Frontier Africa Reports

Mar 24: Europe is back on the African continent hunting for gas as the war in the Middle East continues into a fourth week. Meanwhile, Ukraine, already strained by the five-year war with Russia, is looking to tap into liquefied natural gas imports from Mozambique in Southern Africa. In earnings news, Consolidated Copper has reported $80 million in revenue from the sale of residual interest in Tschudi, while forecasting a strong return in mining in the first quarter of 2027. In regional news, South Africa and DR Congo have signed a deal to boost mining growth in the area, even as Pretoria have signaled its intentions to return to talks in April over the Inga-3 hydropower facility. Finally, oil prices continued their wild swings on Tuesday, no thanks to the Middle East conflict. Stay informed on the latest in commodities by visiting frontierafricareports.com and subscribing to Frontier Africa Reports on YouTube. Don’t forget to follow us across all our social media channels for real time updates.

Mar 24: Kenya Airways Reports Ksh 17.9bn Loss in 2025, Bank of Abyssinia Completes Shares E-Reg. Kenya Airways reported a pre-tax loss of KSh 17.93 billion for 2025, reversing the profit recorded in 2024. Revenue declined 14% to KSh 161.47 billion, impacted by an 18% reduction in capacity and the temporary grounding of three Boeing 787-8 aircraft due to supply chain constraints. The airline plans to improve performance by adding another aircraft to its London Heathrow route and expanding cargo operations with Boeing 777 freighters. Meanwhile, Bank of Abyssinia has completed the electronic registration of its shares, moving fully to a digital securities system ahead of its planned listing on the Ethiopian Securities Exchange. From March 17, 2026, physical share certificates are no longer valid, with all transactions now processed through the Central Securities Depository. Today’s energy prices rose. Brent crude increased by 3.08%, U.S. WTI climbed 4.22%, and RBOB gasoline gained 3.75%. In metals, gold fell by 0.67%, while copper declined by 1.31%. So, plenty of movement across Africa’s business and financial space. That’s where we’ll leave it for today stay connected for more updates on Africa’s markets and business environment. @frontierafricareports?si=1V2HhU1vawNwS3tH" target="_blank" rel="nofollow noopener">youtube.com/@frontierafric… @AbyssiniaBank @CMAEthiopia @ESXEthiopia @stanbicug @IRENA @KenyaAirways @Boeing @LuSE_Plc @dotcomzambia @ngxgrp @hm_womenaffairs @ExploreLegend @Spectranet_NG @FLCalv @NSE_PLC @ngxgrp @gstockexchange @dsxem @JSE_Group @NSE_PLC @EgxEgyptian @ESXEthiopia @BRVM_UEMOA @ZSE_ZW @BBoason

Mar 24: Kenya Airways Reports Ksh 17.9bn Loss in 2025, Bank of Abyssinia Completes Shares E-Reg. Join us as we break it all down. @frontierafricareports?si=1V2HhU1vawNwS3tH" target="_blank" rel="nofollow noopener">youtube.com/@frontierafric…

Mar 23: MTN Mupita on Vision for Multi-Decade Impact, Thungela Slides in FY HEPS Loss of R6.47 In the latest episode of the MTN Y’ello Chair Series, Ralph Mupita speaks on leadership, long term strategy, and the opportunities shaping the future of the business. The discussion focuses on vision driven leadership and the kind of strategic thinking required to build companies that can deliver impact over decades. Also, Thungela Resources reported a headline loss per share of 6.47 rand for 2025, compared with earnings of 25.59 rand the previous year, as weaker coal prices and a stronger rand weighed on performance. Revenue declined 17% to 29.6 billion rand, reflecting lower demand from key markets such as China and India, as well as reduced export prices. Markets opened the week on a mixed note, with the NSE dropping 2.76%, the SEM inching up 0.18%, and the ZSE climbing 1.45%. In metals, gold declined 2.07%, while copper edged higher by 1.74%. And that’s how we begin the new week, with leadership insights and key earnings updates setting the tone for the days ahead. Stay connected with Frontier Africa Reports on LinkedIn and Facebook, follow us on X @FrontierAFR and Instagram @frontierafrlive, and visit frontierafricareports.com as we track the stories shaping Africa’s markets throughout the week. @AlikoDangote @DangoteGroup @GOVUK @National_Bank @imbankke @imbankrw @imbankug @Sida @WorldBankGroup @MTNGroup @NSE_PLC @ngxgrp @gstockexchange @dsxem @JSE_Group @NSE_PLC @EgxEgyptian @ESXEthiopia @BRVM_UEMOA @ZSE_ZW @BBoason

Mar 23: The pains of the ongoing war in Iran is expected to continue well after the drones and missile attacks have stopped. For now, the IEA has estimated that  more than 40 oil and gas facilities have been damaged in the now four week's old hostilities in the Middle East. Don't expect those facilities to be back on stream immediately. Meanwhile, Goldman Sachs has raised its forecast for global oil prices in 2026 as the Wan on Iran continues. Good news as Egypt pledges to clear the $1.3 billion arrears due to international oil companies by June. In earnings news, Caledonia Mining has reported a whopping +193% jump in its net profit for 2025 at $67.5 million on the back of red-hot bullion prices and steady sales volume. Welcome to a new week of uncertainty. You can get updates on all things commodities at lnkd.in/dmEPEnr and at Frontier Africa Reports #YouTube. Follow us on all social media platforms.

Mar 23: MTN Mupita on Vision for Multi-Decade Impact, Thungela Slides in FY HEPS Loss of R6.47 New week, new Money Moves. Catch us live today at 4pm today @frontierafricareports?si=1V2HhU1vawNwS3tH" target="_blank" rel="nofollow noopener">youtube.com/@frontierafric…

US$12 Billion Afrinex Bourse Positioning As Africa-India Investment Bridge The Mauritius-based Afrinex Exchange has positioned itself as the investment gateway between Africa, India and the wider Asia, signing up deals with India's National Exchange, and looking to leverage its location to midwife increased flows into mainland Africa. There is more from Thapele Tsheole, CEO Afrinex in this insightful interview chat with Boason Omofaye, Executive Editor, Frontier Africa Reports. Mr. Tsheole was a former President of the African Securities Exchanges Association (ASEA), a former CEO of the Botswana Stock Exchange and the Director General of the Botswana Securities & Exchange Commission. youtu.be/wv0XuNTzjOQ @BWGovernment #ThapeloTsheole, @MauritiuSemdex @AFRINEXEXCHANGE @AseaSecretariat, @india_inx @BBoason @FMDQGroup, @MwangoCapital

20th Mar 2026: @thebankofghana cuts policy rate to 14% to control inflation and support growth news.frontierafricareports.com/article/bog-cu…

Mar 18: Equity Bank sees DRC Beating Kenya by 2028, Afrinex Mauritius Bridging Africa-India Investments, Etc. Equity Group Holdings Kenya has held its 2025 full year investor briefing, presenting its financial results and highlighting performance across key markets. Group CEO Dr. James Mwangi reviewed the FY25 earnings and shared insights on evolving market dynamics, pointing to potential growth opportunities in the Democratic Republic of Congo, which could outpace Kenya in certain business segments by 2028. Also, The AfriNex Exchange, valued at around $12 billion and based in Mauritius, is positioning itself as a bridge for investment flows between Africa, India, and the broader Asian market. CEO Thapelo Tsheole, speaking to Frontier Africa Reports, highlighted upcoming product launches expected in 2026 and pointed to increasing competition within the Indian Ocean’s financial hub. On today’s market, MASI edged up 2.62%, JSE dropped 2.52% and ZSE lowered 1.08%. Energy prices rose today with Brent Crude up 4.76%, US WTI gained 2.26% and Natural gas increased 0.59%. This is where we wrap up for today. Stay connected as we continue tracking the developments shaping markets across the continent. Follow Frontier Africa Reports on LinkedIn and Facebook, connect with us on X @FrontierAFR and Instagram @frontierafrlive, and visit frontierafricareports.com for more updates. @KeEquityBank @jmequity @GovtOfKenya @africa_finance @BankOfTanzania @SPGlobal @AFRINEXEXCHANGE @TTsheole_ @AfDB_Group @fscasouthafrica @TheFCA @IOSCOPress @NSE_PLC @ngxgrp @gstockexchange @dsxem @JSE_Group @NSE_PLC @EgxEgyptian @ESXEthiopia @BRVM_UEMOA @ZSE_ZW @BBoason

Mar 18: Equity Bank sees DRC Beating Kenya by 2028, Afrinex Mauritius Bridging Africa-India Investments, Etc. Catch us live today at 4pm as we unpack the trends driving Africa’s financial future. @frontierafricareports?si=1V2HhU1vawNwS3tH" target="_blank" rel="nofollow noopener">youtube.com/@frontierafric…

Mar 17: Zambia News Rules for Virtual Assets Providers, Togo Adopts New Measures for Cashew Trade In Zambia, the central bank is developing a comprehensive framework to regulate Virtual Asset Service Providers, as part of efforts to strengthen oversight in the fast growing digital asset space. The Bank of Zambia has also directed all individuals and firms offering crypto related services to register by March 27, 2026, signaling a more structured and monitored approach to the sector. Meanwhile, Togo has introduced new regulations aimed at boosting local value addition in its cashew industry. Under the new directive, buyers and cooperatives must supply at least one-third of their volumes to domestic processors before exporting. The measures also enforce stricter documentation and accreditation requirements, with unauthorized shipments subject to seizure. Energy prices are on the high today. Brent crude rose 2.24%, US WTI edged up 1.98% and RBOB Gasoline inched higher 2.78%. On metals, copper declined 0.97%, and gold gained 0.30%. Join us tomorrow as we keep tracking the developments that matter across the continent. Stay connected on @frontierafricareports?si=1V2HhU1vawNwS3tH" target="_blank" rel="nofollow noopener">youtube.com/@frontierafric… @MorganStanley @GovernmentZA @SAReserveBank @OldMutualSA @BankofZambia @Moodys @moodysratings @BWGovernment @bancomoc @MPESAAfrica @GouvTg @NSE_PLC @ngxgrp @gstockexchange @dsxem @JSE_Group @NSE_PLC @EgxEgyptian @ESXEthiopia @BRVM_UEMOA @ZSE_ZW @BBoason

Mar 17: Ethiopia has asked all coffee merchants to release beans from their warehouse, even as global prices of the product softens. Meanwhile, Cameroon has announced the unveiling of CFA 1.0billion coffee roasting unit in the country. Still on soft commodities, Togo has directed that one-third of the country's cashew trade should be processed locally before the balance is set for exports, as part of increasing local value inputs and creating jobs in the local economy. News reports say that Senegal is planning to clean up its extractive sector by revoking 71 mining and quarry operations licenses.  Finally, the shock to the global oil market due to the ongoing Iran's conflict, is expected to have more impact on jet fuel and diesel prices, rather than the barrel of crude oil itself, and that's according to Goldman Sachs. Visit frontierafricareports.com for updates on commodity news. Make sure to leave a like, comment and don’t forget to share. @GoldmanSachs @senegalgov @GouvTg

Mar 17: Zambia News Rules for Virtual Assets Providers, Togo Adopts New Measures for Cashew Trade We’re LIVE at 4PM, don’t miss it. @frontierafricareports?si=1V2HhU1vawNwS3tH" target="_blank" rel="nofollow noopener">youtube.com/@frontierafric…

Mar 16: The military authorities in Mali, has started the sharing of $33 million gold mining revenue to the local communities where the resource was exploited.  However, across the Sahel in Sudan, Perseus Mining announces its exit from the country spinning-off its Meyas gold project for $372 million. In Ethiopia, the administration of Prime Minister Abiy Ahmed has signed a $4.2 billion deal for key projects iron, potash and gold as the country looks to diversify and deepen the economy. Finally, bad news for RioZim whose coal mining license was withdrawn by the government over the failure of the company to deliver on its power plant project. Stay up to date on global commodity news, with Fronter Africa. Go to frontierafricareports.com Visit, Subscribe. Share. Like. @AbiyAhmedAli @PerseusMining

Mar 16: MTN Group's $2.8bn FY25 Profit Beats, Sanlam and Allianz Maroc Boards Okay Merger MTN Group has returned to profitability, reporting 47.4 billion rand in profit before tax for 2025, compared with a 4.1 billion rand loss in 2024. The rebound was largely driven by strong performances from MTN Nigeria and MTN Ghana, which helped lift overall revenue and earnings across the group’s operations. Sanlam Maroc and Allianz Maroc have approved plans to merge, with Sanlam Maroc set to absorb Allianz Maroc to form a larger and better capitalized insurer. The combined entity is expected to strengthen market reach, improve service delivery, and accelerate digital innovation within Morocco’s insurance sector. Markets opened the week on a mixed note. The NSE edged up 0.15%, the ZSE gained 0.09%, while the SEM slipped 0.41%. In metals trading, copper climbed 0.78%, while aluminum declined 0.49%. And that’s how we begin the new week with major corporate developments across Africa’s telecom and insurance industries. Stay with Frontier Africa Reports this week as we continue tracking the stories shaping the continent’s markets and economies. This is where you’ll find the updates that matter. @MTNGroup @MTNRwanda @MTNNG @MTNza @mtnug @MTNGhana @sanlam @IEA @fbirol @SPGlobal @CyrilRamaphosa @GovernmentZA @Savola_Group @NSE_PLC @ngxgrp @gstockexchange @dsxem @JSE_Group @NSE_PLC @EgxEgyptian @ESXEthiopia @BRVM_UEMOA @ZSE_ZW @BBoason

Mar 16: MTN Group's $2.8bn FY25 Profit Beats, Sanlam and Allianz Maroc Boards Okay Merger. New week, new Money Moves. Join us live today at 4pm as we break down the stories. @frontierafricareports?si=1V2HhU1vawNwS3tH" target="_blank" rel="nofollow noopener">youtube.com/@frontierafric…

Mar 13: CBN Tightens the Noose on Big Loan Defaulters, Sanlam’s Business Volume Tops R500bn in 2025. The Central Bank of Nigeria has instructed banks to restrict new credit to large borrowers with non-performing loans recorded in the Credit Risk Management System or by credit bureaus. Such borrowers will be barred from additional facilities, including letters of credit, guarantees, and performance bonds, while banks must secure existing exposures with stronger collateral. The move targets high value obligors whose debt levels could pose systemic risks. Meanwhile, Sanlam closed 2025 with record new business volumes nearing R500 billion, up 18% year-on-year. Headline earnings, however, fell 18% to R16.55 billion, reflecting currency effects, structural adjustments, and weaker investment returns. The group’s underlying financial services result rose 3% to R15.9 billion, highlighting steady core performance. As we close the week, let’s take a look at the days market. BRVM lowered 0.38%, NSE rose 0.12% and NGX increased by 0.76%. On soft commodities, cocoa inched up 1.81% and coffee dropped 0.94%. And with that, we round off another busy week across Africa’s financial markets. If you missed any of the key stories, the weekend is the perfect time to catch up. Find us on LinkedIn and Facebook @ Frontier Africa Reports, follow the conversation on X @FrontierAFR and Instagram @frontierafrlive, and explore more insights at frontierafricareports.com. @SADC_News @WilliamsRuto @GovtOfKenya @AfDB_Group @BCI_OMeuBanco @cenbank @olayemicardoso1 @sanlam @RwandaGov @inclusIFF @SorayaMHlive @CentralBankRw @BankAwash @Mastercard @NSE_PLC @ngxgrp @gstockexchange @dsxem @JSE_Group @NSE_PLC @EgxEgyptian @ESXEthiopia @BRVM_UEMOA @ZSE_ZW @BBoason

Mar 13: Another nail biting week at the global oil market formally ends today, but the uncertainty and concerns around crude oil remain as the Middle East conflict rages on. Oil prices touched $100 barrels in the course of the week, even as President Trump says oil vessels should show some gut and move through the dangerous waters of the Strait of Hormuz. Not so far from that region, TotalEnergies says the energy giant has resumed production at Libya's Maruk oilfield. And talking renewables, CEC Renewables - a subsidiary of Copperbelt Energy - has reported a decent +14% growth in revenue for the 2025 financial year. Its operations in Zambia showed a +13% jump in EBITDA, while net profit was stronger by 65%. The company also reported on the payment of its bond obligations. There's more than enough to keep everyone busy across Africa's commodities market...from metals to soft commodities.