Company Performance: IHS Holding's financial results, including revenue, profitability, and subscriber growth, directly influence investor confidence.

Telecom Sector Trends: The overall health and growth prospects of the telecommunications industry in emerging markets where IHS operates affect investor sentiment.

Macroeconomic Conditions: Economic factors like inflation, interest rates, and currency exchange rates in IHS's operating regions can impact its profitability and valuation.

Regulatory Environment: Changes in government regulations related to tower infrastructure, licensing, and taxation can significantly affect IHS's operations and financial outlook.

Competition: The competitive landscape, including the presence of other tower companies and alternative infrastructure solutions, influences IHS's market share and pricing power.

Investor Sentiment: Overall market sentiment and investor appetite for emerging market investments can impact IHS's stock price.

Technological Advancements: The adoption of new technologies like 5G and the demand for increased network capacity affect the need for tower infrastructure and IHS's growth opportunities.