234,437	$ 294,190	$ 750,428		$ 677,599
Income taxes paid	(8,450)	(6,452)	(42,407)		(46,454)
Payment for rent	(1,204)	(1,175)	(4,147)		(5,305)
Payment for tower and tower equipment decommissioning	(6)	(320)	(327)		(178)
Net cash generated from operating activities	224,777	286,243	703,547		625,662
Cash flow from investing activities
Purchase of property, plant and equipment	(124,413)	(122,011)	(393,015)		(284,867)
Payment in advance for property, plant and equipment	(18,772)	(51,870)	(88,920)		(139,783)
Purchase of software and licenses	(3,494)	(234)	(19,670)		(13,238)
Consideration paid on business combinations, net of cash acquired	(4,486)	(8,993)	(4,486)		(735,917)
Proceeds from disposal of property, plant and equipment	508	255	1,468		1,109
Insurance claims received	32	80	310		1,694
Interest income received	5,761	3,364	17,338		10,380
Deposit of short term deposits	(59,173)	(70,628)	(187,938)		(358,694)
Refund of short term deposits	15,908	10,733	36,631		162,316
Net cash used in investing activities	(188,129)	(239,304)	(638,282)		(1,357,000)
Cash flows from financing activities
Transactions with non-controlling interest		11			11
Shares repurchased and cancelled through buyback program	(5,713)		(5,713)
Bank loans received	318,765	118,884	976,944		834,677
Bank loans repaid	(226,741)	(44,184)	(644,591)		(114,211)
Fees on loans and derivative instruments	(6,149)	(3,282)	(14,820)		(12,559)
Interest paid	(79,173)	(69,070)	(224,118)		(173,739)
Payment for the principal of lease liabilities	(14,844)	(22,966)	(59,426)		(52,717)
Interest paid for lease liabilities	(15,405)	(11,543)	(40,699)		(27,763)
Initial margin received on non-deliverable forwards	145	6,629	197		13,106
(Losses) settled/profits received on nondeliverable forwards		(172)	420		(3,197)
Net cash (used in)/generated from financing activities	(29,115)	(25,693)	(11,806)		463,608
Net increase/(decrease) in cash and cash equivalents	7,533	21,246	53,459		(267,730)
Cash and cash equivalents at beginning of year	433,048	567,298	514,078	[1]	916,488
Effect of movements in exchange rates on cash	(15,145)	(58,076)	(142,101)		(118,290)
Cash and cash equivalents at end of year	$ 425,436	$ 530,468	$ 425,436		$ 530,468

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

General Information

General Information	9 Months Ended
General Information	Sep. 30, 2023
General Information
General Information	1. The financial statements are the unaudited condensed consolidated interim financial statements (hereafter “financial statements”) of IHS Holding Limited (the “Company”) and its subsidiaries (together hereafter referred to as the “Group”). IHS Holding Limited is incorporated in the Cayman Islands under the Companies Act (as amended) as an exempted company with limited liability. The Company is domiciled in the Cayman Islands and the address of its registered office is 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands. The financial period represents the three and nine months ended September 30, 2023, with the prior period representing the three and nine months ended September 30, 2022. The financial statements are presented in U.S. Dollars ($) and all values are rounded to the nearest thousand, except where otherwise indicated.

Significant accounting policies

Significant accounting policies	9 Months Ended
Significant accounting policies	Sep. 30, 2023
Significant accounting policies
Significant accounting policies	2. 2.1 The financial statements for the three and nine months ended September 30, 2023, have been prepared in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’ (IAS 34), as issued by the International Accounting Standards Board (IASB). The financial statements do not amount to full financial statements and do not include all of the information and disclosures required for full annual financial statements. It should be read in conjunction with the consolidated annual financial statements of the Group for the year ended December 31, 2022, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB, as noted within note 2.1 of the consolidated annual financial statements. In management’s opinion, the accompanying financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of September 30, 2023, and its results of operations for the three and nine months ended September 30, 2023, and 2022, cash flows for the three and nine months ended September 30, 2023, and 2022, and statement of changes in equity for the nine months ended September 30, 2023 and 2022. Certain amounts in the prior periods have been reclassified to conform to the current year presentation. The condensed consolidated statement of financial position as at December 31, 2022, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. 2.2 These condensed consolidated interim financial statements were authorized and approved for issue on November 13, 2023. 2.3 Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual profit or loss. 2.4 The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except the new standards, amendments and interpretations adopted by the Group during the period. New standards, amendments and interpretations adopted by the Group The Group has applied the following standards and amendments for the first time for its interim reporting period commencing January 1, 2023: ● IFRS 17 Insurance Contracts ● Definition of Accounting Estimates - Amendments to IAS 8 ● Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 ● Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 ● International Tax Reform – Pillar Two Model Rules – Amendments to IAS 12 The amendments to standards listed above did not have any material impact on the Group’s interim financial statements. However, the Group is in the process of analyzing the impact of the amendments to IAS 12 which are expected to impact the gross values of deferred tax assets and deferred tax liabilities disclosed in the notes to the annual financial statements at year end. Other than this, we do not expect this amendment to have any material impact on the net assets of the Group. The Organisation for Economic Co-operation and Development (OECD) has published Pillar Two Global Anti-Base Erosion Rules (GloBE) relating to global minimum taxation. These will apply to the Group from the year ended December 31, 2024 because the UK has enacted the relevant legislation, which will apply to UK tax resident companies, such as IHS Holding Limited, and its subsidiaries. The GLoBE rules will apply a minimum 15% income tax rate applicable in each jurisdiction in which the Group operates. The International Accounting Standards Board has amended IAS 12 ‘Income Taxes’ to include a mandatory exemption from recognizing deferred tax and liabilities relating to Pillar Two income taxes. The quantitative impact on the Group is still under investigation. There are no new standards, amendments and interpretations not yet adopted by the Group. 2.5 Operating segments are components of IHS’ business activities about which separate financial statements are available and reported internally to the chief operating decision maker. The Group’s Executive Committee has been identified as the chief operating decision maker, responsible for allocating resources and assessing performance of the operating segments. The Group’s Executive Committee currently consists of the Chief Executive Officer (“CEO”), the Chief Operating Officer (“COO”), the Chief Financial Officer (“CFO”), the General Counsel, the IHS Nigeria CEO, the Chief Human Resource Officer and the Executive Vice President of Communications. Where operating segments share similar characteristics, they have been aggregated into reportable segments, of which the Group has identified four: Nigeria, Sub-Saharan Africa (“SSA”), Middle East and North Africa (“MENA”) and Latin America (“Latam”).

Critical accounting estimates a

Critical accounting estimates and assumptions	9 Months Ended
Critical accounting estimates and assumptions	Sep. 30, 2023
Critical accounting estimates and assumptions
Critical accounting estimates and assumptions	3. The preparation of interim financial statements requires management to make certain judgements, accounting estimates and assumptions that affect the amounts reported for the assets and liabilities at the reporting date and the amounts reported for revenues and expenses during the period. The nature of the estimation means that actual outcomes could differ from those estimates. In preparing these condensed consolidated interim financial statements, the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same, except as mentioned below, as those that applied to the consolidated financial statements for the year ended December 31, 2022. (a) As part of their regular assessment of the Group’s liquidity and financing position, the Directors have prepared detailed forecasts for a period which extends beyond 12 months after the date of approval of these financial statements. In assessing the forecasts, the Directors have considered: ● the current economic conditions in the operating markets and the impact on trading performance; ● the impact of macroeconomic factors, particularly interest rates and foreign exchange rates, and the ongoing impact of the Russia and Ukraine conflict including on global diesel prices and supply chains for raw materials such as steel and for equipment, including batteries (the Group has no operations in Ukraine or trading with sanctioned individuals and companies ); ● the status of the Group’s financial arrangements (see also note 19); ● mitigating actions available should business activities fall behind current expectations; and ● additional sensitivity analysis under a stressed scenario to assess the impact of a severe but plausible downside case. In addition, the Directors have considered the following: ● The Group has cash and cash equivalents of $425.4 million as at September 30, 2023; ● Management has assessed current cash reserves and the availability of undrawn facilities and continues to monitor available liquidity in the context of ongoing operational requirements and planned capital expenditure; ● All of the Group’s operations are cash generative; and ● Our IT team monitors the risk of fraud, data or security breaches, loss of data and the potential for other cyber-related attacks and utilizes security measures to mitigate such risks. Having carefully considered the factors noted above, the Directors have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for at least 12 months from the date of issuance of these financial statements and to operate within the covenant levels of its current debt facilities. The Directors therefore continue to consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. (b ) Assessment of appropriate foreign exchange rate In mid-June 2023, the Central Bank of Nigeria announced the unification of all segments of the foreign exchange market by replacing the old regime of multiple exchange rate “windows” for different purposes with, in effect, a market rate. The unification of the Nigeria foreign exchange market was aimed at eliminating multiple “windows” and to allow foreign exchange transactions to be determined by market forces via a single I&E window. The Group uses the USD/NGN rate published by Bloomberg, which is approximately aligned to the I&E window rate (which was subsequently renamed NAFEM in October 2023), for the translation of USD transactions and denominated balances in the Nigerian subsidiaries and also for consolidation purposes.

Capital risk management

Capital risk management	9 Months Ended
Capital risk management	Sep. 30, 2023
Capital risk management
Capital risk management	4. The Group’s activities expose it to a variety of financial risks including market risk (foreign exchange risk and interest rate risk), credit risk and liquidity risk. The financial statements do not include all financial risk management information and disclosures required in annual financial statements, and should be read in conjunction with the Group’s annual financial statements for the year ended December 31, 2022. There have been no changes in any risk management policies since December 31, 2022. Fair value hierarchy The table below analyzes financial instruments carried at fair value, by valuation method. The different levels have been defined as follows: ◾ Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1). ◾ Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2). ◾ Inputs for the asset or liability that are not based on observable market data (that is unobservable inputs) (level 3). The following tables present the Group’s financial instruments that are measured at fair value at September 30, 2023 and at December 31, 2022. September 30, 2023 Level 1 Level 2 Total $’000 $’000 $’000 Fair value through other comprehensive income financial assets 10 — 10 Interest rate caps (note 16) — 1,099 1,099 Embedded options within listed bonds (note 16) — 790 790 Foreign exchange swaps (note 16) — (51,887) (51,887) 10 (49,998) (49,988) December 31, 2022 Level 1 Level 2 Total $’000 $’000 $’000 Fair value through other comprehensive income financial assets 10 — 10 Interest rate caps (note 16) — 821 821 Embedded options within listed bonds (note 16) — 5,300 5,300 Foreign exchange swaps (note 16) — (1,393) (1,393) 10 4,728 4,738 As at the end of the reporting period, the Group had both level 1 and level 2 financial instruments. Financial instruments in level 1 The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in level 1. Instruments included in level 1 comprise investment in marketable securities classified as fair value through other comprehensive income financial assets. Financial instruments in level 2 The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. Instruments included in level 2 comprise primarily of foreign exchange swaps, interest rate caps and options embedded in the bonds. Their fair values are determined based on mark to market values provided by the counterparty financial institutions or valuation techniques using observable market data. Fair value estimation At September 30, 2023 At December 31, 2022 Carrying Fair Carrying Fair Value Value Value Value $’000 $’000 $’000 $’000 Financial liabilities Bank and bond borrowings (note 19) 3,542,155 3,165,109 3,344,402 3,116,193 3,542,155 3,165,109 3,344,402 3,116,193 The fair values of non-current liabilities are based on discounted cash flows using a current borrowing rate. The fair values of current assets and current liabilities are not materially different from their carrying values.

Segment reporting

Segment reporting	9 Months Ended
Segment reporting	Sep. 30, 2023
Segment reporting
Segment reporting	5. Segment reporting The Group’s Executive Committee, identified as the chief operating decision maker (“CODM”), reviews and evaluates the Group’s performance from a business perspective according to how the geographical locations are managed. Regional and operating company management are responsible for managing performance, underlying risks, and effectiveness of operations. Regions are broadly based on a scale and geographic basis because the Group’s risks and rates of return are affected predominantly by the fact that the Group operates in different geographical areas, namely Nigeria as the major market, Cameroon, Côte d’Ivoire, Rwanda, South Africa and Zambia, as our SSA business, Kuwait and Egypt as our MENA business and Brazil, Colombia and Peru as our Latam business. The Executive Committee reviews the Company’s internal reporting to assess performance and allocate resources. Management has determined the operating segments based on these reports. The CODM has identified four operating segments: ◾ Nigeria ◾ SSA, which comprises operations in Cameroon, Côte d’Ivoire, Rwanda, South Africa and Zambia ◾ Latam, which comprises operations in Brazil, Colombia and Peru ◾ MENA, which comprises operations in Kuwait and Egypt. Although full operations in Egypt have not commenced, the business has incurred some startup costs. All operating segments are engaged in the business of leasing tower space for communication equipment and capacity leasing and services on fixed broadband networks to Mobile Network Operators (MNOs) and other customers (internet service providers, security functions or private corporations) and provide managed services in limited situations, such as maintenance, operations and leasing services, for certain towers owned by third parties within their respective geographic areas. However, they are managed and grouped within the four operating segments, which are primarily distinguished by reference to the scale of operations, to the similarity of their future prospects and long-term financial performance (i.e. margins and geographic basis). The CODM primarily uses a measure of Segment Adjusted EBITDA (defined as profit/(loss) for the period, before income tax expense/(benefit), finance costs and income, depreciation and amortization, impairment of withholding tax receivables, business combination transaction costs, impairment of property, plant and equipment and related prepaid land rent on the decommissioning of sites, reversal of provision for decommissioning costs, net (profit)/loss on sale of assets, share based payment (credit)/expense, insurance claims, listing costs and certain other items that management believes are not indicative of the core performance of our business). The most directly comparable IFRS measure to Adjusted EBITDA is our profit/(loss) for the period. The CODM also regularly receives information about the Group’s revenue, assets and liabilities. The Group has additional corporate costs which do not meet the quantitative thresholds to be separately reported and which are aggregated in ‘Other’ in the reconciliation of financial information presented below. These include costs associated with centralized Group functions including Group executive, legal, finance, tax and treasury services. There are no revenue transactions which occur between operating segments. Intercompany finance income, finance costs and loans are not included in the amounts below. The segment’s assets and liabilities are comprised of all assets and liabilities attributable to the segment, based on the operations of the segment and the physical location of the assets, including goodwill and other intangible assets and are measured in the same way as in the financial statements. Other assets and liabilities that are not attributable to Nigeria, SSA, Latam and MENA segments consist principally of amounts excluded from specific segments including costs incurred for and by Group functions not attributable directly to the operations of the reportable segments, share-based payment and any amounts due on debt held at Group level as the balances are not utilized in assessing each segment’s performance. Summarized financial information for the nine months ended September 30, 2023 is as follows: 2023 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 1,060,964 379,034 145,876 29,881 — 1,615,755 Segment Adjusted EBITDA 668,330 194,701 104,665 14,205 (110,694) 871,207 Depreciation and amortization (note 6 and 7) (340,381) Net gain on disposal of property, plant and equipment (note 7) 952 Insurance claims (note 9) 310 Net impairment of property, plant and equipment and prepaid land rent (note 6) (108,510) Impairment of withholding tax receivables (note 7) (35,112) Business combination transaction costs (note 7) (1,647) Other costs (a) (8,059) Share‑based payment expense (note 7) (9,571) Finance income (note 10) 18,233 Finance costs (note 11) (1,804,222) Other income (note 9) 59 Loss before income tax (1,416,741) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations — — — 8,566 - in the normal course of business 253,146 81,158 172,867 15,039 Segment assets (at September 30, 2023) 1,640,741 1,401,864 2,137,361 185,536 Segment liabilities (at September 30, 2023) 951,848 819,213 728,975 113,263 (a) Other costs for the nine months ended September 30, 2023 included one-off consulting fees related to corporate structures and operating systems of $4.5 million, one-off consulting services of $1.7 million and one-off professional fees related to financing of $0.2 million. Summarized financial information for the nine months ended September 30, 2022 is as follows: 2022 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 997,132 295,331 116,117 26,552 — 1,435,132 Segment Adjusted EBITDA* 596,756 163,511 83,010 11,616 (96,416) 758,477 Depreciation and amortization (note 6 and 7) (340,173) Net loss on disposal of property, plant and equipment (note 7) (13,650) Insurance claims (note 9) 1,686 Net reversal of impairment of property, plant and equipment and prepaid land rent (note 6) (1,768) Impairment of withholding tax receivables (note 7) (39,141) Business combination transaction costs (note 7) (17,928) Other costs (a) (1,274) Share‑based payment expense (note 7) (9,752) Finance income (note 10) 11,035 Finance costs (note 11) (574,081) Other income (note 9) 2,521 Loss before income tax (224,048) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations* — 719,219 386,460 3,650 - in the normal course of business 226,858 83,876 93,822 18,569 Segment assets (at September 30, 2022)* 2,374,490 1,596,906 1,884,223 177,746 Segment liabilities (at September 30, 2022)* 968,530 897,690 498,806 108,558 (a) Other costs for the nine months ended September 30, 2022 included professional costs related to Sarbanes-Oxley (SOX) implementation costs of $1.0 million along with professional fees and system implementation costs. re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and the MTN SA Acquisition in May 2022. Summarized financial information for the three months ended September 30, 2023 is as follows: 2023 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 271,394 133,481 51,883 10,265 — 467,023 Segment Adjusted EBITDA 158,003 66,285 38,163 5,155 (35,653) 231,953 Depreciation and amortization (note 6 and 7) (104,931) Net loss on disposal of property, plant and equipment (note 7) 386 Insurance claims (note 9) 32 Net impairment of property, plant and equipment and prepaid land rent (note 6) (103,429) Impairment of withholding tax receivables (note 7) (10,508) Business combination transaction costs (note 7) (161) Other costs (a) (3,211) Share‑based payment expense (note 7) (2,654) Finance income (note 10) 5,823 Finance costs (note 11) (261,993) Other income (note 9) 1 Loss before income tax (248,692) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations — — — 8,566 - in the normal course of business 51,631 28,005 82,060 6,227 Segment assets (at September 30, 2023) 1,640,741 1,401,864 2,137,361 185,536 Segment liabilities (at September 30, 2023) 951,848 819,213 728,975 113,263 (a) Other costs for the three months ended September 30, 2023 included one-off consulting fees related to corporate structures and operating systems of $1.7 million and one-off consulting services of $0.7 million . Summarized financial information for the three months ended September 30, 2022 is as follows: 2022 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 355,351 114,801 42,104 9,061 — 521,317 Segment Adjusted EBITDA 210,039 63,521 29,993 3,828 (32,953) 274,428 Depreciation and amortization (note 6 and 7) (117,474) Net loss on disposal of property, plant and equipment (note 7) 134 Insurance claims (note 9) 70 Net reversal of impairment of property, plant and equipment and prepaid land rent (note 6) (3,099) Impairment of withholding tax receivables (note 7) (11,422) Business combination transaction costs (note 7) (3,685) Other costs (a) (966) Share‑based payment expense (note 7) (4,127) Finance income (note 10) 6,412 Finance costs (note 11) (234,223) Loss before income tax (93,952) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations* — — — 3,650 - in the normal course of business 98,669 31,705 42,696 6,223 Segment assets (at September 30, 2022)* 2,374,490 1,596,906 1,884,223 177,746 Segment liabilities (at September 30, 2022)* 968,530 897,690 498,806 108,558 (a) Other costs for the three months ended September 30, 2022 included professional costs related to SOX implementation costs of $0.4 million, professional fees related to financing costs of $0.2 million and system implementation costs of $0.4 million. *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the TIM Fiber Acquisition in November 2021, the GTS SP5 Acquisition in March 2022 and the MTN SA Acquisition in May 2022. Revenue from two tier one customers represents approximately 10% or more of the Group’s total revenue as follows: Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 Customer A 63 % 63 % 60 % 63 % Customer B 14 % 14 % 16 % 17 %

Cost of sales

Cost of sales	9 Months Ended
Cost of sales	Sep. 30, 2023
Cost of sales [abstract]
Cost of sales	6. Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022* 2023 2022* $’000 $’000 $’000 $’000 Tower repairs and maintenance 20,364 25,134 77,762 68,391 Power generation 89,883 113,604 303,815 305,858 Short term rental 2,605 3,401 8,195 13,616 Vehicle maintenance and repairs 495 439 1,556 1,473 Site regulatory permits 9,365 8,593 30,562 26,634 Security services 9,650 12,375 33,756 31,713 Insurance 1,081 1,353 3,635 3,750 Staff costs 7,240 8,454 25,385 23,664 Travel costs 1,753 2,195 7,967 3,436 Professional fees 905 943 2,106 2,846 Depreciation (note 14)** 89,850 102,929 293,784 298,901 Amortization (note 15) 10,908 11,381 33,871 30,317 Net impairment of property, plant and equipment, intangibles fixed assets and prepaid land rent 103,429 3,099 108,510 1,768 Other 17,504 3,698 18,870 6,430 365,032 297,598 949,774 818,797 Foreign exchange gains and losses on cost of sales are included in Other. re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022. *

Administrative expenses

Administrative expenses	9 Months Ended
Administrative expenses	Sep. 30, 2023
Administrative expenses.
Administrative expenses	7. Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Facilities, short term rental and upkeep 8,822 8,953 30,010 25,844 Depreciation (note 14) 2,744 2,266 8,501 6,657 Amortization (note 15) 1,429 898 4,225 4,298 Travel costs 3,640 4,225 10,318 10,884 Staff costs 38,210 34,323 114,765 96,172 Key management compensation 4,674 5,491 12,914 13,814 Share‑based payment expense (note 25) 2,654 4,127 9,571 9,752 Professional fees 14,231 9,628 43,634 28,240 Business combination transaction costs 161 3,685 1,647 17,928 Impairment of withholding tax receivables* 10,508 11,422 35,112 39,141 Net (gain)/loss on disposal of property, plant and equipment (386) (134) (952) 13,650 Operating taxes 266 228 382 569 Other 6,882 6,415 21,750 17,992 93,835 91,527 291,877 284,941 Foreign exchange gains and losses on administrative expenses are included in Other. *Withholding tax receivables were impaired following the Group’s assessment of the recoverability of withholding tax assets based on a five-year cash flow projection and an analysis of the utilization of withholding tax balances against future income tax liabilities.

(Loss allowance)_reversal of lo

(Loss allowance)/reversal of loss allowance on trade receivables	9 Months Ended
	Sep. 30, 2023
(Loss allowance)/reversal of loss allowance on trade receivables
(Loss allowance)/reversal of loss allowance on trade receivables	8. The loss allowance for the nine months ended September 30, 2023 is $5.2 million (nine months ended September 30, 2022: reversal of loss allowance of $3.4 million) and the loss allowance for the three months ended September 30, 2023 is $0.7 million (three months ended September 30, 2022: reversal of loss allowance of $1.6 million). This represents the net impact of new or increased provisions for balances now assessed as doubtful partially offset by the reversal of allowances made in previous periods in respect of balances recovered in the period or no longer considered doubtful.

Other income

Other income	9 Months Ended
Other income	Sep. 30, 2023
Other income.
Other income	9. Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Insurance claims 32 70 310 1,686 Other income 1 — 59 2,521 33 70 369 4,207

Finance income

Finance income	9 Months Ended
Finance income	Sep. 30, 2023
Finance income.
Finance income	10. Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Interest income—bank deposits 5,761 3,364 17,338 10,380 Net foreign exchange gain on derivative instruments—unrealized — 1,263 — — Net foreign exchange gain on derivative instruments—realized — 1,785 420 655 Fair value gain on interest rate caps 62 — 475 — 5,823 6,412 18,233 11,035

Taxation

Taxation	9 Months Ended
Taxation	Sep. 30, 2023
Income Tax Expense
Taxation	12. Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022* 2023 2022* $’000 $’000 $’000 $’000 Current taxes on income 28,567 31,897 91,484 83,905 Deferred income taxes (11,908) (89,201) (2,366) (107,850) Total taxes 16,659 (57,304) 89,118 (23,945) Income tax expense is recognized in each interim period based on tax computations for each group entity based upon the profit or loss before tax in the period. Adjustments for material temporary and permanent differences are made by reference to the relevant tax rules, making suitable pro-rated adjustments for rates applying on an annual basis for the full financial year under the tax rules. Accordingly, the interim period income tax expense is accrued at the effective tax rate that would be applicable to the pre-tax income of the interim period. *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Loss per share

Loss per share	9 Months Ended
Loss per share	Sep. 30, 2023
Income per share
Loss per share	13. The following table sets forth basic and diluted net loss per common share computational data (in thousands, except per share data): Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022* 2023 2022* Loss attributable to equity holders ($’000) (265,351) (36,648) (1,505,859) (200,103) Less: allocation of loss to non‑controlling interest ($’000) (1,974) (5,946) (8,334) (9,162) Loss attributable to IHS common shareholders ($’000) (263,377) (30,702) (1,497,525) (190,941) Basic weighted average shares outstanding (‘000) 334,046 331,688 333,388 330,913 Potentially dilutive securities (‘000) 1,811 3,446 2,079 3,381 Potentially dilutive weighted average common shares outstanding (‘000) 335,857 335,134 335,467 334,294 Loss per share: Basic loss per share ($) (0.79) (0.09) (4.49) (0.58) Diluted loss per share ($) (0.79) (0.09) (4.49) (0.58) Potentially dilutive securities include share-based compensation options, but for the nine and three months ended September 30, 2023, and the nine and three months ended September 30, 2022, these securities were anti-dilutive and thus do not impact diluted loss per share. *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Property, plant and equipment

Property, plant and equipment	9 Months Ended
Property, plant and equipment	Sep. 30, 2023
Property, plant and equipment.
Property, plant and equipment	14. Total (excluding Towers Land Furniture Capital Right of and tower Fiber and and office Motor work in use Right of equipment assets buildings equipment vehicles progress asset) use assets $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Cost At January 1, 2022 2,829,528 250,690 56,268 22,198 23,458 146,353 3,328,495 650,504 Additions during the year * (20,994) 70,905 1,489 7,453 6,961 350,512 416,326 100,832 Additions through business combinations (note 27) /*** 266,110 — 885 — — — 266,995 478,602 Reclassification 176,625 10,991 1,992 4,231 — (193,839) — — Transfer from advance payments 100,578 16,412 6,754 33 — 2,008 125,785 — Disposals* (239,350) — — (459) (1,286) — (241,095) (17,755) Effects of movement in exchange rates *** (150,930) 15,184 (3,802) (1,148) (1,856) (17,876) (160,428) (47,003) At December 31, 2022* 2,961,567 364,182 63,586 32,308 27,277 287,158 3,736,078 1,165,180 At January 1, 2023 2,961,567 364,182 63,586 32,308 27,277 287,158 3,736,078 1,165,180 Additions during the period * 38,285 13,634 1,044 2,573 3,429 305,181 364,146 88,794 Additions through business combinations (note 27) *** 5,576 — — — — — 5,576 — Reclassification 119,159 67,095 6,422 (2,883) 84 (189,877) — — Transfer from advance payments 41,889 980 1,924 — — 16,266 61,059 — Disposals* (4,950) (35,571) — (1,176) (1,625) — (43,322) (25,511) Effects of movement in exchange rates (732,553) (5,911) (24,319) (6,403) (8,335) (129,350) (906,871) (123,332) Reclassified to assets held for sale (102,135) — — — — — (102,135) — At September 30, 2023 2,326,838 404,409 48,657 24,419 20,830 289,378 3,114,531 1,105,131 Accumulated depreciation and impairment At January 1, 2022 1,575,315 5,354 1,637 17,157 14,771 — 1,614,234 129,853 Charge for the year** 268,999 54,152 315 5,800 4,610 — 333,876 88,615 Impairment 34,702 201 — — — — 34,903 3,151 Disposals* (234,117) — — (301) (1,272) — (235,690) (13,237) Effects of movement in exchange rates *** (83,573) (675) (119) (1,219) (1,100) — (86,686) (8,221) At December 31, 2022* 1,561,326 59,032 1,833 21,437 17,009 — 1,660,637 200,161 At January 1, 2023 1,561,326 59,032 1,833 21,437 17,009 — 1,660,637 200,161 Charge for the period 174,967 48,207 263 2,859 3,115 — 229,411 73,247 Net impairment 77,896 464 — — — — 78,360 1,277 Disposals* (4,034) (34,506) — (1,168) (1,520) — (41,228) (14,315) Effects of movement in exchange rates (478,469) 1,871 (763) (3,824) (4,835) — (486,020) (38,473) Reclassified to assets held for sale (80,996) — — — — — (80,996) — At September 30, 2023 1,250,690 75,068 1,333 19,304 13,769 — 1,360,164 221,897 Net book value At December 31, 2022**** 1,400,241 305,150 61,753 10,871 10,268 287,158 2,075,441 965,019 At September 30, 2023 1,076,148 329,341 47,324 5,115 7,061 289,378 1,754,367 883,234 The disposals value of right of use assets represents disposals due to terminated leases and the impact of remeasurement of lease assets as a result of changes in lease terms. The charge for the period does not agree to the charge in the condensed consolidated statement of loss and other comprehensive income/(loss) due to the indirect taxes benefit of $0.4 million in IHS Brasil Cessão de Infraestruturas S.A. claimed through depreciation over the useful life of the asset. Includes net movements in assets relating to the decommissioning and site restoration provision. Includes subsequent asset acquisitions on business combination transactions. ***re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. Capital work-in-progress comprises mainly of tower and tower equipment still under construction and not yet available for use. The Group transfers such assets to the appropriate class once they are available for use. There were no qualifying borrowing costs capitalized during the year. The impairment in the period ended September 30, 2023 includes $66.3 million from power equipment assets in the SSA segment being classified as assets held for sale and remeasured at fair value less cost to sell. The sale of the assets is expected to be concluded within the next 12 months. Assets are not depreciated while they are classified as held for sale. The impairment in the year ended December 31, 2022 is primarily driven by the rationalization program agreed with a Key Customer which resulted in the impairment of the related Towers and tower equipment. The impairment losses have been recognized in cost of sales in the consolidated statement of loss and other comprehensive income/(loss) .

Goodwill and other intangible a

Goodwill and other intangible assets	9 Months Ended
Goodwill and other intangible assets	Sep. 30, 2023
Goodwill and other intangible assets
Goodwill and other intangible assets	15. Customer ‑ Network ‑ related related intangible intangible Goodwill assets assets Licenses Software Total $’000 $’000 $’000 $’000 $’000 $’000 Cost At January 1, 2022 780,147 877,764 107,202 17,706 23,798 1,806,617 Additions during the year — — — 14,772 6,413 21,185 Additions through business combinations (note 27)/ 119,035 171,765 72,932 — — 363,732 Disposals — — — (4) (395) (399) Effects of movement in exchange rates * (13,543) (18,163) (4,844) (1,886) (572) (39,008) At December 31, 2022* 885,639 1,031,366 175,290 30,588 29,244 2,152,127 At January 1, 2023 885,639 1,031,366 175,290 30,588 29,244 2,152,127 Additions during the period — — — 3,007 8,970 11,977 Additions through business combinations (note 27) — 2,224 766 — — 2,990 Disposals — — — (17) (13,014) (13,031) Effects of movement in exchange rates (119,909) (115,330) (15,640) (1,096) (4,066) (256,041) At September 30, 2023 765,730 918,260 160,416 32,482 21,134 1,898,022 Accumulated amortization and impairment At January 1, 2022 251 131,568 21,885 6,877 20,411 180,992 Charge for the year — 36,169 6,936 2,598 1,627 47,330 Disposals — — — (4) (394) (398) Impairment charge for the year 121,596 — — — — 121,596 Effects of movement in exchange rates 404 (8,335) (1,245) (395) (313) (9,884) At December 31, 2022 122,251 159,402 27,576 9,076 21,331 339,636 At January 1, 2023 122,251 159,402 27,576 9,076 21,331 339,636 Charge for the period — 26,094 5,515 4,776 1,711 38,096 Disposals — — — (17) (13,008) (13,025) Impairment charge for the year — 28,873 — — — 28,873 Effects of movement in exchange rates 4,941 (37,430) (6,464) (129) (3,835) (42,917) At September 30, 2023 127,192 176,939 26,627 13,706 6,199 350,663 Net book value At December 31, 2022*** 763,388 871,964 147,714 21,512 7,913 1,812,491 At September 30, 2023 638,538 741,321 133,789 18,776 14,935 1,547,359 Network-related intangible assets represent future income from leasing excess tower capacity to new Tenants. Customer-related intangible assets represent customer contracts and relationships. Includes subsequent asset acquisitions on business combination transactions. The carrying amount of the IHS Latam tower business group of CGUs was reduced to its recoverable amount through the recognition of an impairment loss against goodwill. **re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. The impairment in the period ended September 30, 2023 of $28.9 million relates to a revaluation of the Customer-related assets in the SSA segment following the classification of power equipment assets as held for sale. Refer to note 14.

Derivative financial instrument

Derivative financial instruments	9 Months Ended
Derivative financial instruments	Sep. 30, 2023
Derivative financial instruments
Derivative financial instruments	16. The derivative instruments have been classified as fair value through profit or loss. The instruments are measured at fair value with the resultant gains or losses recognized in the condensed consolidated statement of loss and other comprehensive income/(loss). The related net foreign exchange gain/(loss) is included in finance income (note 10) and finance costs (note 11). The underlying contractual notional amounts for the derivative instruments are as follows, at December 31, 2022 and at September 30, 2023: September 30, December 31, 2023 2022 $’000 $’000 Derivative instruments Foreign exchange swaps 125,000 160,448 Embedded options within listed bonds 1,940,000 1,940,000 2,065,000 2,100,448 The fair value balances are as follows: September 30, December 31, 2023 2022 $’000 $’000 Derivative instruments Foreign exchange swaps (51,887) (1,393) Interest rate caps 1,099 821 Embedded options within listed bonds 790 5,300 (49,998) 4,728 The change in fair value of the derivative instruments has been recorded in the condensed consolidated statement of loss and other comprehensive income/(loss) as follows: Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Derivative instruments Foreign exchange swaps/non-deliverable forwards (3,247) 1,263 (65,356) (2,111) Interest rate caps 62 — 475 — Embedded options within listed bonds (5,260) (620) (4,510) (162,950) (8,445) 643 (69,391) (165,061)

Trade and other receivables

Trade and other receivables	9 Months Ended
Trade and other receivables	Sep. 30, 2023
Trade and other receivables
Trade and other receivables	17. September 30, December 31, 2023 2022 $’000 $’000 Current Trade receivables 196,881 236,390 Less: impairment provisions (19,767) (25,365) Net trade receivables* 177,114 211,025 Other receivables** 386,305 387,019 Prepaid land rent 1,108 1,030 Other prepaid expenses 23,116 26,820 Advance payments 27,663 22,076 Withholding tax 1,133 1,201 VAT receivables 12,806 14,296 629,245 663,467 Non ‑ current Accrued income and lease incentive 62,989 35,321 Other tax receivables 7,021 5,945 Payment in advance for property, plant and equipment 77,781 83,118 Contingent consideration receivable 6,181 5,963 153,972 130,347 The fair value is equal to their carrying amount. *Included in other receivables are margins on non-deliverable forward contracts and short-term fixed deposits which are not classified as cash and cash equivalents as it exceeds the three-month maturity period. Payment in advance for property, plant and equipment relates to the future supply of tower and tower equipment and fiber assets. All non-current receivables are due within twenty years

Trade and other payables

Trade and other payables	9 Months Ended
Trade and other payables	Sep. 30, 2023
Trade and other payables.
Trade and other payables	18. September 30, December 31, 2023 2022 $’000 $’000 Current Trade payables 356,145 442,959 Deferred revenue 63,941 86,363 Withholding tax payable 6,801 5,820 Payroll and other related statutory liabilities 40,228 45,331 VAT payables 29,416 51,103 Other payables 73,230 37,573 569,761 669,149 Non ‑ current Other payables 5,493 1,459 5,493 1,459

Borrowings

Borrowings	9 Months Ended
Borrowings	Sep. 30, 2023
Borrowings.
Borrowings	September 30, December 31, 2023 2022 $’000 $’000 Non ‑ current Senior Notes 1,928,762 1,920,783 Bank borrowings 1,155,452 985,505 External debt 3,084,214 2,906,288 Current Senior Notes 22,692 27,060 Bank borrowings 92,721 213,576 Letters of credit 342,528 197,478 External debt 457,941 438,114 Total borrowings 3,542,155 3,344,402 External debt External debt is made up of the following: September 30, December 31, Currency Maturity date Interest rate 2023 2022 $’000 $’000 Senior notes IHS Holding Limited US Dollar 2026 5.63 % 505,623 497,861 IHS Holding Limited US Dollar 2028 6.25 % 506,214 497,979 IHS Netherlands Holdco B.V. US Dollar 2027 8.00 % 939,617 952,003 Bank borrowings IHS Holding Term Loan US Dollar 2025 3.75 % + CAS + 3M SOFR 370,433 368,630 IHS (Nigeria) Limited Nigerian Naira 2023 12.50 -18.00% — 57,448 INT Towers Ltd Nigerian Naira 2024 2.50 % + 3M NIBOR — 191,188 INT Towers Ltd Nigerian Naira 2028 20.00 % 218,634 — IHS Côte d'Ivoire Ltd CFA Franc 2024 5.00 % 9,410 18,854 IHS Côte d'Ivoire Ltd Euro 2024 3.00 % + 3M EURIBOR 6,993 14,217 IHS Zambia Ltd US Dollar 2027 5.00 % + CAS + 3M SOFR 85,763 94,596 IHS Brasil - Cessão de Infraestruturas S.A. Brazilian Real 2031 3.10 % + CDI 234,740 — IHS Brasil - Cessão de Infraestruturas S.A. Brazilian Real 2029 3.65 % + CDI — 68,591 IHS Brasil - Cessão de Infraestruturas S.A. Brazilian Real 2028 3.05 % + CDI — 82,928 I-Systems Soluções de Infraestrutura S.A. Brazilian Real 2030 2.45 - 2.50% + CDI 78,615 38,542 IHS Kuwait Limited Kuwait Dinar 2029 2.00 % + 3M KIBOR 62,916 66,251 IHS Towers South Africa Proprietary Limited South African Rand 2029 2.75 % + 3M JIBAR 180,669 197,836 Letters of credit IHS (Nigeria) Limited US Dollar 2023 12.00 - 15.55% 101,559 66,047 INT Towers Ltd US Dollar 2023 12.00 - 15.75% 238,010 128,063 IHS Towers NG Limited US Dollar 2023 15.49 % 136 987 Global Independent Connect Limited US Dollar 2023 13.25 - 15.49% 2,823 1,330 Global Independent Connect Limited Chinese Yuan 2023 12.05 % — 1,051 3,542,155 3,344,402 i. The Group is in compliance with the restrictive debt covenants related to the listed bonds and covenants related to external borrowings as at the quarter end. Approximate U.S. dollar equivalent values for non-USD denominated facilities stated below are translated from the currency of the debt at the relevant exchange rates on September 30, 2023. Nigeria (2023) Term Loan IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into an up to NGN 165.0 billion (approximately $212.8 million) term loan agreement in January 2023 (as amended and/or restated from time to time the “Nigeria 2023 Term Loan”), and between, amongst others, IHS Netherlands Holdco B.V. as holdco and guarantor; IHS Towers NG Limited and INT Towers as borrowers; each of IHS Holding Limited, IHS Netherlands NG1 B.V., IHS Nigeria, IHS Netherlands NG2 B.V., and Nigeria Tower Interco B.V. as guarantors; Ecobank Nigeria Limited as agent and certain financial institutions listed therein as original lenders. The interest rate per annum is equal to 20% in the first year moving to a floating rate for the remainder of the term. This floating rate is defined by the Nigerian MPR plus a margin of 2.5% and is subject to a cap of 24% and floor of 18%. IHS Netherlands Holdco B.V. also pays certain other fees and costs, including agent fees. The Nigeria 2023 Term Loan was drawn down for an original principal amount of NGN 124.5 billion (approximately $160.5 million), and funds borrowed under the loan were applied towards, inter alia, refinancing certain indebtedness of INT Towers, IHS Nigeria, and general corporate and working capital purposes. As of January 3, 2023, the total commitments available under the Nigeria 2023 Term Loan were NGN 124.5 billion (approximately $160.5 million), which were increased in February 2023, by NGN 29.0 billion (approximately $37.4 million) and further increased in May 2023, by NGN 11.5 billion (approximately $14.8 million) pursuant to the facility increase clause contained within the loan agreement up to its total NGN 165.0 billion (approximately $212.8 million) capacity. In January 2023, NGN 124.5 billion (approximately $160.5 million) was drawn down under the Nigeria 2023 Term Loan. Further drawdowns took place in March 2023, April 2023 and June 2023 for NGN 14.0 billion (approximately $18.1 million), NGN 15.0 billion (approximately $19.3 million) and NGN 11.5 billion (approximately $14.8 million) respectively. As of September 30, 2023, NGN 165.0 billion (approximately $212.8 million) had been drawn down under this facility. Nigeria (2023) Revolving Credit Facility IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into an up to NGN 55.0 billion (approximately $70.9 million) revolving credit facility agreement in January 2023 (as amended and/or restated from time to time the “Nigeria 2023 RCF”), and between, amongst others, IHS Netherlands Holdco B.V. as holdco and guarantor; IHS Towers NG Limited and INT Towers as borrowers and guarantors; each of IHS Holding Limited, IHS Netherlands NG1 B.V., IHS Netherlands NG2 B.V., and Nigeria Tower Interco B.V. as guarantors; Ecobank Nigeria Limited as agent and certain financial institutions listed therein as original lenders. The interest rate per annum is equal to 20% in the first year moving to a floating rate for the remainder of the term. This floating rate is defined by the Nigerian MPR plus a margin of 2.5% and is subject to a cap of 24% and floor of 18%. IHS Netherlands Holdco B.V. also pays certain other fees and costs, including agent fees. As of January 3, 2023, the total commitments available under the Nigeria 2023 RCF were NGN 44.0 billion (approximately $56.7 million), which were further increased in February 2023, by NGN 11.0 billion (approximately $14.2 million) to NGN 55.0 billion (approximately $70.9 million), pursuant to the facility increase clause contained within the loan agreement. During the nine months ended September 30, 2023, an aggregate of NGN 40.0 billion (approximately $51.6 million) was borrowed and repaid As of September 30, 2023, there are no amounts drawn and outstanding under the Nigeria (2023) Revolving Credit Facility. Repayment of the IHS (Nigeria) Local Facilities On January 11, 2023, the following IHS (Nigeria) Limited local facilities were fully repaid: (i) IHSN NG1 Facility (a NGN 16.1 billion (approximately $20.8 million) facility entered into in March 2022 and guaranteed by each of IHS Holding Limited, INT Towers Limited and IHS Towers NG Limited). (ii) IHSN NG2 Facility (a NGN 10.0 billion (approximately $12.9 million) facility entered into in May 2022 and guaranteed by each of IHS Holding Limited, INT Towers Limited and IHS Towers NG Limited). Repayment of the Nigeria (2019) term loan IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into a term loan agreement, originally dated September 3, 2019 (and as amended and/or restated from time to time, including pursuant to an amendment and restatement agreement dated September 29, 2021) (the “Nigeria 2019 Facility”). In January 2023, the full remaining principal amount of the Naira tranche of the Nigeria 2019 Facility of NGN 88.3 billion (approximately $113.9 million) (plus accrued interest) was prepaid. I-Systems Facility drawdown I-Systems Soluções de Infraestrutura S.A. (formerly known as Fiberco Soluções de Infraestrutura S.A.) (“I-Systems”) entered into a BRL 200.0 million (approximately $39.7 million) credit agreement, originally dated October 3, 2022 (as amended and/or restated from time to time, the “I-Systems Facility”). On October 13, 2022, Itau Unibanco S.A. provided an additional commitment in an aggregate amount of BRL 200.0 million (approximately $39.7 million) on the same terms, available in two tranches. On February 3, 2023, I-Systems drew down a tranche of BRL 80.0 million (approximately $15.9 million) pursuant to the I-Systems Facility. The interest rate applicable on this tranche is CDI plus 2.45% (assuming a 252-day calculation basis). On March 31, 2023, I-Systems drew down a tranche of BRL 120.0 million (approximately $23.8 million) pursuant to the I-Systems Facility. The interest rate applicable on this tranche is CDI plus 2.50% (assuming a 252-day calculation basis). As of September 30, 2023, BRL 400 million (approximately $79.5 million) had been drawn down under this facility. Repayment of the IHS Brasil - Cessão de Infraestruturas S.A. Facilities IHS Brasil Participacoes Ltda entered into (and later assigned to IHS Brasil - Cessão de Infraestruturas S.A.) the following facilities: (a) a BRL 300.0 million (approximately $59.6 million) credit agreement originally in May 2021 (as amended and/or restated from time to time, the “IHS Brasil Facility 1”), and (b) a BRL 100.0 million (approximately $19.9 million) credit agreement originally in June 2021 (as amended and/or restated from time to time) (the “IHS Brasil Facility 2” and, together with the IHS Brasil Facility 1, the “IHS Brasil Facilities”). IHS Brasil - Cessão de Infraestruturas S.A. also entered into a BRL 495.0 million (approximately $98.4 million) credit agreement originally in April 2022 (as amended and/or restated from time to time, the “GTS Facility”). In September 2023, we prepaid the full remaining principal amount of the IHS Brasil Facilities and the GTS Facility of BRL 713.6 million (approximately $141.8 million) (plus accrued interest) using the proceeds received following the issuance of the IHS Brasil Debentures. IHS Brasil - Cessão de Infraestruturas S.A. Debentures IHS Brasil - Cessão de Infraestruturas S.A. issued debentures for BRL 1,200.0 million (approximately $238.4 million), in September 2023 (as amended and/or restated from time to time, the “IHS Brasil Debentures”). The IHS Brasil Debentures amortize semi-annually until maturity in August 2031. The IHS Brasil Debentures contain customary information and financial covenants, including but not limited to the maintenance of specified net debt to EBITDA and interest cover ratios. They also contain customary negative covenants and restrictions including, but not limited to, dividends and other payments to shareholders, intercompany loans and capital reductions. The IHS Brasil Debentures are secured by a pledge over all shares owned by Centennial Towers Brasil Cooperatief U.A. and IHS Netherlands BR B.V. in IHS Brasil – Cessão de Infraestruturas S.A. and a pledge over the bank account where the companies’ receivables are deposited. The IHS Brasil Debentures have an interest rate of CDI plus 3.10% (assuming a 252-day calculation basis) and will terminate in August 2031. The proceeds from the issuance were used to refinance certain indebtedness of IHS Brasil - Cessão de Infraestruturas S.A. (including the IHS Brasil Facilities and the GTS Facility) and for general corporate and working capital purposes. IHS Kuwait Facility drawdown IHS Kuwait Limited entered into a loan agreement originally dated April 19, 2020 (as amended and/or restated from time to time) with a total commitment of KWD equivalent of $85.0 million (the “Kuwait Facility”). The Kuwait Facility will terminate in April 2029, and as of September 30, 2023, KWD 21.8 million (approximately $70.5 million) of this facility was drawn down. IHS South Africa Facility IHS Towers South Africa Proprietary Limited (“IHS SA”) entered into a loan agreement originally in May 2022 (as amended and/or restated from time to time) with a total commitment of ZAR 3,470.0 million (approximately $183.4 million) (the “IHS SA Facility”). In May 2023, IHS SA drew down ZAR 70.0 million (approximately $3.7 million) under the facility. As of September 30, 2023, ZAR 3,470 million (approximately $183.4 million) had been drawn down under this facility. ii. As of September 30, 2023, IHS (Nigeria) has utilized $101.6 million through funding under agreed letters of credit. These letters mature on December 31, 2023 and their interest rates range from 12.00% to 15.55%. These letters of credit are utilized to fund capital and operational expenditure with suppliers. As of September 30, 2023, INT Towers Limited has utilized $238.0 million through funding under agreed letters of credit. These letters mature on December 31, 2023 and their interest rates range from 12.00% to 15.75%. These letters of credit are utilized to fund capital and operational expenditure with suppliers. As of September 30, 2023, IHS Towers NG Limited has utilized $0.1 million through funding under agreed letters of credit. These letters mature on December 31, 2023 and incur interest at a rate of 15.49%. These letters of credit are utilized to fund capital and operational expenditure with suppliers. As of September 30, 2023, Global Independent Connect Limited has utilized $2.8 million through funding under agreed letters of credit. These letters mature on December 31, 2023 and their interest rates range from 13.25% to 15.49%. These letters of credit are utilized to fund capital and operational expenditure with suppliers.

Lease liabilities

Lease liabilities	9 Months Ended
Lease liabilities	Sep. 30, 2023
Lease liabilities.
Lease liabilities	20. September 30, December 31, 2023 2022* $’000 $’000 Current 86,898 87,240 Non‑current 507,008 518,318 Total lease liabilities 593,906 605,558 Lease liabilities represent the net present value of future payments due under long term land leases for leasehold land on which our towers are located and for other leasehold assets such as warehouses and offices. During the nine-month period ended September 30, 2023, payments to the value of $100.3 million were made in respect of recognized lease liabilities. These lease liabilities are unwound using incremental borrowing rates which represent the credit risk of the lessee entity and the length of the lease agreement. At September 30, 2023, and December 31, 2022, the contractual maturities of the lease liabilities were as follows: Total Carrying contractual Within 2 ‑ 3 4 ‑ 5 Over 5 value cash flows 1 year years years years $’000 $’000 $’000 $’000 $’000 $’000 September 30, 2023 Lease liabilities 593,906 1,113,491 100,029 184,187 171,800 657,475 December 31, 2022* Lease liabilities 605,558 1,108,532 92,417 179,930 168,231 667,954 Lease obligations contractual cash flows are disclosed with the same renewal expectation assumption assessed for lease accounting under IFRS 16. The average remaining lease term remaining at September 30, 2023 is 12.33 years. *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Provisions for other liabilitie

Provisions for other liabilities and charges	9 Months Ended
Provisions for other liabilities and charges	Sep. 30, 2023
Provisions for other liabilities and charges
Provisions for other liabilities and charges	21. Decommissioning and site restoration provision September 30, December 31, 2023 2022 $’000 $’000 At January 1 85,016 71,941 Additions through business combinations (note 27) — 34,419 Increase/(decrease) in provisions 625 (24,898) Payments for tower and tower equipment decommissioning (327) (343) Unwinding of discount 6,941 7,084 Effects of movement in exchange rates (7,135) (3,187) At end of period/year 85,120 85,016 Analysis of total decommissioning and site restoration provisions: Non‑current 84,811 84,533 Current 309 483 85,120 85,016 This provision relates to the probable obligation that the Group may incur to dismantle and remove assets from tower sites. The amount recognized initially is the present value of the estimated amount that will be required to decommission and restore the leased sites to their original states, discounted using the risk-free rates of individual operations within the Group, adjusted for risks specific to the cash flows being discounted. The amount provided for each site has been discounted based on the respective lease terms attached to each site.

Stated capital

Stated capital	9 Months Ended
Stated capital	Sep. 30, 2023
Stated capital
Stated capital	22. Ordinary Shares Share capital Share premium Number of net of net of shares Share capital issue costs Share Premium issue costs 000’s $’000 $’000 $’000 $’000 At December 31, 2022 331,920 100,141 99,576 5,241,836 5,212,377 Shares issued on exercise of options 2,221 666 666 88,766 88,766 Shares repurchased and cancelled through buyback program (948) (284) (284) (9,738) (9,738) At September 30, 2023 333,193 100,523 99,958 5,320,864 5,291,405

Other reserves

Other reserves	9 Months Ended
Other reserves	Sep. 30, 2023
Other reserves.
Other reserves	23. Fair value through other Share ‑ Loss on Foreign comprehensive based transaction exchange income Restructuring payment between translation reserve reserve reserve owners reserve Total $’000 $’000 $’000 $’000 $’000 $’000 At January 1, 2022 (3) 4,019 176,698 (840,359) (183,266) (842,911) Other comprehensive income* — — — — 59,521 59,521 Options converted to shares — — (88,469) — — (88,469) Recognition of share‑based payment expense — — 13,423 — — 13,423 Other reclassifications related to share-based payment — — (2,835) — — (2,835) At December 31, 2022 (3) 4,019 98,817 (840,359) (123,745) (861,271) At January 1, 2023 (3) 4,019 98,817 (840,359) (123,745) (861,271) Other comprehensive income 7 — — — 621,355 621,362 Options converted to shares — — (89,432) — — (89,432) Recognition of share‑based payment expense — — 9,327 — — 9,327 Other reclassifications related to share based payment — — (1,426) — — (1,426) At September 30, 2023 4 4,019 17,286 (840,359) 497,610 (321,440) *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Non-controlling interest

Non-controlling interest	9 Months Ended
Non-controlling interest	Sep. 30, 2023
Non-controlling interest
Non-controlling interest	24. Nine months ended September 30, September 30, 2023 2022 $’000 $’000 Balance at January 1 227,200 223,188 NCI arising on business combination* 1,922 831 Loss for the period (8,334) (9,162) Other comprehensive income 8,393 5,969 Balance at September 30 229,181 220,826 *Includes non-controlling interest arising on subsequent asset acquisitions on business combination transactions. Set out below is summarized financial information for the I-Systems subsidiary, being the only subsidiary that has non-controlling interest that is material to the Group. Summarized balance sheet I-Systems Soluções de Infraestrutura S.A. September 30, December 31, 2023 2022 $’000 $’000 Current assets 92,805 102,445 Current liabilities (45,907) (38,834) Current net assets 46,898 63,611 Non-current assets 503,575 462,122 Non-current liabilities (116,275) (92,453) Non-current net assets 387,300 369,669 Net assets 434,198 433,280 Accumulated non-controlling interest at the end of the period 212,757 212,307 Summarized statement of comprehensive income for the reporting period I-Systems Soluções de Infraestrutura S.A. Nine months ended September 30, September 30, 2023 2022 $’000 $’000 Revenue 52,677 41,502 Loss for the period (14,941) (15,373) Other comprehensive income 15,858 15,466 Total comprehensive income 917 93 Loss allocated to non-controlling interest during the period (7,321) (7,533) Summarized statement of cash flows for the reporting period I-Systems Soluções de Infraestrutura S.A. Nine months ended September 30, September 30, 2023 2022 $’000 $’000 Cash flows generated from operating activities 44,425 50,769 Cash flows used in investing activities (77,685) (62,921) Cash flows generated from/(used in) financing activities 30,803 (70) Net decrease in cash and cash equivalents (2,457) (12,222)

Share-based payment obligation

Share-based payment obligation	9 Months Ended
Share-based payment obligation	Sep. 30, 2023
Share-based payment obligation
Share-based payment obligation	25. The total charge to the profit and loss for the nine months ended September 30, 2023 was $9.6 million (nine months ended September 30, 2022: $9.8 million), while the charge for the three months ended September 30, 2023 was $2.7 million (three months ended September 30, 2022: $4.1 million). In May 2023, a total of 2,132,134 options were awarded as part of the existing Omnibus employee share-based payment plan since December 31, 2022. September 2023 Valuation assumptions – Omnibus employee share-based payment scheme The Omnibus options issued were valued at $49.9 million at issue using a share price assumption of $5.27 - $11.55 depending on the grant date. The fair value of the RSUs and PSUs with non-market conditions determined using share price at grant date amounted to $22.7 million and $19.0 million respectively while the fair value of the PSUs with market conditions determined using the Monte Carlo model amounted to $8.2 million. At September 30, 2023 a forfeiture rate of 7% was assumed resulting in an expected charge over the remaining term of the options of $19.6 million. No dividend was taken into account in performing the valuation since IHS Holding Limited has never paid dividends and no dividends are planned to be paid in the near future.

Cash from operations

Cash from operations	9 Months Ended
Cash from operations	Sep. 30, 2023
Cash from operations
Cash from operations	26. Three months ended Nine months ended September 30, 2023 September 30, 2022* September 30, 2023 September 30, 2022* $’000 $’000 $’000 $’000 Reconciliation: Loss before taxation (248,692) (93,952) (1,416,741) (224,048) Adjustments Depreciation of property, plant and equipment (note 6 and 7) 92,594 105,195 302,285 305,558 Amortization of intangible assets (note 6 and 7) 12,337 12,279 38,096 34,615 Net impairment of property, plant and equipment, intangibles fixed assets and prepaid land rent (note 6) 103,429 3,099 108,510 1,768 Loss allowance/(reversal of loss allowance) on trade receivables (note 8) 711 (1,597) 5,225 (3,397) Impairment of withholding tax receivables (note 7) 10,508 11,422 35,112 39,141 Amortization of prepaid site rent 2,789 2,796 7,918 6,957 Net (gain)/loss on disposal of plant, property and equipment (note 7) (386) (134) (952) 13,650 Insurance income (note 9) (32) (70) (310) (1,686) Finance costs (note 11) 261,993 234,223 1,804,222 574,081 Finance income (note 10) (5,823) (6,412) (18,233) (11,035) Impairment of inventory — — — 138 Share‑based payment expense (note 7) 2,654 4,127 9,571 9,752 Operating profit before working capital changes 232,082 270,976 874,703 745,494 Changes in working capital Increase in inventory (29,221) (10,373) (4,683) (30,094) (Increase)/decrease in trade and other receivables (61,968) 12,702 (199,210) (169,833) Increase in trade and other payables 93,544 20,885 79,618 132,032 Net movement in working capital 2,355 23,214 (124,275) (67,895) Cash from operations 234,437 294,190 750,428 677,599 *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Business Combinations

Business Combinations	9 Months Ended
Business Combinations	Sep. 30, 2023
Business Combinations
Business Combinations	27. For acquisitions that meet the definition of a business combination, the Group applies the acquisition method of accounting where assets acquired and liabilities assumed are recorded at fair value at the date of each acquisition, and the results of operations are included with those of the Group from the dates of the respective acquisitions. All acquisitions completed in 2022 met the definition of a business as defined, and were accounted for as business combinations with the exception of the additional stages of the Kuwait Acquisition completed in 2022 and 2023 which are accounted for as assets acquisitions. The Group completed an additional stage of the Kuwait Acquisition during the nine-month period ended September 30, 2023. MTN telecom towers in South Africa IHS Holding Limited, through its subsidiary IHS Towers South Africa Proprietary Limited, completed the acquisition of a portfolio of towers, comprising 5,691 towers, in South Africa from MTN South Africa on May 31, 2022, which includes an agreement to provide Managed Services, including to approximately 7,100 additional MTN South Africa sites. IHS will own 70% of the South African towers business with the remaining 30% to be owned by a B-BBEE consortium. At the date of issue of these financial statements, IHS owns 100% of the business as the transfer of the non-controlling interest has not been finalized and hence no non-controlling interest has been recognized. The goodwill of $64.4 million includes goodwill attributable to a new market penetration for the Group. None of the goodwill recognized is currently expected to be deductible for income tax purposes. The acquisition accounting was completed in May 2023. As IFRS 3 requires fair value adjustments to be recorded with effect from the date of acquisition, this requires re-presentation of previously reported financial results. The following table summarizes the consideration paid and the assets acquired at the acquisition date, and the amounts of revenue and loss of the acquiree since the acquisition date included in the condensed consolidated statement of loss and other comprehensive income/(loss). As reported As re-presented 2022 Adjustments 2022 $’000 $’000 $’000 Gross consideration 421,239 — 421,239 Net cash consideration 421,239 — 421,239 Identifiable assets acquired and liabilities assumed: Towers and tower equipment 251,683 — 251,683 Customer related intangible asset 127,957 (6,492) 121,465 Network related intangible asset 67,837 1,904 69,741 Right of use asset 211,315 621 211,936 Lease liabilities (211,315) (621) (211,936) Deferred tax (52,864) 1,239 (51,625) Provisions for other liabilities and charges (34,419) — (34,419) Total identifiable net assets acquired 360,194 (3,349) 356,845 Goodwill 61,045 3,349 64,394 Revenue — post‑acquisition 40,927 Loss — post‑acquisition (17,724) São Paulo Cinco Locação de Torres Ltda. IHS Holding Limited acquired 100% of the share capital of São Paulo Cinco Locação de Torres Ltda. (“GTS SP5”) on March 17, 2022. The acquisition is consistent with the Group’s strategy to expand in the Latin American region. The goodwill of $54.6 million arising from the acquisition is attributable to the enhanced market presence in Brazil, the complementary service offering and closer alignment to certain customers as it relates to their future deployments. The goodwill recognized is currently expected to be deductible for income tax purposes. The following table summarizes the consideration paid and the fair value of assets and liabilities acquired at the acquisition date including right of use assets relating to leases which were fully pre-paid prior to acquisition, and the amounts of revenue and profit of the acquiree from the acquisition date included in the condensed consolidated statement of loss and other comprehensive income/(loss). 2022 $’000 Gross consideration 317,188 Less: cash in business at the date of acquisition (1,896) Net cash consideration 315,292 Identifiable assets acquired and liabilities assumed: Towers and tower equipment 13,395 Land 885 Customer related intangible asset 48,353 Network related intangible asset 2,520 Right of use asset 266,666 Trade and other receivables 23,575 Lease liabilities (4,282) Trade and other payables (4,222) Deferred tax (86,239) Total identifiable net assets acquired 260,651 Goodwill 54,641 Revenue — post‑acquisition 23,287 Profit — post‑acquisition* 6,340 * IHS Kuwait Limited In the 2020 financial year IHS GCC KW Holding Limited (‘IHS GCC KW’), a subsidiary of IHS Holding Limited completed the first two stages of the acquisition of 1,620 towers from Mobile Telecommunications Company K.S.C.P. (‘Zain Kuwait’) comprising 1,162 towers. During April 2021, October 2021, September 2022 and August 2023 IHS GCC KW completed the third, fourth, fifth and sixth stages of the acquisition of 1,620 towers from Zain Kuwait comprising 67, 126, 43 and 101 towers respectively. The remaining 121 towers are managed and operated under a Managed Services agreement until such time as these towers can legally be transferred. IHS GCC KW transferred the purchase right to IHS Kuwait Limited for the Construction, Erection and Maintenance of Wired and Wireless Communication and Radar Towers and Stations with Limited Liability (‘IHS Kuwait’) who operates the towers as a standalone business. As part of the agreement, IHS Kuwait also assumed existing supplier contracts and land leases, allowing it to apply the Group business processes and deliver services immediately after the assignment of the towers. As part of the agreement, Zain Kuwait subscribed for shares in IHS GCC KW representing 30% of the share capital of IHS GCC KW by issuing a loan note to IHS GCC KW. The acquisition is consistent with the Group’s strategy to expand in selected geographic areas. The following table summarizes the consideration paid and the fair value of assets and liabilities acquired at the acquisition date of the 43 and 101 towers acquired in 2022 and 2023 respectively, and the amounts of revenue and profit/(loss) of the acquiree since the acquisition date included in the condensed consolidated statement of loss and other comprehensive income/(loss). 2023 2022 $’000 $’000 Gross consideration 6,408 2,729 Less: consideration received in exchange for a retained 30% interest (by Zain) in IHS GCC KW (1,922) (819) Net cash consideration for 70% controlling interest 4,486 1,910 Identifiable assets acquired and liabilities assumed: Towers and tower equipment 5,576 1,032 Customer-related assets 2,224 1,947 Network-related assets 766 671 Trade and other payables (2,158) (921) Total identifiable net assets acquired (at 100% ) 6,408 2,729 Goodwill — — Determination of non-controlling interest Total identifiable net assets acquired (at 100%) 6,408 2,729 6,408 2,729 Non-controlling interest portion of above at 30% 1,922 819 Revenue — post‑acquisition n.a. n.a. Profit/(loss) — post‑acquisition n.a. n.a.

Capital commitments and conting

Capital commitments and contingent liabilities	9 Months Ended
Capital commitments and contingent liabilities	Sep. 30, 2023
Capital commitments and contingent liabilities.
Capital commitments and contingent liabilities	28. 28.1 The Group was committed to the purchase of property, plant and equipment of approximately $232.1 million at September 30, 2023 (December 31, 2022: $337.0 million). 28.2 The Group has contingent liabilities in respect of legal claims arising in the ordinary course of business. The Group reviews these matters in consultation with internal and external legal counsel to make a determination on a case-by-case basis whether a loss from each of these matters is probable, possible or remote. The Group’s contingent liabilities in respect of litigations and claims amounted to $13.1 million at the end of the reporting period (December 31, 2022: $3.8 million). Based on legal advice received, claims against the Group are not considered probable, thus no provisions have been made in these financial statements.

Events after the reporting peri

Events after the reporting period	9 Months Ended
Events after the reporting period	Sep. 30, 2023
Events after the reporting period
Events after the reporting period	29. Events after the reporting period (a) IHS Holding Bullet Term Loan Facility In October 2023, the available commitments under the IHS Holding 2022 Term Loan were voluntarily reduced by $100.0 million and the availability period on the remaining balance of $130.0 million in available commitments was extended to April 2024 from October 2023. (b) IHS Holding RCF extension In November 2023, the IHS Holding RCF termination date was further extended to October 30, 2026. (c) IHS South Africa Overdraft IHS Towers South Africa Proprietary Limited entered into a ZAR 350.0 million (approximately $18.5 million) overdraft facility agreement in October 2023 (the “IHS SA Overdraft”). The IHS SA Overdraft is governed by South African law and funds borrowed under the facility will be applied towards general corporate purposes. The IHS SA Overdraft will terminate in October 2024. As of November 13, 2023, ZAR 117.9 million (approximately $6.2 million) has been drawn down under this facility.

Significant accounting polici_2

Significant accounting policies (Policies)	9 Months Ended
Significant accounting policies (Policies)	Sep. 30, 2023
Significant accounting policies
Basis of preparation	2.1 The financial statements for the three and nine months ended September 30, 2023, have been prepared in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’ (IAS 34), as issued by the International Accounting Standards Board (IASB). The financial statements do not amount to full financial statements and do not include all of the information and disclosures required for full annual financial statements. It should be read in conjunction with the consolidated annual financial statements of the Group for the year ended December 31, 2022, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB, as noted within note 2.1 of the consolidated annual financial statements. In management’s opinion, the accompanying financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of September 30, 2023, and its results of operations for the three and nine months ended September 30, 2023, and 2022, cash flows for the three and nine months ended September 30, 2023, and 2022, and statement of changes in equity for the nine months ended September 30, 2023 and 2022. Certain amounts in the prior periods have been reclassified to conform to the current year presentation. The condensed consolidated statement of financial position as at December 31, 2022, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements.
Approval	2.2 These condensed consolidated interim financial statements were authorized and approved for issue on November 13, 2023.
Income tax	2.3 Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual profit or loss.
Changes in accounting policies and disclosures	2.4 The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except the new standards, amendments and interpretations adopted by the Group during the period. New standards, amendments and interpretations adopted by the Group The Group has applied the following standards and amendments for the first time for its interim reporting period commencing January 1, 2023: ● IFRS 17 Insurance Contracts ● Definition of Accounting Estimates - Amendments to IAS 8 ● Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 ● Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 ● International Tax Reform – Pillar Two Model Rules – Amendments to IAS 12 The amendments to standards listed above did not have any material impact on the Group’s interim financial statements. However, the Group is in the process of analyzing the impact of the amendments to IAS 12 which are expected to impact the gross values of deferred tax assets and deferred tax liabilities disclosed in the notes to the annual financial statements at year end. Other than this, we do not expect this amendment to have any material impact on the net assets of the Group. The Organisation for Economic Co-operation and Development (OECD) has published Pillar Two Global Anti-Base Erosion Rules (GloBE) relating to global minimum taxation. These will apply to the Group from the year ended December 31, 2024 because the UK has enacted the relevant legislation, which will apply to UK tax resident companies, such as IHS Holding Limited, and its subsidiaries. The GLoBE rules will apply a minimum 15% income tax rate applicable in each jurisdiction in which the Group operates. The International Accounting Standards Board has amended IAS 12 ‘Income Taxes’ to include a mandatory exemption from recognizing deferred tax and liabilities relating to Pillar Two income taxes. The quantitative impact on the Group is still under investigation. There are no new standards, amendments and interpretations not yet adopted by the Group.
Segment reporting	2.5 Operating segments are components of IHS’ business activities about which separate financial statements are available and reported internally to the chief operating decision maker. The Group’s Executive Committee has been identified as the chief operating decision maker, responsible for allocating resources and assessing performance of the operating segments. The Group’s Executive Committee currently consists of the Chief Executive Officer (“CEO”), the Chief Operating Officer (“COO”), the Chief Financial Officer (“CFO”), the General Counsel, the IHS Nigeria CEO, the Chief Human Resource Officer and the Executive Vice President of Communications. Where operating segments share similar characteristics, they have been aggregated into reportable segments, of which the Group has identified four: Nigeria, Sub-Saharan Africa (“SSA”), Middle East and North Africa (“MENA”) and Latin America (“Latam”).

Capital risk management (Tables

Capital risk management (Tables)	9 Months Ended
Capital risk management (Tables)	Sep. 30, 2023
Capital risk management
Schedule of financial instruments measured at fair value	September 30, 2023 Level 1 Level 2 Total $’000 $’000 $’000 Fair value through other comprehensive income financial assets 10 — 10 Interest rate caps (note 16) — 1,099 1,099 Embedded options within listed bonds (note 16) — 790 790 Foreign exchange swaps (note 16) — (51,887) (51,887) 10 (49,998) (49,988) December 31, 2022 Level 1 Level 2 Total $’000 $’000 $’000 Fair value through other comprehensive income financial assets 10 — 10 Interest rate caps (note 16) — 821 821 Embedded options within listed bonds (note 16) — 5,300 5,300 Foreign exchange swaps (note 16) — (1,393) (1,393) 10 4,728 4,738
Schedule of fair value estimation	At September 30, 2023 At December 31, 2022 Carrying Fair Carrying Fair Value Value Value Value $’000 $’000 $’000 $’000 Financial liabilities Bank and bond borrowings (note 19) 3,542,155 3,165,109 3,344,402 3,116,193 3,542,155 3,165,109 3,344,402 3,116,193

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
Segment reporting (Tables)	Sep. 30, 2023
Segment reporting
Schedule of summarized financial information	Summarized financial information for the nine months ended September 30, 2023 is as follows: 2023 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 1,060,964 379,034 145,876 29,881 — 1,615,755 Segment Adjusted EBITDA 668,330 194,701 104,665 14,205 (110,694) 871,207 Depreciation and amortization (note 6 and 7) (340,381) Net gain on disposal of property, plant and equipment (note 7) 952 Insurance claims (note 9) 310 Net impairment of property, plant and equipment and prepaid land rent (note 6) (108,510) Impairment of withholding tax receivables (note 7) (35,112) Business combination transaction costs (note 7) (1,647) Other costs (a) (8,059) Share‑based payment expense (note 7) (9,571) Finance income (note 10) 18,233 Finance costs (note 11) (1,804,222) Other income (note 9) 59 Loss before income tax (1,416,741) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations — — — 8,566 - in the normal course of business 253,146 81,158 172,867 15,039 Segment assets (at September 30, 2023) 1,640,741 1,401,864 2,137,361 185,536 Segment liabilities (at September 30, 2023) 951,848 819,213 728,975 113,263 (a) Other costs for the nine months ended September 30, 2023 included one-off consulting fees related to corporate structures and operating systems of $4.5 million, one-off consulting services of $1.7 million and one-off professional fees related to financing of $0.2 million. Summarized financial information for the nine months ended September 30, 2022 is as follows: 2022 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 997,132 295,331 116,117 26,552 — 1,435,132 Segment Adjusted EBITDA* 596,756 163,511 83,010 11,616 (96,416) 758,477 Depreciation and amortization (note 6 and 7) (340,173) Net loss on disposal of property, plant and equipment (note 7) (13,650) Insurance claims (note 9) 1,686 Net reversal of impairment of property, plant and equipment and prepaid land rent (note 6) (1,768) Impairment of withholding tax receivables (note 7) (39,141) Business combination transaction costs (note 7) (17,928) Other costs (a) (1,274) Share‑based payment expense (note 7) (9,752) Finance income (note 10) 11,035 Finance costs (note 11) (574,081) Other income (note 9) 2,521 Loss before income tax (224,048) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations* — 719,219 386,460 3,650 - in the normal course of business 226,858 83,876 93,822 18,569 Segment assets (at September 30, 2022)* 2,374,490 1,596,906 1,884,223 177,746 Segment liabilities (at September 30, 2022)* 968,530 897,690 498,806 108,558 (a) Other costs for the nine months ended September 30, 2022 included professional costs related to Sarbanes-Oxley (SOX) implementation costs of $1.0 million along with professional fees and system implementation costs. re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and the MTN SA Acquisition in May 2022. Summarized financial information for the three months ended September 30, 2023 is as follows: 2023 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 271,394 133,481 51,883 10,265 — 467,023 Segment Adjusted EBITDA 158,003 66,285 38,163 5,155 (35,653) 231,953 Depreciation and amortization (note 6 and 7) (104,931) Net loss on disposal of property, plant and equipment (note 7) 386 Insurance claims (note 9) 32 Net impairment of property, plant and equipment and prepaid land rent (note 6) (103,429) Impairment of withholding tax receivables (note 7) (10,508) Business combination transaction costs (note 7) (161) Other costs (a) (3,211) Share‑based payment expense (note 7) (2,654) Finance income (note 10) 5,823 Finance costs (note 11) (261,993) Other income (note 9) 1 Loss before income tax (248,692) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations — — — 8,566 - in the normal course of business 51,631 28,005 82,060 6,227 Segment assets (at September 30, 2023) 1,640,741 1,401,864 2,137,361 185,536 Segment liabilities (at September 30, 2023) 951,848 819,213 728,975 113,263 (a) Other costs for the three months ended September 30, 2023 included one-off consulting fees related to corporate structures and operating systems of $1.7 million and one-off consulting services of $0.7 million . Summarized financial information for the three months ended September 30, 2022 is as follows: 2022 Nigeria SSA Latam MENA Other Total $’000 $’000 $’000 $’000 $’000 $’000 Revenues from external customers 355,351 114,801 42,104 9,061 — 521,317 Segment Adjusted EBITDA 210,039 63,521 29,993 3,828 (32,953) 274,428 Depreciation and amortization (note 6 and 7) (117,474) Net loss on disposal of property, plant and equipment (note 7) 134 Insurance claims (note 9) 70 Net reversal of impairment of property, plant and equipment and prepaid land rent (note 6) (3,099) Impairment of withholding tax receivables (note 7) (11,422) Business combination transaction costs (note 7) (3,685) Other costs (a) (966) Share‑based payment expense (note 7) (4,127) Finance income (note 10) 6,412 Finance costs (note 11) (234,223) Loss before income tax (93,952) Additions of property, plant and equipment, right of use assets and intangible assets: - through business combinations* — — — 3,650 - in the normal course of business 98,669 31,705 42,696 6,223 Segment assets (at September 30, 2022)* 2,374,490 1,596,906 1,884,223 177,746 Segment liabilities (at September 30, 2022)* 968,530 897,690 498,806 108,558 (a) Other costs for the three months ended September 30, 2022 included professional costs related to SOX implementation costs of $0.4 million, professional fees related to financing costs of $0.2 million and system implementation costs of $0.4 million. *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the TIM Fiber Acquisition in November 2021, the GTS SP5 Acquisition in March 2022 and the MTN SA Acquisition in May 2022.
Schedule of revenue from tier one customers	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 Customer A 63 % 63 % 60 % 63 % Customer B 14 % 14 % 16 % 17 %

Cost of sales (Tables)

Cost of sales (Tables)	9 Months Ended
Cost of sales (Tables)	Sep. 30, 2023
Cost of sales [abstract]
Schedule of cost of sales	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022* 2023 2022* $’000 $’000 $’000 $’000 Tower repairs and maintenance 20,364 25,134 77,762 68,391 Power generation 89,883 113,604 303,815 305,858 Short term rental 2,605 3,401 8,195 13,616 Vehicle maintenance and repairs 495 439 1,556 1,473 Site regulatory permits 9,365 8,593 30,562 26,634 Security services 9,650 12,375 33,756 31,713 Insurance 1,081 1,353 3,635 3,750 Staff costs 7,240 8,454 25,385 23,664 Travel costs 1,753 2,195 7,967 3,436 Professional fees 905 943 2,106 2,846 Depreciation (note 14)** 89,850 102,929 293,784 298,901 Amortization (note 15) 10,908 11,381 33,871 30,317 Net impairment of property, plant and equipment, intangibles fixed assets and prepaid land rent 103,429 3,099 108,510 1,768 Other 17,504 3,698 18,870 6,430 365,032 297,598 949,774 818,797 Foreign exchange gains and losses on cost of sales are included in Other. re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022. *

Administrative expenses (Tables

Administrative expenses (Tables)	9 Months Ended
Administrative expenses (Tables)	Sep. 30, 2023
Administrative expenses.
Schedule of administrative expenses	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Facilities, short term rental and upkeep 8,822 8,953 30,010 25,844 Depreciation (note 14) 2,744 2,266 8,501 6,657 Amortization (note 15) 1,429 898 4,225 4,298 Travel costs 3,640 4,225 10,318 10,884 Staff costs 38,210 34,323 114,765 96,172 Key management compensation 4,674 5,491 12,914 13,814 Share‑based payment expense (note 25) 2,654 4,127 9,571 9,752 Professional fees 14,231 9,628 43,634 28,240 Business combination transaction costs 161 3,685 1,647 17,928 Impairment of withholding tax receivables* 10,508 11,422 35,112 39,141 Net (gain)/loss on disposal of property, plant and equipment (386) (134) (952) 13,650 Operating taxes 266 228 382 569 Other 6,882 6,415 21,750 17,992 93,835 91,527 291,877 284,941 Foreign exchange gains and losses on administrative expenses are included in Other. *Withholding tax receivables were impaired following the Group’s assessment of the recoverability of withholding tax assets based on a five-year cash flow projection and an analysis of the utilization of withholding tax balances against future income tax liabilities.

Other income (Tables)

Other income (Tables)	9 Months Ended
Other income (Tables)	Sep. 30, 2023
Other income.
Schedule of other income	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Insurance claims 32 70 310 1,686 Other income 1 — 59 2,521 33 70 369 4,207

Finance Income (Tables)

Finance Income (Tables)	9 Months Ended
Finance Income (Tables)	Sep. 30, 2023
Finance income.
Schedule of finance income	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Interest income—bank deposits 5,761 3,364 17,338 10,380 Net foreign exchange gain on derivative instruments—unrealized — 1,263 — — Net foreign exchange gain on derivative instruments—realized — 1,785 420 655 Fair value gain on interest rate caps 62 — 475 — 5,823 6,412 18,233 11,035

Finance Costs (Tables)

Finance Costs (Tables)	9 Months Ended
Finance Costs (Tables)	Sep. 30, 2023
Finance costs.
Schedule of finance costs	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022* 2023 2022* $’000 $’000 $’000 $’000 Interest expenses—third party loans 95,500 70,149 270,491 180,463 Interest expense - withholding tax paid on bond interest 4,233 4,233 10,974 8,597 Unwinding of discount on decommissioning liability 2,360 2,556 6,941 5,223 Interest and finance charges paid/payable for lease liabilities 16,121 14,013 47,323 36,813 Net foreign exchange loss arising from financing—unrealized 118,485 81,964 1,268,855 43,302 Net foreign exchange loss arising from financing—realized 10,325 56,966 117,377 120,655 Net foreign exchange loss on derivative instruments—unrealized 3,247 — 65,356 2,111 Fair value loss on embedded options 5,260 620 4,510 162,950 Fees on loans and financial derivatives 6,462 3,722 12,395 13,967 261,993 234,223 1,804,222 574,081 *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Taxation (Tables)

Taxation (Tables)	9 Months Ended
Taxation (Tables)	Sep. 30, 2023
Income Tax Expense
Schedule of income tax expense	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022* 2023 2022* $’000 $’000 $’000 $’000 Current taxes on income 28,567 31,897 91,484 83,905 Deferred income taxes (11,908) (89,201) (2,366) (107,850) Total taxes 16,659 (57,304) 89,118 (23,945)

Loss per share (Tables)

Loss per share (Tables)	9 Months Ended
Loss per share (Tables)	Sep. 30, 2023
Income per share
Schedule of basic and diluted net income/(loss) per common share	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022* 2023 2022* Loss attributable to equity holders ($’000) (265,351) (36,648) (1,505,859) (200,103) Less: allocation of loss to non‑controlling interest ($’000) (1,974) (5,946) (8,334) (9,162) Loss attributable to IHS common shareholders ($’000) (263,377) (30,702) (1,497,525) (190,941) Basic weighted average shares outstanding (‘000) 334,046 331,688 333,388 330,913 Potentially dilutive securities (‘000) 1,811 3,446 2,079 3,381 Potentially dilutive weighted average common shares outstanding (‘000) 335,857 335,134 335,467 334,294 Loss per share: Basic loss per share ($) (0.79) (0.09) (4.49) (0.58) Diluted loss per share ($) (0.79) (0.09) (4.49) (0.58)

Property, plant and equipment (

Property, plant and equipment (Tables)	9 Months Ended
Property, plant and equipment (Tables)	Sep. 30, 2023
Property, plant and equipment.
Schedule of property, plant and equipment	Total (excluding Towers Land Furniture Capital Right of and tower Fiber and and office Motor work in use Right of equipment assets buildings equipment vehicles progress asset) use assets $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Cost At January 1, 2022 2,829,528 250,690 56,268 22,198 23,458 146,353 3,328,495 650,504 Additions during the year * (20,994) 70,905 1,489 7,453 6,961 350,512 416,326 100,832 Additions through business combinations (note 27) /*** 266,110 — 885 — — — 266,995 478,602 Reclassification 176,625 10,991 1,992 4,231 — (193,839) — — Transfer from advance payments 100,578 16,412 6,754 33 — 2,008 125,785 — Disposals* (239,350) — — (459) (1,286) — (241,095) (17,755) Effects of movement in exchange rates *** (150,930) 15,184 (3,802) (1,148) (1,856) (17,876) (160,428) (47,003) At December 31, 2022* 2,961,567 364,182 63,586 32,308 27,277 287,158 3,736,078 1,165,180 At January 1, 2023 2,961,567 364,182 63,586 32,308 27,277 287,158 3,736,078 1,165,180 Additions during the period * 38,285 13,634 1,044 2,573 3,429 305,181 364,146 88,794 Additions through business combinations (note 27) *** 5,576 — — — — — 5,576 — Reclassification 119,159 67,095 6,422 (2,883) 84 (189,877) — — Transfer from advance payments 41,889 980 1,924 — — 16,266 61,059 — Disposals* (4,950) (35,571) — (1,176) (1,625) — (43,322) (25,511) Effects of movement in exchange rates (732,553) (5,911) (24,319) (6,403) (8,335) (129,350) (906,871) (123,332) Reclassified to assets held for sale (102,135) — — — — — (102,135) — At September 30, 2023 2,326,838 404,409 48,657 24,419 20,830 289,378 3,114,531 1,105,131 Accumulated depreciation and impairment At January 1, 2022 1,575,315 5,354 1,637 17,157 14,771 — 1,614,234 129,853 Charge for the year** 268,999 54,152 315 5,800 4,610 — 333,876 88,615 Impairment 34,702 201 — — — — 34,903 3,151 Disposals* (234,117) — — (301) (1,272) — (235,690) (13,237) Effects of movement in exchange rates *** (83,573) (675) (119) (1,219) (1,100) — (86,686) (8,221) At December 31, 2022* 1,561,326 59,032 1,833 21,437 17,009 — 1,660,637 200,161 At January 1, 2023 1,561,326 59,032 1,833 21,437 17,009 — 1,660,637 200,161 Charge for the period 174,967 48,207 263 2,859 3,115 — 229,411 73,247 Net impairment 77,896 464 — — — — 78,360 1,277 Disposals* (4,034) (34,506) — (1,168) (1,520) — (41,228) (14,315) Effects of movement in exchange rates (478,469) 1,871 (763) (3,824) (4,835) — (486,020) (38,473) Reclassified to assets held for sale (80,996) — — — — — (80,996) — At September 30, 2023 1,250,690 75,068 1,333 19,304 13,769 — 1,360,164 221,897 Net book value At December 31, 2022**** 1,400,241 305,150 61,753 10,871 10,268 287,158 2,075,441 965,019 At September 30, 2023 1,076,148 329,341 47,324 5,115 7,061 289,378 1,754,367 883,234 The disposals value of right of use assets represents disposals due to terminated leases and the impact of remeasurement of lease assets as a result of changes in lease terms. The charge for the period does not agree to the charge in the condensed consolidated statement of loss and other comprehensive income/(loss) due to the indirect taxes benefit of $0.4 million in IHS Brasil Cessão de Infraestruturas S.A. claimed through depreciation over the useful life of the asset. Includes net movements in assets relating to the decommissioning and site restoration provision. Includes subsequent asset acquisitions on business combination transactions. ***re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Goodwill and other intangible_2

Goodwill and other intangible assets (Tables)	9 Months Ended
Goodwill and other intangible assets (Tables)	Sep. 30, 2023
Goodwill and other intangible assets
Summary of goodwill and intangible asset	Customer ‑ Network ‑ related related intangible intangible Goodwill assets assets Licenses Software Total $’000 $’000 $’000 $’000 $’000 $’000 Cost At January 1, 2022 780,147 877,764 107,202 17,706 23,798 1,806,617 Additions during the year — — — 14,772 6,413 21,185 Additions through business combinations (note 27)/ 119,035 171,765 72,932 — — 363,732 Disposals — — — (4) (395) (399) Effects of movement in exchange rates * (13,543) (18,163) (4,844) (1,886) (572) (39,008) At December 31, 2022* 885,639 1,031,366 175,290 30,588 29,244 2,152,127 At January 1, 2023 885,639 1,031,366 175,290 30,588 29,244 2,152,127 Additions during the period — — — 3,007 8,970 11,977 Additions through business combinations (note 27) — 2,224 766 — — 2,990 Disposals — — — (17) (13,014) (13,031) Effects of movement in exchange rates (119,909) (115,330) (15,640) (1,096) (4,066) (256,041) At September 30, 2023 765,730 918,260 160,416 32,482 21,134 1,898,022 Accumulated amortization and impairment At January 1, 2022 251 131,568 21,885 6,877 20,411 180,992 Charge for the year — 36,169 6,936 2,598 1,627 47,330 Disposals — — — (4) (394) (398) Impairment charge for the year 121,596 — — — — 121,596 Effects of movement in exchange rates 404 (8,335) (1,245) (395) (313) (9,884) At December 31, 2022 122,251 159,402 27,576 9,076 21,331 339,636 At January 1, 2023 122,251 159,402 27,576 9,076 21,331 339,636 Charge for the period — 26,094 5,515 4,776 1,711 38,096 Disposals — — — (17) (13,008) (13,025) Impairment charge for the year — 28,873 — — — 28,873 Effects of movement in exchange rates 4,941 (37,430) (6,464) (129) (3,835) (42,917) At September 30, 2023 127,192 176,939 26,627 13,706 6,199 350,663 Net book value At December 31, 2022*** 763,388 871,964 147,714 21,512 7,913 1,812,491 At September 30, 2023 638,538 741,321 133,789 18,776 14,935 1,547,359 Network-related intangible assets represent future income from leasing excess tower capacity to new Tenants. Customer-related intangible assets represent customer contracts and relationships. Includes subsequent asset acquisitions on business combination transactions. The carrying amount of the IHS Latam tower business group of CGUs was reduced to its recoverable amount through the recognition of an impairment loss against goodwill. **re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. The impairment in the period ended September 30, 2023 of $28.9 million relates to a revaluation of the Customer-related assets in the SSA segment following the classification of power equipment assets as held for sale. Refer to note 14.

Derivative financial instrume_2

Derivative financial instruments (Tables)	9 Months Ended
Derivative financial instruments (Tables)	Sep. 30, 2023
Derivative financial instruments
Schedule of contractual notional amount for the derivative instruments	September 30, December 31, 2023 2022 $’000 $’000 Derivative instruments Foreign exchange swaps 125,000 160,448 Embedded options within listed bonds 1,940,000 1,940,000 2,065,000 2,100,448
Schedule of fair value of derivative instruments	September 30, December 31, 2023 2022 $’000 $’000 Derivative instruments Foreign exchange swaps (51,887) (1,393) Interest rate caps 1,099 821 Embedded options within listed bonds 790 5,300 (49,998) 4,728
Schedule of changes in fair value of derivative instruments	Three months ended Nine months ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Derivative instruments Foreign exchange swaps/non-deliverable forwards (3,247) 1,263 (65,356) (2,111) Interest rate caps 62 — 475 — Embedded options within listed bonds (5,260) (620) (4,510) (162,950) (8,445) 643 (69,391) (165,061)

Trade and other receivables (Ta

Trade and other receivables (Tables)	9 Months Ended
Trade and other receivables (Tables)	Sep. 30, 2023
Trade and other receivables
Trade and other receivables	September 30, December 31, 2023 2022 $’000 $’000 Current Trade receivables 196,881 236,390 Less: impairment provisions (19,767) (25,365) Net trade receivables* 177,114 211,025 Other receivables** 386,305 387,019 Prepaid land rent 1,108 1,030 Other prepaid expenses 23,116 26,820 Advance payments 27,663 22,076 Withholding tax 1,133 1,201 VAT receivables 12,806 14,296 629,245 663,467 Non ‑ current Accrued income and lease incentive 62,989 35,321 Other tax receivables 7,021 5,945 Payment in advance for property, plant and equipment 77,781 83,118 Contingent consideration receivable 6,181 5,963 153,972 130,347 The fair value is equal to their carrying amount. *Included in other receivables are margins on non-deliverable forward contracts and short-term fixed deposits which are not classified as cash and cash equivalents as it exceeds the three-month maturity period.

Trade and other payables (Table

Trade and other payables (Tables)	9 Months Ended
Trade and other payables (Tables)	Sep. 30, 2023
Trade and other payables.
Schedule of trade and other payables	September 30, December 31, 2023 2022 $’000 $’000 Current Trade payables 356,145 442,959 Deferred revenue 63,941 86,363 Withholding tax payable 6,801 5,820 Payroll and other related statutory liabilities 40,228 45,331 VAT payables 29,416 51,103 Other payables 73,230 37,573 569,761 669,149 Non ‑ current Other payables 5,493 1,459 5,493 1,459

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
Borrowings (Tables)	Sep. 30, 2023
Borrowings.
Schedule of external debt classification	September 30, December 31, 2023 2022 $’000 $’000 Non ‑ current Senior Notes 1,928,762 1,920,783 Bank borrowings 1,155,452 985,505 External debt 3,084,214 2,906,288 Current Senior Notes 22,692 27,060 Bank borrowings 92,721 213,576 Letters of credit 342,528 197,478 External debt 457,941 438,114 Total borrowings 3,542,155 3,344,402
Schedule of debt by debt instrument	September 30, December 31, Currency Maturity date Interest rate 2023 2022 $’000 $’000 Senior notes IHS Holding Limited US Dollar 2026 5.63 % 505,623 497,861 IHS Holding Limited US Dollar 2028 6.25 % 506,214 497,979 IHS Netherlands Holdco B.V. US Dollar 2027 8.00 % 939,617 952,003 Bank borrowings IHS Holding Term Loan US Dollar 2025 3.75 % + CAS + 3M SOFR 370,433 368,630 IHS (Nigeria) Limited Nigerian Naira 2023 12.50 -18.00% — 57,448 INT Towers Ltd Nigerian Naira 2024 2.50 % + 3M NIBOR — 191,188 INT Towers Ltd Nigerian Naira 2028 20.00 % 218,634 — IHS Côte d'Ivoire Ltd CFA Franc 2024 5.00 % 9,410 18,854 IHS Côte d'Ivoire Ltd Euro 2024 3.00 % + 3M EURIBOR 6,993 14,217 IHS Zambia Ltd US Dollar 2027 5.00 % + CAS + 3M SOFR 85,763 94,596 IHS Brasil - Cessão de Infraestruturas S.A. Brazilian Real 2031 3.10 % + CDI 234,740 — IHS Brasil - Cessão de Infraestruturas S.A. Brazilian Real 2029 3.65 % + CDI — 68,591 IHS Brasil - Cessão de Infraestruturas S.A. Brazilian Real 2028 3.05 % + CDI — 82,928 I-Systems Soluções de Infraestrutura S.A. Brazilian Real 2030 2.45 - 2.50% + CDI 78,615 38,542 IHS Kuwait Limited Kuwait Dinar 2029 2.00 % + 3M KIBOR 62,916 66,251 IHS Towers South Africa Proprietary Limited South African Rand 2029 2.75 % + 3M JIBAR 180,669 197,836 Letters of credit IHS (Nigeria) Limited US Dollar 2023 12.00 - 15.55% 101,559 66,047 INT Towers Ltd US Dollar 2023 12.00 - 15.75% 238,010 128,063 IHS Towers NG Limited US Dollar 2023 15.49 % 136 987 Global Independent Connect Limited US Dollar 2023 13.25 - 15.49% 2,823 1,330 Global Independent Connect Limited Chinese Yuan 2023 12.05 % — 1,051 3,542,155 3,344,402

Lease liabilities (Tables)

Lease liabilities (Tables)	9 Months Ended
Lease liabilities (Tables)	Sep. 30, 2023
Lease liabilities.
Schedule of current and non current lease liabilities	September 30, December 31, 2023 2022* $’000 $’000 Current 86,898 87,240 Non‑current 507,008 518,318 Total lease liabilities 593,906 605,558
Schedule of contractual maturities of the lease liabilities	Total Carrying contractual Within 2 ‑ 3 4 ‑ 5 Over 5 value cash flows 1 year years years years $’000 $’000 $’000 $’000 $’000 $’000 September 30, 2023 Lease liabilities 593,906 1,113,491 100,029 184,187 171,800 657,475 December 31, 2022* Lease liabilities 605,558 1,108,532 92,417 179,930 168,231 667,954 *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Provisions for other liabilit_2

Provisions for other liabilities and charges (Tables)	9 Months Ended
Provisions for other liabilities and charges (Tables)	Sep. 30, 2023
Provisions for other liabilities and charges
Schedule of decommissioning and site restoration provision	September 30, December 31, 2023 2022 $’000 $’000 At January 1 85,016 71,941 Additions through business combinations (note 27) — 34,419 Increase/(decrease) in provisions 625 (24,898) Payments for tower and tower equipment decommissioning (327) (343) Unwinding of discount 6,941 7,084 Effects of movement in exchange rates (7,135) (3,187) At end of period/year 85,120 85,016 Analysis of total decommissioning and site restoration provisions: Non‑current 84,811 84,533 Current 309 483 85,120 85,016

Stated capital (Tables)

Stated capital (Tables)	9 Months Ended
Stated capital (Tables)	Sep. 30, 2023
Stated capital
Schedule of stated capital	Ordinary Shares Share capital Share premium Number of net of net of shares Share capital issue costs Share Premium issue costs 000’s $’000 $’000 $’000 $’000 At December 31, 2022 331,920 100,141 99,576 5,241,836 5,212,377 Shares issued on exercise of options 2,221 666 666 88,766 88,766 Shares repurchased and cancelled through buyback program (948) (284) (284) (9,738) (9,738) At September 30, 2023 333,193 100,523 99,958 5,320,864 5,291,405

Other reserves (Tables)

Other reserves (Tables)	9 Months Ended
Other reserves (Tables)	Sep. 30, 2023
Other reserves.
Schedule of other reserves	Fair value through other Share ‑ Loss on Foreign comprehensive based transaction exchange income Restructuring payment between translation reserve reserve reserve owners reserve Total $’000 $’000 $’000 $’000 $’000 $’000 At January 1, 2022 (3) 4,019 176,698 (840,359) (183,266) (842,911) Other comprehensive income* — — — — 59,521 59,521 Options converted to shares — — (88,469) — — (88,469) Recognition of share‑based payment expense — — 13,423 — — 13,423 Other reclassifications related to share-based payment — — (2,835) — — (2,835) At December 31, 2022 (3) 4,019 98,817 (840,359) (123,745) (861,271) At January 1, 2023 (3) 4,019 98,817 (840,359) (123,745) (861,271) Other comprehensive income 7 — — — 621,355 621,362 Options converted to shares — — (89,432) — — (89,432) Recognition of share‑based payment expense — — 9,327 — — 9,327 Other reclassifications related to share based payment — — (1,426) — — (1,426) At September 30, 2023 4 4,019 17,286 (840,359) 497,610 (321,440) *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Non-controlling interest (Table

Non-controlling interest (Tables)	9 Months Ended
Non-controlling interest (Tables)	Sep. 30, 2023
Non-controlling interest.
Schedule of non controlling interests	Nine months ended September 30, September 30, 2023 2022 $’000 $’000 Balance at January 1 227,200 223,188 NCI arising on business combination* 1,922 831 Loss for the period (8,334) (9,162) Other comprehensive income 8,393 5,969 Balance at September 30 229,181 220,826 *Includes non-controlling interest arising on subsequent asset acquisitions on business combination transactions.
Schedule of summarized financial information of subsidiary	Summarized balance sheet I-Systems Soluções de Infraestrutura S.A. September 30, December 31, 2023 2022 $’000 $’000 Current assets 92,805 102,445 Current liabilities (45,907) (38,834) Current net assets 46,898 63,611 Non-current assets 503,575 462,122 Non-current liabilities (116,275) (92,453) Non-current net assets 387,300 369,669 Net assets 434,198 433,280 Accumulated non-controlling interest at the end of the period 212,757 212,307 Summarized statement of comprehensive income for the reporting period I-Systems Soluções de Infraestrutura S.A. Nine months ended September 30, September 30, 2023 2022 $’000 $’000 Revenue 52,677 41,502 Loss for the period (14,941) (15,373) Other comprehensive income 15,858 15,466 Total comprehensive income 917 93 Loss allocated to non-controlling interest during the period (7,321) (7,533) Summarized statement of cash flows for the reporting period I-Systems Soluções de Infraestrutura S.A. Nine months ended September 30, September 30, 2023 2022 $’000 $’000 Cash flows generated from operating activities 44,425 50,769 Cash flows used in investing activities (77,685) (62,921) Cash flows generated from/(used in) financing activities 30,803 (70) Net decrease in cash and cash equivalents (2,457) (12,222)

Cash from operations (Tables)

Cash from operations (Tables)	9 Months Ended
Cash from operations (Tables)	Sep. 30, 2023
Cash from operations
Schedule of cash flow from operations	Three months ended Nine months ended September 30, 2023 September 30, 2022* September 30, 2023 September 30, 2022* $’000 $’000 $’000 $’000 Reconciliation: Loss before taxation (248,692) (93,952) (1,416,741) (224,048) Adjustments Depreciation of property, plant and equipment (note 6 and 7) 92,594 105,195 302,285 305,558 Amortization of intangible assets (note 6 and 7) 12,337 12,279 38,096 34,615 Net impairment of property, plant and equipment, intangibles fixed assets and prepaid land rent (note 6) 103,429 3,099 108,510 1,768 Loss allowance/(reversal of loss allowance) on trade receivables (note 8) 711 (1,597) 5,225 (3,397) Impairment of withholding tax receivables (note 7) 10,508 11,422 35,112 39,141 Amortization of prepaid site rent 2,789 2,796 7,918 6,957 Net (gain)/loss on disposal of plant, property and equipment (note 7) (386) (134) (952) 13,650 Insurance income (note 9) (32) (70) (310) (1,686) Finance costs (note 11) 261,993 234,223 1,804,222 574,081 Finance income (note 10) (5,823) (6,412) (18,233) (11,035) Impairment of inventory — — — 138 Share‑based payment expense (note 7) 2,654 4,127 9,571 9,752 Operating profit before working capital changes 232,082 270,976 874,703 745,494 Changes in working capital Increase in inventory (29,221) (10,373) (4,683) (30,094) (Increase)/decrease in trade and other receivables (61,968) 12,702 (199,210) (169,833) Increase in trade and other payables 93,544 20,885 79,618 132,032 Net movement in working capital 2,355 23,214 (124,275) (67,895) Cash from operations 234,437 294,190 750,428 677,599 *re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
Business Combinations (Tables)	Sep. 30, 2023
IHS Kuwait acquisition of towers in Kuwait
Business Combinations
Disclosure of detailed information about asset acquisitions	2023 2022 $’000 $’000 Gross consideration 6,408 2,729 Less: consideration received in exchange for a retained 30% interest (by Zain) in IHS GCC KW (1,922) (819) Net cash consideration for 70% controlling interest 4,486 1,910 Identifiable assets acquired and liabilities assumed: Towers and tower equipment 5,576 1,032 Customer-related assets 2,224 1,947 Network-related assets 766 671 Trade and other payables (2,158) (921) Total identifiable net assets acquired (at 100% ) 6,408 2,729 Goodwill — — Determination of non-controlling interest Total identifiable net assets acquired (at 100%) 6,408 2,729 6,408 2,729 Non-controlling interest portion of above at 30% 1,922 819 Revenue — post‑acquisition n.a. n.a. Profit/(loss) — post‑acquisition n.a. n.a.
MTN telecom towers in South Africa
Business Combinations
Schedule of fair value adjustments in accordance with IFRS 3	As reported As re-presented 2022 Adjustments 2022 $’000 $’000 $’000 Gross consideration 421,239 — 421,239 Net cash consideration 421,239 — 421,239 Identifiable assets acquired and liabilities assumed: Towers and tower equipment 251,683 — 251,683 Customer related intangible asset 127,957 (6,492) 121,465 Network related intangible asset 67,837 1,904 69,741 Right of use asset 211,315 621 211,936 Lease liabilities (211,315) (621) (211,936) Deferred tax (52,864) 1,239 (51,625) Provisions for other liabilities and charges (34,419) — (34,419) Total identifiable net assets acquired 360,194 (3,349) 356,845 Goodwill 61,045 3,349 64,394 Revenue — post‑acquisition 40,927 Loss — post‑acquisition (17,724)
Sao Paulo Cinco Locacao de Torres Ltda (SP5)
Business Combinations
Summary of consideration paid and the fair value of assets and liabilities acquired at the acquisition date	2022 $’000 Gross consideration 317,188 Less: cash in business at the date of acquisition (1,896) Net cash consideration 315,292 Identifiable assets acquired and liabilities assumed: Towers and tower equipment 13,395 Land 885 Customer related intangible asset 48,353 Network related intangible asset 2,520 Right of use asset 266,666 Trade and other receivables 23,575 Lease liabilities (4,282) Trade and other payables (4,222) Deferred tax (86,239) Total identifiable net assets acquired 260,651 Goodwill 54,641 Revenue — post‑acquisition 23,287 Profit — post‑acquisition* 6,340

Significant accounting polici_3

Significant accounting policies (Details)	9 Months Ended
Significant accounting policies (Details)	Sep. 30, 2023 segment
Significant accounting policies
Number of reportable segments	4

Critical accounting estimates_2

Critical accounting estimates and assumptions (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Critical accounting estimates and assumptions
Cash and cash equivalents	$ 425,436	$ 433,048	$ 514,078	[1]	$ 530,468	$ 567,298	$ 916,488

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Capital risk management - Finan

Capital risk management - Financial instruments that are measured at fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	$ (49,988)	$ 4,738
Fair value through other comprehensive income financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	10	10
Interest rate caps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	1,099	821
Embedded options within listed bonds
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	790	5,300
Foreign exchange swaps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	(51,887)	(1,393)
Level 1 of fair value hierarchy [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	10	10
Level 1 of fair value hierarchy [member] \| Fair value through other comprehensive income financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	10	10
Level 2 of fair value hierarchy [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	(49,998)	4,728
Level 2 of fair value hierarchy [member] \| Interest rate caps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	1,099	821
Level 2 of fair value hierarchy [member] \| Embedded options within listed bonds
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	790	5,300
Level 2 of fair value hierarchy [member] \| Foreign exchange swaps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	$ (51,887)	$ (1,393)

Capital risk management - Fair

Capital risk management - Fair value estimation (Details) - Not measured at fair value in statement of financial position but for which fair value is disclosed [member] - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities, Carrying value	$ 3,542,155	$ 3,344,402
Fair value	3,165,109	3,116,193
Bank and bond borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities, Carrying value	3,542,155	3,344,402
Fair value	$ 3,165,109	$ 3,116,193

Segment reporting - Summarized

Segment reporting - Summarized financial information (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)		Sep. 30, 2023 USD ($) segment	Sep. 30, 2022 USD ($)		Dec. 31, 2022 USD ($)	[2]
Geographical information
Number of operating segments \| segment				4
Number of reportable segments \| segment				4
Revenues from external customers	$ 467,023	$ 521,317	[1]	$ 1,615,755	$ 1,435,132	[1]
Segment Adjusted EBITDA	231,953	274,428		871,207	758,477
Depreciation and amortization	(104,931)	(117,474)		(340,381)	(340,173)
Net gain/(loss) on disposal of property, plant and equipment	386	134		952	(13,650)
Insurance claims	32	70		310	1,686
Net (impairment)/reversal of impairment of property, plant and equipment and prepaid land rent	(103,429)	(3,099)		(108,510)	(1,768)
Impairment of withholding tax receivables	(10,508)	(11,422)		(35,112)	(39,141)
Business combination transaction costs	(161)	(3,685)		(1,647)	(17,928)
Other costs	(3,211)	(966)		(8,059)	(1,274)
Share-based payment expense	(2,654)	(4,127)		(9,571)	(9,752)
Finance income	5,823	6,412	[1]	18,233	11,035	[1]
Finance costs	(261,993)	(234,223)	[1]	(1,804,222)	(574,081)	[1]
Other income	1			59	2,521
Loss before income tax	(248,692)	(93,952)	[1]	(1,416,741)	(224,048)	[1]
Segment assets	5,540,280			5,540,280			$ 6,320,733
Segment liabilities	5,055,486			5,055,486			$ 4,960,503
SOX implementation costs		400			1,000
Consulting fees relating to corporate structures and operating systems	1,700			4,500
Non-recurring consulting fees	700			1,700
Professional costs related to financing		200		200
System implementation costs		400
Elimination of intersegment amounts
Geographical information
Revenues from external customers				0
Nigeria
Geographical information
Revenues from external customers	271,394	355,351		1,060,964	997,132
Segment Adjusted EBITDA	158,003	210,039		668,330	596,756
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	51,631	98,669		253,146	226,858
Segment assets	1,640,741	2,374,490		1,640,741	2,374,490
Segment liabilities	951,848	968,530		951,848	968,530
SSA
Geographical information
Revenues from external customers	133,481	114,801		379,034	295,331
Segment Adjusted EBITDA	66,285	63,521		194,701	163,511
Additions of property, plant and equipment , right of use assets and intangible assets: - through business combinations					719,219
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	28,005	31,705		81,158	83,876
Segment assets	1,401,864	1,596,906		1,401,864	1,596,906
Segment liabilities	819,213	897,690		819,213	897,690
Latam
Geographical information
Revenues from external customers	51,883	42,104		145,876	116,117
Segment Adjusted EBITDA	38,163	29,993		104,665	83,010
Additions of property, plant and equipment , right of use assets and intangible assets: - through business combinations					386,460
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	82,060	42,696		172,867	93,822
Segment assets	2,137,361	1,884,223		2,137,361	1,884,223
Segment liabilities	728,975	498,806		728,975	498,806
MENA
Geographical information
Revenues from external customers	10,265	9,061		29,881	26,552
Segment Adjusted EBITDA	5,155	3,828		14,205	11,616
Additions of property, plant and equipment , right of use assets and intangible assets: - through business combinations	8,566	3,650		8,566	3,650
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	6,227	6,223		15,039	18,569
Segment assets	185,536	177,746		185,536	177,746
Segment liabilities	113,263	108,558		113,263	108,558
Other
Geographical information
Segment Adjusted EBITDA	$ (35,653)	$ (32,953)		$ (110,694)	$ (96,416)

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.[2]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Segment reporting - Major custo

Segment reporting - Major customers (Details) - USD ($)	3 Months Ended		9 Months Ended
Segment reporting - Major customers (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Geographical information
Number of major customers			2	2
Customer A
Geographical information
Revenue percentage	63%	63%	60%	63%
Customer B
Geographical information
Revenue percentage	14%	14%	16%	17%

Cost of sales (Details)

Cost of sales (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Cost of sales (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Expense by nature
Indirect tax receivable			$ 400
Cost of sales
Expense by nature
Tower repairs and maintenance	$ 20,364	$ 25,134	77,762	$ 68,391
Power generation	89,883	113,604	303,815	305,858
Short term rental	2,605	3,401	8,195	13,616
Vehicle maintenance and repairs	495	439	1,556	1,473
Site regulatory permits	9,365	8,593	30,562	26,634
Security services	9,650	12,375	33,756	31,713
Insurance	1,081	1,353	3,635	3,750
Staff costs	7,240	8,454	25,385	23,664
Travel costs	1,753	2,195	7,967	3,436
Professional fees	905	943	2,106	2,846
Depreciation	89,850	102,929	293,784	298,901
Amortization	10,908	11,381	33,871	30,317
Net impairment of property, plant and equipment, intangibles fixed assets and prepaid land rent	103,429	3,099	108,510	1,768
Other	17,504	3,698	18,870	6,430
Total	$ 365,032	$ 297,598	$ 949,774	$ 818,797

Administrative expenses (Detail

Administrative expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Administrative expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Expense by nature
Share-based payment expense	$ 2,654	$ 4,127	$ 9,571	$ 9,752
Business combination transaction costs	161	3,685	1,647	17,928
Impairment of withholding tax receivables	10,508	11,422	35,112	39,141
Net (gain)/loss on disposal of property, plant and equipment	(386)	(134)	(952)	13,650
Other	3,211	966	$ 8,059	1,274
Cash flow projection period for assessment of withholding tax asset recoverability			5 years
Administrative expense
Expense by nature
Facilities, short term rental and upkeep	8,822	8,953	$ 30,010	25,844
Depreciation	2,744	2,266	8,501	6,657
Amortization	1,429	898	4,225	4,298
Travel costs	3,640	4,225	10,318	10,884
Staff costs	38,210	34,323	114,765	96,172
Key management compensation	4,674	5,491	12,914	13,814
Share-based payment expense	2,654	4,127	9,571	9,752
Professional fees	14,231	9,628	43,634	28,240
Business combination transaction costs	161	3,685	1,647	17,928
Impairment of withholding tax receivables	10,508	11,422	35,112	39,141
Net (gain)/loss on disposal of property, plant and equipment	(386)	(134)	(952)	13,650
Operating taxes	266	228	382	569
Other	6,882	6,415	21,750	17,992
Total	$ 93,835	$ 91,527	$ 291,877	$ 284,941

(Loss allowance)_reversal of _2

(Loss allowance)/reversal of loss allowance on trade receivables (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Reversal of loss Allowance/(loss allowance) on trade receivables
Impairment loss (reversal of impairment loss) on trade receivables, net	$ 711	$ (1,597)	[1]	$ 5,225	$ (3,397)	[1]

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Other income (Details)

Other income (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Other income (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Other income.
Insurance claims	$ 32	$ 70		$ 310	$ 1,686
Other income	1			59	2,521
Total other income	$ 33	$ 70	[1]	$ 369	$ 4,207	[1]

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Finance Income (Details)

Finance Income (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Finance Income (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Finance income.
Interest income - bank deposits	$ 5,761	$ 3,364		$ 17,338	$ 10,380
Net foreign exchange gain on derivative instruments - unrealized		1,263
Net foreign exchange gain on derivative instruments - realized		1,785		420	655
Fair value gain on embedded options and interest rate caps	62			475
Total Finance income	$ 5,823	$ 6,412	[1]	$ 18,233	$ 11,035	[1]

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Finance Costs (Details)

Finance Costs (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Finance Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Finance costs.
Interest expenses - third party loans	$ 95,500	$ 70,149		$ 270,491	$ 180,463
Interest expense - withholding tax paid on bond interest	4,233	4,233		10,974	8,597
Unwinding of discount on decommissioning liability	2,360	2,556		6,941	5,223
Interest and finance charges paid/payable for lease liabilities	16,121	14,013		47,323	36,813
Net foreign exchange loss arising from financing - unrealized	118,485	81,964		1,268,855	43,302
Net foreign exchange loss arising from financing - realized	10,325	56,966		117,377	120,655
Net foreign exchange loss on derivative instruments-unrealized	3,247			65,356	2,111
Fair value loss on embedded options	5,260	620		4,510	162,950
Fees on loans and financial derivatives	6,462	3,722		12,395	13,967
Finance costs	$ 261,993	$ 234,223	[1]	$ 1,804,222	$ 574,081	[1]

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Taxation (Details)

Taxation (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Taxation (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022		Dec. 31, 2022	[2]
Income Tax Expense
Current taxes on income	$ 28,567	$ 31,897		$ 91,484	$ 83,905
Deferred income taxes	(11,908)	(89,201)		(2,366)	(107,850)
Total taxes	16,659	$ (57,304)	[1]	89,118	$ (23,945)	[1]
Deferred tax liabilities	$ 141,842			$ 141,842			$ 183,518

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.[2]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Loss per share (Details)

Loss per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Income per share
Loss for the period	$ (265,351)	$ (36,648)	[1]	$ (1,505,859)	$ (200,103)	[1]
Non-controlling interests	(1,974)	(5,946)	[1]	(8,334)	(9,162)	[1]
Loss attributable to IHS common shareholders	$ (263,377)	$ (30,702)		$ (1,497,525)	$ (190,941)
Basic weighted average shares outstanding	334,046	331,688		333,388	330,913
Potentially dilutive securities	1,811	3,446		2,079	3,381
Potentially dilutive weighted average common shares outstanding	335,857	335,134		335,467	334,294
Basic loss per share	$ (0.79)	$ (0.09)	[1]	$ (4.49)	$ (0.58)	[1]
Diluted loss per share	$ (0.79)	$ (0.09)	[1]	$ (4.49)	$ (0.58)	[1]

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Property, plant and equipment_2

Property, plant and equipment (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	[1]	$ 2,075,441
Ending balance		1,754,367	$ 2,075,441	[1]
Total (excluding right-of-use assets)
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		2,075,441
Ending balance		1,754,367	2,075,441
Total (excluding right-of-use assets) \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		3,736,078	3,328,495
Additions during the period		364,146	416,326
Additions through business combinations		5,576	266,995
Transfer from advance payments		61,059	125,785
Disposals		(43,322)	(241,095)
Effects of movement in exchange rates		(906,871)	(160,428)
Reclassified to assets held for sale		(102,135)
Ending balance		3,114,531	3,736,078
Total (excluding right-of-use assets) \| Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		(1,660,637)	(1,614,234)
Charge for the period		229,411	333,876
Net impairment/(reversal of impairment)		78,360	34,903
Disposals		41,228	235,690
Effects of movement in exchange rates		486,020	86,686
Reclassified to assets held for sale		80,996
Ending balance		(1,360,164)	(1,660,637)
Towers and tower equipment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		1,400,241
Ending balance		1,076,148	1,400,241
Towers and tower equipment \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		2,961,567	2,829,528
Additions during the period		38,285	(20,994)
Additions through business combinations		5,576	266,110
Reclassification		119,159	176,625
Transfer from advance payments		41,889	100,578
Disposals		(4,950)	(239,350)
Effects of movement in exchange rates		(732,553)	(150,930)
Reclassified to assets held for sale		(102,135)
Ending balance		2,326,838	2,961,567
Towers and tower equipment \| Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		(1,561,326)	(1,575,315)
Charge for the period		174,967	268,999
Net impairment/(reversal of impairment)		77,896	34,702
Disposals		4,034	234,117
Effects of movement in exchange rates		478,469	83,573
Reclassified to assets held for sale		80,996
Ending balance		(1,250,690)	(1,561,326)
Fiber assets
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		305,150
Ending balance		329,341	305,150
Fiber assets \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		364,182	250,690
Additions during the period		13,634	70,905
Reclassification		67,095	10,991
Transfer from advance payments		980	16,412
Disposals		(35,571)
Effects of movement in exchange rates		(5,911)	15,184
Ending balance		404,409	364,182
Fiber assets \| Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		(59,032)	(5,354)
Charge for the period		48,207	54,152
Net impairment/(reversal of impairment)		464	201
Disposals		34,506
Effects of movement in exchange rates		(1,871)	675
Ending balance		(75,068)	(59,032)
Land and buildings
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		61,753
Ending balance		47,324	61,753
Land and buildings \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		63,586	56,268
Additions during the period		1,044	1,489
Additions through business combinations			885
Reclassification		6,422	1,992
Transfer from advance payments		1,924	6,754
Effects of movement in exchange rates		(24,319)	(3,802)
Ending balance		48,657	63,586
Land and buildings \| Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		(1,833)	(1,637)
Charge for the period		263	315
Effects of movement in exchange rates		763	119
Ending balance		(1,333)	(1,833)
Furniture and office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		10,871
Ending balance		5,115	10,871
Furniture and office equipment \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		32,308	22,198
Additions during the period		2,573	7,453
Reclassification		(2,883)	4,231
Transfer from advance payments			33
Disposals		(1,176)	(459)
Effects of movement in exchange rates		(6,403)	(1,148)
Ending balance		24,419	32,308
Furniture and office equipment \| Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		(21,437)	(17,157)
Charge for the period		2,859	5,800
Disposals		1,168	301
Effects of movement in exchange rates		3,824	1,219
Ending balance		(19,304)	(21,437)
Motor vehicles
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		10,268
Ending balance		7,061	10,268
Motor vehicles \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		27,277	23,458
Additions during the period		3,429	6,961
Reclassification		84
Disposals		(1,625)	(1,286)
Effects of movement in exchange rates		(8,335)	(1,856)
Ending balance		20,830	27,277
Motor vehicles \| Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		(17,009)	(14,771)
Charge for the period		3,115	4,610
Disposals		1,520	1,272
Effects of movement in exchange rates		4,835	1,100
Ending balance		(13,769)	(17,009)
Capital work in progress
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		287,158
Ending balance		289,378	287,158
Capital work in progress \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		287,158	146,353
Additions during the period		305,181	350,512
Reclassification		(189,877)	(193,839)
Transfer from advance payments		16,266	2,008
Effects of movement in exchange rates		(129,350)	(17,876)
Ending balance		289,378	287,158
Right-of-use asset
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		965,019
Ending balance		883,234	965,019
Right-of-use asset \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		1,165,180	650,504
Additions during the period		88,794	100,832
Additions through business combinations			478,602
Disposals		(25,511)	(17,755)
Effects of movement in exchange rates		(123,332)	(47,003)
Ending balance		1,105,131	1,165,180
Right-of-use asset \| Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance		(200,161)	(129,853)
Charge for the period		73,247	88,615
Net impairment/(reversal of impairment)		1,277	3,151
Disposals		14,315	13,237
Effects of movement in exchange rates		38,473	8,221
Ending balance		$ (221,897)	$ (200,161)

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Property, plant and equipment -

Property, plant and equipment - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	[1]
Disclosure of detailed information about property, plant and equipment [line items]
Borrowing costs capitalized	$ 0
Right of use assets	883,234	$ 965,019
SSA \| Assets held for sale
Disclosure of detailed information about property, plant and equipment [line items]
Impairment	66,300
IHS Brasil Cesso de Infraestruturas S.A.
Disclosure of detailed information about property, plant and equipment [line items]
Indirect taxes benefit	$ 400

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Goodwill and other intangible_3

Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Goodwill and other intangible assets
Beginning balance	$ 1,812,491
Ending balance	1,547,359	$ 1,812,491
Cost
Goodwill and other intangible assets
Beginning balance	2,152,127	1,806,617
Additions during the year	11,977	21,185
Additions through business combinations	2,990	363,732
Disposals	(13,031)	(399)
Effects of movements in exchange rates	(256,041)	(39,008)
Ending balance	1,898,022	2,152,127
Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(339,636)	(180,992)
Charge for the year	38,096	47,330
Impairment charge for the year	28,873	121,596
Disposals	13,025	398
Effects of movements in exchange rates	42,917	9,884
Ending balance	(350,663)	(339,636)
Goodwill
Goodwill and other intangible assets
Beginning balance	763,388
Ending balance	638,538	763,388
Goodwill \| Cost
Goodwill and other intangible assets
Beginning balance	885,639	780,147
Additions through business combinations		119,035
Effects of movements in exchange rates	(119,909)	(13,543)
Ending balance	765,730	885,639
Goodwill \| Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(122,251)	(251)
Impairment charge for the year		121,596
Effects of movements in exchange rates	(4,941)	(404)
Ending balance	(127,192)	(122,251)
Customerrelated intangible assets
Goodwill and other intangible assets
Beginning balance	871,964
Ending balance	741,321	871,964
Customerrelated intangible assets \| SSA
Goodwill and other intangible assets
Impairment charge for the year	28,900
Customerrelated intangible assets \| Cost
Goodwill and other intangible assets
Beginning balance	1,031,366	877,764
Additions through business combinations	2,224	171,765
Effects of movements in exchange rates	(115,330)	(18,163)
Ending balance	918,260	1,031,366
Customerrelated intangible assets \| Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(159,402)	(131,568)
Charge for the year	26,094	36,169
Impairment charge for the year	28,873
Effects of movements in exchange rates	37,430	8,335
Ending balance	(176,939)	(159,402)
Network - related intangible assets
Goodwill and other intangible assets
Beginning balance	147,714
Ending balance	133,789	147,714
Network - related intangible assets \| Cost
Goodwill and other intangible assets
Beginning balance	175,290	107,202
Additions through business combinations	766	72,932
Effects of movements in exchange rates	(15,640)	(4,844)
Ending balance	160,416	175,290
Network - related intangible assets \| Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(27,576)	(21,885)
Charge for the year	5,515	6,936
Effects of movements in exchange rates	6,464	1,245
Ending balance	(26,627)	(27,576)
Licenses
Goodwill and other intangible assets
Beginning balance	21,512
Ending balance	18,776	21,512
Licenses \| Cost
Goodwill and other intangible assets
Beginning balance	30,588	17,706
Additions during the year	3,007	14,772
Disposals	(17)	(4)
Effects of movements in exchange rates	(1,096)	(1,886)
Ending balance	32,482	30,588
Licenses \| Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(9,076)	(6,877)
Charge for the year	4,776	2,598
Disposals	17	4
Effects of movements in exchange rates	129	395
Ending balance	(13,706)	(9,076)
Software
Goodwill and other intangible assets
Beginning balance	7,913
Ending balance	14,935	7,913
Software \| Cost
Goodwill and other intangible assets
Beginning balance	29,244	23,798
Additions during the year	8,970	6,413
Disposals	(13,014)	(395)
Effects of movements in exchange rates	(4,066)	(572)
Ending balance	21,134	29,244
Software \| Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(21,331)	(20,411)
Charge for the year	1,711	1,627
Disposals	13,008	394
Effects of movements in exchange rates	3,835	313
Ending balance	$ (6,199)	$ (21,331)

Derivative financial instrume_3

Derivative financial instruments - Notional amount (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivatives
Derivative financial instruments
Derivative instruments, notional amount	$ 2,065,000	$ 2,100,448
Foreign exchange swaps
Derivative financial instruments
Derivative instruments, notional amount	125,000	160,448
Embedded options within listed bonds
Derivative financial instruments
Derivative instruments, notional amount	$ 1,940,000	$ 1,940,000

Derivative financial instrume_4

Derivative financial instruments - Fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivatives
Derivative financial instruments
Derivative financial instruments at fair value	$ (49,998)	$ 4,728
Foreign exchange swaps
Derivative financial instruments
Derivative financial instruments at fair value	(51,887)	(1,393)
Interest rate caps
Derivative financial instruments
Derivative financial instruments at fair value	1,099	821
Embedded options within listed bonds
Derivative financial instruments
Derivative financial instruments at fair value	$ 790	$ 5,300

Derivative financial instrume_5

Derivative financial instruments - Change in fair value of the derivative instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative financial instruments
Change in fair value of the derivative instruments	$ (8,445)	$ 643	$ (69,391)	$ (165,061)
Foreign exchange swaps/nondeliverable forwards
Derivative financial instruments
Change in fair value of the derivative instruments	(3,247)	1,263	(65,356)	(2,111)
Interest rate caps
Derivative financial instruments
Change in fair value of the derivative instruments	62		475
Embedded options within listed bonds
Derivative financial instruments
Change in fair value of the derivative instruments	$ (5,260)	$ (620)	$ (4,510)	$ (162,950)

Trade and other receivables (De

Trade and other receivables (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Trade and other current receivables [abstract]
Net trade receivables	$ 177,114	$ 211,025
Other receivables	386,305	387,019
Prepaid land rent	1,108	1,030
Other prepaid expenses	23,116	26,820
Advance payments	27,663	22,076
Withholding tax	1,133	1,201
VAT receivables	12,806	14,296
Trade and other current receivables	629,245	663,467	[1]
Trade and other non-current receivables [abstract]
Accrued income and lease incentive	62,989	35,321
Other tax receivables	7,021	5,945
Payment in advance for property, plant and equipment	77,781	83,118
Contingent consideration receivable	6,181	5,963
Trade and other non-current receivables	$ 153,972	130,347	[1]
Top of range
Trade and other non-current receivables [abstract]
Non-current receivable due term	20 years
Gross carrying amount [member]
Trade and other current receivables [abstract]
Net trade receivables	$ 196,881	236,390
Accumulated impairment [member]
Trade and other current receivables [abstract]
Net trade receivables	$ (19,767)	$ (25,365)

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Trade and other payables (Detai

Trade and other payables (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current
Trade payables	$ 356,145	$ 442,959
Deferred revenue	63,941	86,363
Withholding tax payable	6,801	5,820
Payroll and other related statutory liabilities	40,228	45,331
VAT payables	29,416	51,103
Other payables	73,230	37,573
Trade and other payables	569,761	669,149	[1]
Non-current
Other payables	5,493	1,459
Trade and other payables, non current	$ 5,493	$ 1,459	[1]

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Borrowings - Debt classificatio

Borrowings - Debt classification (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Borrowings
Non Current Borrowings	$ 3,084,214	$ 2,906,288	[1]
Current borrowings	457,941	438,114	[1]
Borrowings	3,542,155	3,344,402
Senior Notes
Borrowings
Non Current Borrowings	1,928,762	1,920,783
Current borrowings	22,692	27,060
Bank borrowings
Borrowings
Non Current Borrowings	1,155,452	985,505
Current borrowings	92,721	213,576
Letters of credit
Borrowings
Current borrowings	$ 342,528	$ 197,478

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Borrowings - Debt instrument (D

Borrowings - Debt instrument (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Borrowings
Borrowings	$ 3,542,155	$ 3,344,402
IHS Holding limited, Senior Note Maturing 2026
Borrowings
Interest rate	5.63%
Borrowings	$ 505,623	497,861
IHS Holding limited, Senior Note Maturing 2028
Borrowings
Interest rate	6.25%
Borrowings	$ 506,214	497,979
IHS Netherlands Holdco B.V., Senior Note Maturing 2027
Borrowings
Interest rate	8%
Borrowings	$ 939,617	952,003
IHS Holding Term Loan Facility
Borrowings
Borrowings	$ 370,433	368,630
IHS Holding Term Loan Facility \| CAS + SOFR
Borrowings
Borrowings, adjustment to interest rate basis	3.75%
IHS (Nigeria) Limited, IHSN NG1, maturing 2023
Borrowings
Borrowings		57,448
IHS (Nigeria) Limited, IHSN NG1, maturing 2023 \| Maximum
Borrowings
Interest rate	18%
IHS (Nigeria) Limited, IHSN NG1, maturing 2023 \| Minimum
Borrowings
Interest rate	12.50%
INT Towers Limited, maturing 2024
Borrowings
Borrowings		191,188
INT Towers Limited, maturing 2024 \| 3M NIBOR
Borrowings
Borrowings, adjustment to interest rate basis	2.50%
INT Towers Limited, maturing 2028
Borrowings
Interest rate	20%
Borrowings	$ 218,634
IHS Cte d'Ivoire Ltd (CFA Franc) maturing 2024
Borrowings
Interest rate	5%
Borrowings	$ 9,410	18,854
IHS Cte d'Ivoire Ltd (Euro) maturing 2024
Borrowings
Borrowings	$ 6,993	14,217
IHS Cte d'Ivoire Ltd (Euro) maturing 2024 \| 3M EURIBOR
Borrowings
Borrowings, adjustment to interest rate basis	3%
IHS Zambia Limited, 2027
Borrowings
Borrowings	$ 85,763	94,596
IHS Zambia Limited, 2027 \| CAS + SOFR
Borrowings
Borrowings, adjustment to interest rate basis	5%
IHS Brasil Cesso de Infraestruturas S.A., maturing 2031
Borrowings
Borrowings	$ 234,740
IHS Brasil Cesso de Infraestruturas S.A., maturing 2031 \| CDI
Borrowings
Borrowings, adjustment to interest rate basis	3.10%
IHS Brasil Cesso de Infraestruturas S.A., maturing 2029
Borrowings
Borrowings		68,591
IHS Brasil Cesso de Infraestruturas S.A., maturing 2029 \| CDI
Borrowings
Borrowings, adjustment to interest rate basis	3.65%
IHS Brasil - Cesso de Infraestruturas S.A. Maturing 2028
Borrowings
Borrowings		82,928
IHS Brasil - Cesso de Infraestruturas S.A. Maturing 2028 \| CDI
Borrowings
Borrowings, adjustment to interest rate basis	3.05%
I-Systems Solues de Infraestrutura S.A., maturing 2030
Borrowings
Borrowings	$ 78,615	38,542
I-Systems Solues de Infraestrutura S.A., maturing 2030 \| CDI \| Minimum
Borrowings
Borrowings, adjustment to interest rate basis	2.45%
I-Systems Solues de Infraestrutura S.A., maturing 2030 \| Brazil Real \| CDI \| Maximum
Borrowings
Borrowings, adjustment to interest rate basis	2.50%
IHS Kuwait Limited, 2029
Borrowings
Borrowings	$ 62,916	66,251
IHS Kuwait Limited, 2029 \| 3M KIBOR
Borrowings
Borrowings, adjustment to interest rate basis	2%
IHS Towers South Africa Proprietary Limited maturing 2029
Borrowings
Borrowings	$ 180,669	197,836
IHS Towers South Africa Proprietary Limited maturing 2029 \| 3M JIBAR
Borrowings
Borrowings, adjustment to interest rate basis	2.75%
IHS (Nigeria) Limited, Letters of credit, Maturing 2023
Borrowings
Borrowings	$ 101,559	66,047
IHS (Nigeria) Limited, Letters of credit, Maturing 2023 \| Maximum
Borrowings
Interest rate	15.55%
IHS (Nigeria) Limited, Letters of credit, Maturing 2023 \| Minimum
Borrowings
Interest rate	12%
INT Towers Limited, Letters of Credit Maturing 2023
Borrowings
Borrowings	$ 238,010	128,063
INT Towers Limited, Letters of Credit Maturing 2023 \| Maximum
Borrowings
Interest rate	15.75%
INT Towers Limited, Letters of Credit Maturing 2023 \| Minimum
Borrowings
Interest rate	12%
IHS Towers NG Limited, Letters of Credit Maturing 2023
Borrowings
Interest rate	15.49%
Borrowings	$ 136	987
Global Independent Connect Limited, USD Letters of Credit maturing 2023
Borrowings
Borrowings	$ 2,823	1,330
Global Independent Connect Limited, USD Letters of Credit maturing 2023 \| Maximum
Borrowings
Interest rate	15.49%
Global Independent Connect Limited, USD Letters of Credit maturing 2023 \| Minimum
Borrowings
Interest rate	13.25%
Global Independent Connect Limited, Chinese Yuan Letters of Credit maturing 2023
Borrowings
Interest rate	12.05%
Borrowings		$ 1,051
Global Independent Connect Limited Letters of Credit maturing 2023
Borrowings
Borrowings	$ 2,800
Global Independent Connect Limited Letters of Credit maturing 2023 \| Maximum
Borrowings
Interest rate	15.49%
Global Independent Connect Limited Letters of Credit maturing 2023 \| Minimum
Borrowings
Interest rate	13.25%

Borrowings - Narratives (Detail

Borrowings - Narratives (Details) $ in Thousands, د.ك in Millions, R$ in Millions, R in Millions, ₦ in Billions									1 Months Ended															3 Months Ended		9 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2023 BRL (R$)	Feb. 03, 2023 USD ($)	Feb. 03, 2023 BRL (R$)	Jan. 11, 2023 NGN (₦)	Jan. 11, 2023 USD ($)	Oct. 13, 2022 USD ($) tranche	May 31, 2022 USD ($) item	Sep. 30, 2023 USD ($)	Sep. 30, 2023 BRL (R$)	Jun. 30, 2023 NGN (₦)	Jun. 30, 2023 USD ($)	May 31, 2023 NGN (₦)	May 31, 2023 USD ($)	May 31, 2023 ZAR (R)	Apr. 30, 2023 NGN (₦)	Apr. 30, 2023 USD ($)	Mar. 31, 2023 NGN (₦)	Mar. 31, 2023 USD ($)	Feb. 28, 2023 NGN (₦)	Feb. 28, 2023 USD ($)	Jan. 31, 2023 NGN (₦)	Jan. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 NGN (₦)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jan. 31, 2024	Sep. 30, 2023 USD ($)	Sep. 30, 2023 BRL (R$)	Sep. 30, 2023 KWD (د.ك)	Sep. 30, 2023 ZAR (R)	May 31, 2023 USD ($)	Feb. 28, 2023 USD ($)	Jan. 03, 2023 NGN (₦)	Jan. 03, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 13, 2022 BRL (R$)	Oct. 03, 2022 USD ($)	Oct. 03, 2022 BRL (R$)	May 31, 2022 ZAR (R)	Apr. 30, 2022 USD ($)	Apr. 30, 2022 BRL (R$)	Jun. 30, 2021 USD ($)	Jun. 30, 2021 BRL (R$)	May 31, 2021 USD ($)	May 31, 2021 BRL (R$)	Apr. 19, 2020 USD ($)
Disclosure of detailed information about borrowings [line items]
Bank loans received																								$ 318,765	$ 118,884		$ 976,944	$ 834,677
Borrowings																														$ 3,542,155								$ 3,344,402
Repayments of borrowings, classified as financing activities																								226,741	44,184		644,591	114,211
Interest paid																								$ 79,173	$ 69,070		224,118	$ 173,739
MTN telecom towers in South Africa
Disclosure of detailed information about borrowings [line items]
Number of Towers Acquired \| item								5,691
Nigeria 2023 Term Loan
Disclosure of detailed information about borrowings [line items]
Notional amount													₦ 165																					$ 212,800		₦ 124.5	$ 160,500
Increase in loan facility													₦ 11.5	$ 14,800						₦ 29	$ 37,400
Interest rate																						20%	20%
Bank loans received											₦ 11.5	$ 14,800				₦ 15	$ 19,300	₦ 14	$ 18,100			₦ 124.5	$ 160,500
Borrowings																										₦ 165				212,800
Nigeria 2023 Term Loan \| Minimum \| Forecast
Disclosure of detailed information about borrowings [line items]
Interest rate																													18%
Nigeria 2023 Term Loan \| Maximum \| Forecast
Disclosure of detailed information about borrowings [line items]
Interest rate																													24%
Nigeria 2023 Term Loan \| Nigerian MPR \| Forecast
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																													2.50%
Nigeria (2023) Revolving Credit Facility
Disclosure of detailed information about borrowings [line items]
Notional amount																				55															$ 70,900	₦ 44	$ 56,700
Increase in loan facility																				₦ 11	$ 14,200
Interest rate																						20%	20%
Bank loans received																										40	51,600
Borrowings																														0
Repayments of borrowings, classified as financing activities																										₦ 40	$ 51,600
Nigeria (2023) Revolving Credit Facility \| Minimum \| Forecast
Disclosure of detailed information about borrowings [line items]
Interest rate																													18%
Nigeria (2023) Revolving Credit Facility \| Maximum \| Forecast
Disclosure of detailed information about borrowings [line items]
Interest rate																													24%
Nigeria (2023) Revolving Credit Facility \| Nigerian MPR \| Forecast
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																													2.50%
Nigeria 2019 Term Loan
Disclosure of detailed information about borrowings [line items]
Repayments of borrowings, classified as financing activities																						₦ 88.3	$ 113,900
I-Systems facility
Disclosure of detailed information about borrowings [line items]
Notional amount																																								$ 39,700	R$ 200.0
Borrowings																														$ 79,500	R$ 400.0
I-Systems facility, Itau Unibanco S.A.
Disclosure of detailed information about borrowings [line items]
Notional amount							$ 39,700																																R$ 200.0
Borrowings, Number of Tranches \| tranche							2
I-Systems facility, Tranche I
Disclosure of detailed information about borrowings [line items]
Bank loans received			$ 15,900	R$ 80.0
I-Systems facility, Tranche I \| CDI
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis			2.45%	2.45%
Calculation period for interest rate basis			252 days	252 days
I-Systems facility, Tranche II
Disclosure of detailed information about borrowings [line items]
Bank loans received	$ 23,800	R$ 120.0
I-Systems facility, Tranche II \| CDI
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	2.50%	2.50%																2.50%	2.50%
Calculation period for interest rate basis	252 days	252 days
IHS Brasil Cesso de Infraestruturas S.A. facilities
Disclosure of detailed information about borrowings [line items]
Repayments of borrowings, classified as financing activities									$ 141,800	R$ 713.6
IHS Brasil Facility 1
Disclosure of detailed information about borrowings [line items]
Notional amount																																															$ 59,600	R$ 300.0
IHS Brasil Facility 2
Disclosure of detailed information about borrowings [line items]
Notional amount																																													$ 19,900	R$ 100.0
GTS Facility
Disclosure of detailed information about borrowings [line items]
Notional amount																																											$ 98,400	R$ 495.0
IHS Brasil Debentures
Disclosure of detailed information about borrowings [line items]
Proceeds from issue of debentures									$ 238,400	R$ 1200.0
IHS Brasil Debentures \| CDI
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																										3.10%				3.10%	3.10%	3.10%	3.10%
Calculation period for interest rate basis									252 days	252 days
IHS Kuwait Limited, Bank Borrowings Maturing 2029
Disclosure of detailed information about borrowings [line items]
Notional amount																																																	$ 85,000
Notional amount of borrowings drawn down																														$ 70,500		د.ك 21.8
Borrowings																														$ 62,916								66,251
IHS Kuwait Limited, Bank Borrowings Maturing 2029 \| 3M KIBOR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																										2%				2%	2%	2%	2%
IHS Holding limited, Senior Note Maturing 2026
Disclosure of detailed information about borrowings [line items]
Interest rate																										5.63%				5.63%	5.63%	5.63%	5.63%
Borrowings																														$ 505,623								497,861
IHS Holding limited, Senior Note Maturing 2028
Disclosure of detailed information about borrowings [line items]
Interest rate																										6.25%				6.25%	6.25%	6.25%	6.25%
Borrowings																														$ 506,214								497,979
IHS (Nigeria) Limited, IHSN NG1, maturing 2023
Disclosure of detailed information about borrowings [line items]
Borrowings																																						57,448
Repayments of borrowings, classified as financing activities					₦ 16.1	$ 20,800
IHS (Nigeria) Limited, IHSN NG1, maturing 2023 \| Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate																										12.50%				12.50%	12.50%	12.50%	12.50%
IHS (Nigeria) Limited, IHSN NG1, maturing 2023 \| Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate																										18%				18%	18%	18%	18%
IHS (Nigeria) Limited, IHSN NG2, maturing 2023
Disclosure of detailed information about borrowings [line items]
Repayments of borrowings, classified as financing activities					₦ 10	$ 12,900
IHS Towers South Africa Proprietary Limited maturing 2029
Disclosure of detailed information about borrowings [line items]
Notional amount								$ 183,400																																		R 3,470
Notional amount of borrowings drawn down																														$ 183,400			R 3,470
Bank loans received														$ 3,700	R 70
Borrowings																														$ 180,669								197,836
IHS Towers South Africa Proprietary Limited maturing 2029 \| 3M JIBAR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																										2.75%				2.75%	2.75%	2.75%	2.75%
IHS Nigeria Letters of Credit
Disclosure of detailed information about borrowings [line items]
Borrowings																														$ 101,600
IHS Nigeria Letters of Credit \| Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate																										12%				12%	12%	12%	12%
IHS Nigeria Letters of Credit \| Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate																										15.55%				15.55%	15.55%	15.55%	15.55%
INT Towers Limited, Letters of Credit Maturing 2023
Disclosure of detailed information about borrowings [line items]
Borrowings																														$ 238,010								128,063
INT Towers Limited, Letters of Credit Maturing 2023 \| Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate																										12%				12%	12%	12%	12%
INT Towers Limited, Letters of Credit Maturing 2023 \| Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate																										15.75%				15.75%	15.75%	15.75%	15.75%
IHS Towers NG Limited, Letters of Credit Maturing 2023
Disclosure of detailed information about borrowings [line items]
Interest rate																										15.49%				15.49%	15.49%	15.49%	15.49%
Borrowings																														$ 136								987
Global Independent Connect Limited Letters of Credit maturing 2023
Disclosure of detailed information about borrowings [line items]
Borrowings																														$ 2,800
Global Independent Connect Limited Letters of Credit maturing 2023 \| Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate																										13.25%				13.25%	13.25%	13.25%	13.25%
Global Independent Connect Limited Letters of Credit maturing 2023 \| Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate																										15.49%				15.49%	15.49%	15.49%	15.49%
IHS Holding (2022) Bullet Term Loan Facility
Disclosure of detailed information about borrowings [line items]
Borrowings																														$ 370,433								368,630
IHS Holding (2022) Bullet Term Loan Facility \| CAS + SOFR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																										3.75%				3.75%	3.75%	3.75%	3.75%
IHS Brasil - Cesso de Infraestruturas S.A. Maturing 2028
Disclosure of detailed information about borrowings [line items]
Borrowings																																						82,928
IHS Brasil - Cesso de Infraestruturas S.A. Maturing 2028 \| CDI
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																										3.05%				3.05%	3.05%	3.05%	3.05%
I-Systems Solues de Infraestrutura S.A., maturing 2030
Disclosure of detailed information about borrowings [line items]
Borrowings																														$ 78,615								$ 38,542
I-Systems Solues de Infraestrutura S.A., maturing 2030 \| CDI \| Minimum
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																										2.45%				2.45%	2.45%	2.45%	2.45%
I-Systems Solues de Infraestrutura S.A., maturing 2030 \| CDI \| Maximum \| Brazil Real
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis																										2.50%				2.50%	2.50%	2.50%	2.50%

Lease liabilities - Components

Lease liabilities - Components of lease (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Lease liabilities.
Current	$ 86,898	$ 87,240	[1]
Non-current	507,008	518,318	[1]
Total lease liabilities	593,906	$ 605,558
Lease payments	$ 100,300

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Lease liabilities - Contractual

Lease liabilities - Contractual maturities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Carrying value	$ 593,906	$ 605,558
Total contractual cash flows	$ 1,113,491	1,108,532
Average remaining lease term	12 years 3 months 29 days
Within 1 year
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	$ 100,029	92,417
2-3 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	184,187	179,930
4-5 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	171,800	168,231
Over 5 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	$ 657,475	$ 667,954

Provisions for other liabilit_3

Provisions for other liabilities and charges - Decommissioning and site restoration provision (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Disclosure of other provisions [line items]
Non-current	$ 84,811	$ 84,533	[1]
Current	309	483	[1]
Decommissioning and site restoration provisions
Disclosure of other provisions [line items]
At January 1	85,016	71,941
Additions through business combinations		34,419
Increase/(decrease) in provisions	625	(24,898)
Payments for tower and tower equipment decommissioning	(327)	(343)
Unwinding of discount	6,941	7,084
Effects of movement in exchange rates	(7,135)	(3,187)
At end of period/year	85,120	85,016
Non-current	84,811	84,533
Current	$ 309	$ 483

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Stated capital (Details)

Stated capital (Details) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended				12 Months Ended
	Sep. 30, 2023		Sep. 30, 2022		Dec. 31, 2022
Stated capital.
Beginning Balance, Number of shares	331,920
Shares issued on exercise of options (in shares)	2,221
Shares repurchased and cancelled through buyback program (in shares)	(948)
Ending Balance, Number of shares	333,193				331,920
Beginning balance, Equity	$ 1,360,230	[1]	$ 1,743,556		$ 1,743,556
Shares repurchased and cancelled through buyback program	(10,022)
Ending balance, Equity	484,794		1,509,930	[2]	1,360,230	[1]
Stated capital net of issue costs
Stated capital.
Beginning balance, Equity	5,311,953		5,223,484		5,223,484
Shares issued on exercise of options	89,432		86,470
Shares repurchased and cancelled through buyback program	(10,022)
Ending balance, Equity	5,391,363		$ 5,309,954	[2]	5,311,953
Share capital
Stated capital.
Beginning balance, Equity	100,141
Shares issued on exercise of options	666
Shares repurchased and cancelled through buyback program	(284)
Ending balance, Equity	100,523				100,141
Share capital net of issue costs
Stated capital.
Beginning balance, Equity	99,576
Shares issued on exercise of options	666
Shares repurchased and cancelled through buyback program	(284)
Ending balance, Equity	99,958				99,576
Share premium
Stated capital.
Beginning balance, Equity	5,241,836
Shares issued on exercise of options	88,766
Shares repurchased and cancelled through buyback program	(9,738)
Ending balance, Equity	5,320,864				5,241,836
Share premium net of issue costs
Stated capital.
Beginning balance, Equity	5,212,377
Shares issued on exercise of options	88,766
Shares repurchased and cancelled through buyback program	(9,738)
Ending balance, Equity	$ 5,291,405				$ 5,212,377

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.[2]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Other reserves (Details)

Other reserves (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended				12 Months Ended
Other reserves (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022		Dec. 31, 2022
Disclosure of reserves within equity [line items]
Beginning balance, Equity				$ 1,360,230	[1]	$ 1,743,556		$ 1,743,556
Other comprehensive income	$ 4,789	$ (52,962)	[2]	629,755		(43,309)	[2]
Recognition of share-based payment expense				9,327		10,230
Ending balance, Equity	484,794	1,509,930	[3]	484,794		1,509,930	[3]	1,360,230	[1]
Other reserves
Disclosure of reserves within equity [line items]
Beginning balance, Equity				(861,271)		(842,911)		(842,911)
Other comprehensive income				621,362		(49,278)	[3]	59,521
Options converted to shares				(89,432)		(86,470)		(88,469)
Recognition of share-based payment expense				9,327		10,230		13,423
Other reclassifications related to share-based payment				(1,426)				(2,835)
Ending balance, Equity	(321,440)	$ (971,264)	[3]	(321,440)		(971,264)	[3]	(861,271)
Fair value through other comprehensive income reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity				(3)		(3)		(3)
Other comprehensive income				7
Ending balance, Equity	4			4				(3)
Restructuring reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity				4,019		4,019		4,019
Ending balance, Equity	4,019			4,019				4,019
Share- based payment reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity				98,817		176,698		176,698
Options converted to shares				(89,432)				(88,469)
Recognition of share-based payment expense				9,327				13,423
Other reclassifications related to share-based payment				(1,426)				(2,835)
Ending balance, Equity	17,286			17,286				98,817
Loss on transactions between owners
Disclosure of reserves within equity [line items]
Beginning balance, Equity				(840,359)		(840,359)		(840,359)
Ending balance, Equity	(840,359)			(840,359)				(840,359)
Foreign exchange translation reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity				(123,745)		$ (183,266)		(183,266)
Other comprehensive income				621,355				59,521
Ending balance, Equity	$ 497,610			$ 497,610				$ (123,745)

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.[2]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.[3]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Non-controlling interest (Detai

Non-controlling interest (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Non-controlling interest (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Disclosure of subsidiaries [line items]
Balance at January 1				$ 227,200	[1]	$ 223,188
NCI arising on business combination				1,922		831
Loss for the period	$ (1,974)	$ (5,946)	[2]	(8,334)		(9,162)	[2]
Other comprehensive (loss)/income				8,393		5,969
Balance at September 30	229,181	$ 220,826		229,181		$ 220,826
I-Systems Solues de Infraestrutura S.A.
Disclosure of subsidiaries [line items]
Balance at January 1				212,307
Balance at September 30	$ 212,757			$ 212,757

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.[2]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Non-controlling interest - Summ

Non-controlling interest - Summarized financial information (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended			12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022		Dec. 31, 2022		Dec. 31, 2021
Disclosure of subsidiaries [line items]
Current assets	$ 1,138,576			$ 1,138,576			$ 1,252,935	[1]
Current liabilities	(1,232,118)			(1,232,118)			(1,266,387)	[1]
Noncurrent assets	4,401,704			4,401,704			5,067,798	[1]
Non-current liabilities	(3,823,368)			(3,823,368)			(3,694,116)	[1]
Accumulated non-controlling interest at the end of the year	229,181	$ 220,826		229,181	$ 220,826		227,200	[1]	$ 223,188
Revenue	467,023	521,317	[2]	1,615,755	1,435,132	[2]
Loss for the period	(265,351)	(36,648)	[2]	(1,505,859)	(200,103)	[2]
Other comprehensive (loss)/income	4,789	(52,962)	[2]	629,755	(43,309)	[2]
Total comprehensive loss for the period	(260,562)	(89,610)	[2]	(876,104)	(243,412)	[2]
Loss allocated to non-controlling interest during the period	(9,189)	(10,445)	[2]	59	(3,193)	[2]
Cash flows generated from operating activities	224,777	286,243		703,547	625,662
Cash flows used in investing activities	(188,129)	(239,304)		(638,282)	(1,357,000)
Cash flows generated from financing activities	(29,115)	(25,693)		(11,806)	463,608
Net increase/(decrease) in cash and cash equivalents	7,533	$ 21,246		53,459	$ (267,730)
I-Systems Solues de Infraestrutura S.A.
Disclosure of subsidiaries [line items]
Accumulated non-controlling interest at the end of the year	212,757			212,757			212,307
Loss allocated to non-controlling interest during the period				(7,321)			(7,533)
I-Systems Solues de Infraestrutura S.A. \| I-Systems Solues de Infraestrutura S.A.
Disclosure of subsidiaries [line items]
Current assets	92,805			92,805			102,445
Current liabilities	(45,907)			(45,907)			(38,834)
Current net assets	46,898			46,898			63,611
Noncurrent assets	503,575			503,575			462,122
Non-current liabilities	(116,275)			(116,275)			(92,453)
Non-current net assets	387,300			387,300			369,669
Net assets	$ 434,198			434,198			433,280
Revenue				52,677			41,502
Loss for the period				(14,941)			(15,373)
Other comprehensive (loss)/income				15,858			15,466
Total comprehensive loss for the period				917			93
Cash flows generated from operating activities				44,425			50,769
Cash flows used in investing activities				(77,685)			(62,921)
Cash flows generated from financing activities				30,803			(70)
Net increase/(decrease) in cash and cash equivalents				$ (2,457)			$ (12,222)

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.[2]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Share-based payment obligation

Share-based payment obligation (Details) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares	May 31, 2023 Option	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions			$ 2.7	$ 4.1	$ 9.6	$ 9.8
Dividends planned for the near future	$ 0		0		0
Omnibus share-based payment plans
Disclosure of terms and conditions of share-based payment arrangement [line items]
Options granted \| Option		2,132,134
Fair value of options granted, at grant date	$ 49.9
Assumption of forfeiture rate	7%
Expected charge over remaining term of outstanding share options	$ 19.6		$ 19.6		$ 19.6
Expected dividend, share options granted	$ 0
Omnibus share-based payment plans \| Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price assumption \| $ / shares	$ 5.27
Omnibus share-based payment plans \| Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price assumption \| $ / shares	$ 11.55
Omnibus share-based payment plans, RSUs with non-market conditions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date	$ 22.7
Omnibus share-based payment plans, PSUs with non-market conditions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date	19
Omnibus share-based payment plans, PSUs with market conditions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date	$ 8.2

Cash from operations (Details)

Cash from operations (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Cash from operations (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Profit before taxation	$ (248,692)	$ (93,952)	[1]	$ (1,416,741)	$ (224,048)	[1]
Adjustments:
Depreciation of property, plant and equipment	92,594	105,195		302,285	305,558
Amortization of intangible assets	12,337	12,279		38,096	34,615
Net impairment of property, plant and equipment, intangibles fixed assets and prepaid land rent	103,429	3,099		108,510	1,768
Loss allowance/(reversal of loss allowance) on trade receivables	711	(1,597)		5,225	(3,397)
Impairment of withholding tax receivables	10,508	11,422		35,112	39,141
Amortization of prepaid site rent	2,789	2,796		7,918	6,957
Net (gain)/loss on disposal of plant, property and equipment	(386)	(134)		(952)	13,650
Insurance income	(32)	(70)		(310)	(1,686)
Finance costs	261,993	234,223		1,804,222	574,081
Finance income	(5,823)	(6,412)		(18,233)	(11,035)
Impairment of inventory					138
Sharebased payment expense	2,654	4,127		9,571	9,752
Operating profit before working capital changes	232,082	270,976		874,703	745,494
Changes in working capital
Increase in inventory	(29,221)	(10,373)		(4,683)	(30,094)
(Increase)/decrease in trade and other receivables	(61,968)	12,702		(199,210)	(169,833)
Increase in trade and other payables	93,544	20,885		79,618	132,032
Net movement in working capital	2,355	23,214		(124,275)	(67,895)
Cash from operations	$ 234,437	$ 294,190		$ 750,428	$ 677,599

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the GTS SP5 Acquisition in March 2022 and MTN SA Acquisition in May 2022.

Business Combinations - MTN tel

Business Combinations - MTN telecom towers in South Africa (Details) - MTN telecom towers in South Africa $ in Thousands		4 Months Ended
	May 31, 2022 USD ($) item site	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Disclosure of detailed information about business combination [line items]
Number of Towers Acquired \| item	5,691
Number of service sites to which entity is providing Managed Services after acquisition \| site	7,100
Proportion of ownership interests held by non-controlling interests	0%
Percentage of business acquired	100%
Goodwill deductible for tax purpose	$ 0
Gross consideration			$ 421,239
Net cash consideration			421,239
Identifiable assets acquired and liabilities assumed:
Towers and tower equipment			251,683
Customer related intangible asset			121,465
Network related intangible asset			69,741
Right of use asset			211,936
Lease liabilities			(211,936)
Deferred tax			(51,625)
Provisions for other liabilities and charges			(34,419)
Total identifiable net assets acquired			$ 356,845
Goodwill	$ 64,400
Revenue - post-acquisition		$ 40,927
Profit (Loss) - post-acquisition		$ (17,724)
After transfer of non-controlling interests
Disclosure of detailed information about business combination [line items]
Proportion of ownership interest in subsidiary	70%
Proportion of ownership interests held by non-controlling interests	30%

Business Combinations - Fair va

Business Combinations - Fair value adjustments (Details) - USD ($) $ in Thousands	4 Months Ended
	Sep. 30, 2022	Sep. 30, 2023	Dec. 31, 2022
Identifiable assets acquired and liabilities assumed:
Goodwill		$ 638,538	$ 763,388	[1]
MTN telecom towers in South Africa
Disclosure of detailed information about business combination [line items]
Gross consideration			421,239
Net cash consideration			421,239
Identifiable assets acquired and liabilities assumed:
Towers and tower equipment			251,683
Customer related intangible asset			121,465
Network related intangible asset			69,741
Right of use asset			211,936
Lease liabilities			(211,936)
Deferred tax			(51,625)
Provisions for other liabilities and charges			(34,419)
Total identifiable net assets acquired			356,845
Goodwill			64,394
Revenue - post-acquisition	$ 40,927
Profit (Loss) - post-acquisition	$ (17,724)
As previously reported \| MTN telecom towers in South Africa
Disclosure of detailed information about business combination [line items]
Gross consideration			421,239
Net cash consideration			421,239
Identifiable assets acquired and liabilities assumed:
Towers and tower equipment			251,683
Customer related intangible asset			127,957
Network related intangible asset			67,837
Right of use asset			211,315
Lease liabilities			(211,315)
Deferred tax			(52,864)
Provisions for other liabilities and charges			(34,419)
Total identifiable net assets acquired			360,194
Goodwill			61,045
Adjustments \| MTN telecom towers in South Africa
Identifiable assets acquired and liabilities assumed:
Customer related intangible asset			(6,492)
Network related intangible asset			1,904
Right of use asset			621
Lease liabilities			(621)
Deferred tax			1,239
Total identifiable net assets acquired			(3,349)
Goodwill			$ 3,349

[1]re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Business Combinations - Sao Pau

Business Combinations - Sao Paulo Cinco Locacao de Torres Ltda (Details) - Sao Paulo Cinco Locacao de Torres Ltda (SP5) - USD ($) $ in Thousands		6 Months Ended
	Mar. 17, 2022	Sep. 30, 2022
Disclosure of detailed information about business combination [line items]
Percentage of business acquired	100%
Gross consideration	$ 317,188
Less: cash in business at the date of acquisition	(1,896)
Net cash consideration	315,292
Identifiable assets acquired and liabilities assumed:
Customer related intangible asset	48,353
Network related intangible asset	2,520
Right of use asset	266,666
Trade and other receivables	23,575
Lease liabilities	(4,282)
Trade and other payables	(4,222)
Deferred tax	(86,239)
Total identifiable net assets acquired	260,651
Goodwill	54,641
Revenue - post-acquisition		$ 23,287
Profit (Loss) - post-acquisition		$ 6,340
Towers and tower equipment
Identifiable assets acquired and liabilities assumed:
Property, plant and equipment recognised as of acquisition date	13,395
Land
Identifiable assets acquired and liabilities assumed:
Property, plant and equipment recognised as of acquisition date	$ 885

Business Combinations - IHS Kuw

Business Combinations - IHS Kuwait Limited (Details) $ in Thousands	1 Months Ended				9 Months Ended	12 Months Ended
	Aug. 31, 2023 USD ($) item	Sep. 30, 2022 USD ($) item	Oct. 31, 2021 item	Apr. 30, 2021 item	Sep. 30, 2023 item	Dec. 31, 2022	Dec. 31, 2020 item
IHS Kuwait acquisition of towers in Kuwait
Business Combinations
Number of Towers Acquired \| item	101	43
Percentage of interest in net assets acquired					70%	70%
Percentage of interest in net assets held by non-controlling interests					30%	30%
Gross consideration	$ 6,408	$ 2,729
Less: consideration received in exchange for a retained 30% interest (by Zain Kuwait) in IHS GCC KW	(1,922)	(819)
Net consideration for 70% controlling interest in the acquired towers	4,486	1,910
Identifiable assets acquired and liabilities assumed:
Total identifiable net assets acquired	6,408	2,729
Towers and tower equipment	5,576	1,032
Customer related assets	2,224	1,947
Network-related assets	766	671
Trade and other payables	(2,158)	(921)
Total identifiable net assets acquired (at 100%)	6,408	2,729
Total identifiable net assets acquired for purposes of non-controlling interest	6,408	2,729
Non-controlling interest portion of above at 30%	$ 1,922	$ 819
Percentage of net assets acquired (liabilities assumed) as disclosed in the acquisition analysis					100%	100%
IHS Kuwait Limited
Business Combinations
Towers to be acquired \| item							1,620
Number of Towers Acquired \| item			126	67			1,162
Remaining towers yet to acquired \| item					121
IHS Kuwait Limited \| IHS GCC KW
Business Combinations
Shares in IHS GCC KW transferred in business combination							30%

Capital commitments and conti_2

Capital commitments and contingent liabilities (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Disclosure of contingent liabilities in business combination [line items]
Commitments to purchase property, plant and equipment	$ 232,100,000	$ 337,000,000
Legal proceedings provision	0
Litigations and claims
Disclosure of contingent liabilities in business combination [line items]
Contingent liabilities	$ 13,100,000	$ 3,800,000

Events after the reporting pe_2

Events after the reporting period (Details) $ in Thousands, R$ in Millions, R in Millions, ₦ in Billions

1 Months Ended

3 Months Ended

9 Months Ended

Jan. 11, 2023 NGN (₦)

Jan. 11, 2023 USD ($)

Oct. 31, 2023 USD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2023 BRL (R$)

Jun. 30, 2023 NGN (₦)

Jun. 30, 2023 USD ($)

May 31, 2023 NGN (₦)

May 31, 2023 USD ($)

Apr. 30, 2023 NGN (₦)

Apr. 30, 2023 USD ($)

Mar. 31, 2023 NGN (₦)

Mar. 31, 2023 USD ($)

Feb. 28, 2023 NGN (₦)

Feb. 28, 2023 USD ($)

Jan. 31, 2023 NGN (₦)

Jan. 31, 2023 USD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2023 NGN (₦)

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Jan. 31, 2024

Nov. 13, 2023 USD ($)

Nov. 13, 2023 ZAR (R)

Oct. 31, 2023 ZAR (R)

Sep. 30, 2023 USD ($)

May 31, 2023 USD ($)

Feb. 28, 2023 USD ($)

Jan. 03, 2023 NGN (₦)

Jan. 03, 2023 USD ($)

Dec. 31, 2022 USD ($)

Apr. 19, 2020 USD ($)

Disclosure of non-adjusting events after reporting period [line items]

Proceeds from borrowings, classified as financing activities

$ 318,765

$ 118,884

$ 976,944

$ 834,677

Borrowings

$ 3,542,155

$ 3,344,402

Repayments of borrowings, classified as financing activities

$ 226,741

$ 44,184

644,591

$ 114,211

IHS Holding Term Loan Facility

Disclosure of non-adjusting events after reporting period [line items]

Borrowings

370,433

368,630

Nigeria 2023 Term Loan

Disclosure of non-adjusting events after reporting period [line items]

Notional amount

₦ 165

$ 212,800

₦ 124.5

$ 160,500

Decrease in loan facility

₦ (11.5)

$ (14,800)

₦ (29)

$ (37,400)

Borrowings, interest rate

20%

Proceeds from borrowings, classified as financing activities

₦ 11.5

$ 14,800

₦ 15

$ 19,300

₦ 14

$ 18,100

₦ 124.5

$ 160,500

Borrowings

₦ 165

212,800

Nigeria 2023 Term Loan | Forecast | Top of range

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, interest rate

24%

Nigeria 2023 Term Loan | Forecast | Bottom of range

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, interest rate

18%

Nigeria 2023 Term Loan | Forecast | Nigerian MPR

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, adjustment to interest rate basis

2.50%

Nigeria 2023 Revolving Credit Facility (RCF)

Disclosure of non-adjusting events after reporting period [line items]

Notional amount

$ 70,900

₦ 44

$ 56,700

Decrease in loan facility

₦ (11)

$ (14,200)

Borrowings, interest rate

20%

Proceeds from borrowings, classified as financing activities

51,600

Borrowings

$ 0

Repayments of borrowings, classified as financing activities

₦ 40

$ 51,600

Nigeria 2023 Revolving Credit Facility (RCF) | Forecast | Top of range

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, interest rate

24%

Nigeria 2023 Revolving Credit Facility (RCF) | Forecast | Bottom of range

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, interest rate

18%

Nigeria 2023 Revolving Credit Facility (RCF) | Forecast | Nigerian MPR

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, adjustment to interest rate basis

2.50%

IHS (Nigeria) Limited, IHSN NG1, maturing 2023

Disclosure of non-adjusting events after reporting period [line items]

Borrowings

57,448

Repayments of borrowings, classified as financing activities

₦ 16.1

$ 20,800

IHS (Nigeria) Limited, IHSN NG1, maturing 2023 | Top of range

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, interest rate

18%

IHS (Nigeria) Limited, IHSN NG1, maturing 2023 | Bottom of range

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, interest rate

12.50%

IHS (Nigeria) Limited, IHSN NG2, maturing 2023

Disclosure of non-adjusting events after reporting period [line items]

Repayments of borrowings, classified as financing activities

₦ 10

$ 12,900

IHS Kuwait Limited, Bank Borrowings Maturing 2029

Disclosure of non-adjusting events after reporting period [line items]

Notional amount

$ 85,000

Borrowings

$ 62,916

$ 66,251

IHS Brasil Debentures [Member]

Disclosure of non-adjusting events after reporting period [line items]

Proceeds from issue of debentures

$ 238,400

R$ 1200.0

IHS Brasil Debentures [Member] | CDI

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, adjustment to interest rate basis

3.10%

Calculation period for interest rate basis

252 days

Signing of loan agreements | IHS South Africa Overdraft

Disclosure of non-adjusting events after reporting period [line items]

Notional amount

$ 18,500

R 350

Borrowings

$ 6,200

R 117.9

Change in borrowings terms | IHS Holding Bullet Term Loan Facility

Disclosure of non-adjusting events after reporting period [line items]

Notional amount

130,000

Decrease in loan facility

$ 100,000