Frontier Africa Reports

Global audio/video streaming of pan-African financial news & markets with analysis and insights by traders, analysts, researchers, strategists, execs & others

[Frontier Africa Reports @FrontierAFR]

Commodities Newsnow Oct 28: Ghana’s Tema Oil Refinery is considering a listing on the Ghana Stock Exchange to raise funds for its recovery. Meanwhile, Oryx Energies is set to sell its downstream businesses in Mali, Côte d’Ivoire and Togo to NDC.

In energy, Tanzania has discovered 223 billion cubic feet of natural gas, marking its first major gas discovery in more than a decade. Meanwhile, coffee prices are in focus following a slump in the Brazilian real after President Lula’s re-election.

In global energy markets, oil prices rose more than 1% in early Wednesday trading after an attack on a Saudi refinery renewed concerns over supply disruptions. And in Zambia, President Hakainde Hichilema has appointed Brenda Tambatamba as the country’s new Mines Minister.

To catch up on today’s Commodities NewsNow and the latest energy and commodity market developments, watch the full update on our YouTube channel.

https://t.co/DdrZAZLQ1T

@TemaOilrefinery @gstockexchange @OryxEnergies @HHichilema

[Frontier Africa Reports @FrontierAFR]

Oct 28: CRDB Tanzania Posts 46.7% Profit Jump in 3Q, SA Updates on Gas-to-Power Programme

Tanzania’s CRDB Bank Group has reported a 46.7% rise in third-quarter profit after tax to 255.2 billion Tanzanian shillings, supported by stronger interest and non-interest income. Net interest income increased 36.6% to 474.5 billion shillings, while total assets grew 34.2% to 27.45 trillion shillings. The bank also recorded a decline in its non-performing loan ratio to 2.27%, although loan impairments more than doubled.

Meanwhile, Africa’s energy future is taking centre stage in the ISCA Discussion Series, which examines the continent’s changing energy landscape and strategic priorities. The discussion focuses on energy security, investment opportunities and the challenges of balancing economic development with the transition to cleaner energy sources.

To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel.

https://t.co/9Ayfcg07fy

@BankofNamibia @AlikoDangote @DangoteGroup @DangoteAfricaa @kenyapipeline @NSE_PLC @OlympiaHoldings @zimstat @afreximbank @OryxEnergiesGL @GeorgeElombi @BPRbankrw @OryxEnergies @Oryx_EnergiesUG @Peshmutesi @gtbank @GTBankGhana @GTBankRW @gtbankke @GTBankLiberia @gtbankgambia @gtbankug @gtbankci @ngxgrp @cenbank @BBoason @GBSAfrica @AgnesGitau @GraceOghenekaro @arnomerc

[Frontier Africa Reports @FrontierAFR]

Oct 28: Guaranty Trust Holding Company (GTCO), one of Nigeria's listed and largest financial services provider, has reported a 12.2% decline in the first nine months of 2026. In a report filed with the NGX this week, GTCO says its net profit dipped to NGN615.57 billion, despite a 5% increase in headline interest income. The earnings reflect pressure on earnings amid higher interest, operating and tax expenses, alongside weaker non-interest income, during the reporting period of January to September this year.

There's a lot more to learn and use from today's curated headlines as Frontier Africa Reports brings you all the headlines that track how #MoneyMoves across the continent and around the world. Visit our website and subscribe to our YouTube. It’s FREE.

https://t.co/KsSHbRbVFG

@BankofNamibia @AlikoDangote @DangoteGroup @DangoteAfricaa @kenyapipeline @NSE_PLC @OlympiaHoldings @zimstat @afreximbank @OryxEnergiesGL @GeorgeElombi @BPRbankrw @OryxEnergies @Oryx_EnergiesUG @Peshmutesi @gtbank @GTBankGhana @GTBankRW @gtbankke @GTBankLiberia @gtbankgambia @gtbankug @gtbankci @ngxgrp @cenbank @BBoason @GBSAfrica @AgnesGitau @GraceOghenekaro @arnomerc

[Frontier Africa Reports @FrontierAFR]

Commodities Newsnow Oct 27: Algeria has invited Azerbaijani oil companies to bid for seven exploration blocks, as the country seeks to attract investment into its energy sector. Meanwhile, TotalEnergies has agreed to sell a 10% stake in Nigeria’s Renaissance joint venture to Vaaris Energy for US$800 million.

In mining, Compass Gold has signed a memorandum of understanding for a proposed gold processing plant in Mali, with a capacity of 1,000 tonnes per day. Meanwhile, Canadian-listed Waraba Gold plans to acquire an 80% stake in a mining licence in Côte d’Ivoire for US$3.3 million.

In global markets, iron ore prices have fallen to their lowest level in more than two years amid weak demand expectations and rising supply. And in the downstream energy sector, Gulfcam CEO Albert Roger Boum has resigned ahead of taking up a role with Puma Energy in Congo.

To catch up on today’s Commodities NewsNow and the latest energy and commodity market developments, watch the full update on our YouTube channel.

@TotalEnergies @AlgPresidency

https://t.co/hohIeCtFhv

[Frontier Africa Reports @FrontierAFR]

Oct 27: Morocco Leads RMB's Where to Invest in Africa, Libya Lifts 11-Yrs Aviation Restriction

Rand Merchant Bank has launched its Where to Invest in Africa 2026/27 report, highlighting investment opportunities in African economies strengthening reforms, institutions and economic resilience. The report introduces a resilience and vulnerability framework, alongside traditional country rankings, to help investors identify markets better positioned to withstand economic challenges.

Meanwhile, Libya has seen international aviation restrictions lifted after 11 years, potentially opening its airspace to more airlines and boosting government revenue. According to the Transport Ministry, registered monthly transit permits have surged to 61,968 for the November 2026 to March 2027 winter season, compared with an average of 2,000 monthly transit flights last winter. However, the permits do not represent confirmed flights or guaranteed revenue.

To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel.

https://t.co/cBdrvUH7fO

@NBEthiopia @TheOPECFund @OPECSecretariat @OPECnews @UnitedCap @ashade_peter @UAEmediaoffice @NBMplc @MalawiStock @SafaricomPLC @CBKKenya @Safaricom_Care @ESXEthiopia @yankubamcie @BBoason @AgnesGitau @GBSAfrica @GraceOghenekaro

[Frontier Africa Reports @FrontierAFR]

Oct 27: United Capital Plc reported a 50.4% increase in nine-month revenue to NGN62.47 billion for the period ended September 30, 2026, from NGN41.54 billion a year earlier. Net income rose 64.5% to NGN34.83 billion, while basic and diluted earnings per share increased to NGN2.58 from NGN1.57.

There's a lot more to learn and use from today's curated headlines as Frontier Africa Reports brings you all the headlines that track how #MoneyMoves across the continent and around the world. Visit our website and subscribe to our YouTube. It’s FREE.

https://t.co/e9IXQ5dwu0

@NBEthiopia @TheOPECFund @OPECSecretariat @OPECnews @UnitedCap @ashade_peter @UAEmediaoffice @NBMplc @MalawiStock @SafaricomPLC @CBKKenya @Safaricom_Care @ESXEthiopia @yankubamcie @BBoason @AgnesGitau @GBSAfrica @GraceOghenekaro

[Frontier Africa Reports @FrontierAFR]

Commodities Newsnow Oct 26: Zambia has launched a gold refinery aimed at boosting local processing and retaining more value from its mineral resources. Meanwhile, Egypt and the World Bank have launched a national charter to support the development of the country’s mining sector.

In energy, Italy’s Eni has completed the sale of its Nigerian subsidiary, AENR, to local firm Apex. Meanwhile, Oryx Energies is set to sell its downstream oil business in Tanzania to Amsons Group.

In global markets, oil prices fell in early Monday trading amid hopes of easing tensions between the United States and Iran. And in Egypt, the government has commissioned a seismic survey covering 1,035 square kilometres in the Gulf of Suez, as part of efforts to support oil and gas exploration.

To catch up on today’s Commodities NewsNow and the latest energy and commodity market developments, watch the full update on our YouTube channel.

https://t.co/CZl0pIYPYD

@WorldBankGroup @WorldBankAfrica @eni @oryxenergiesUG @OryxEnergiesGL @OryxEnergies @amsonsgroup

[Frontier Africa Reports @FrontierAFR]

Oct 26: Airtel Money HY1 Rev. Tops $830mn, Afreximbank Posts 24% Net Income Growth in 9-Mths

Airtel Money has reported revenue of US$830 million for the six months to September 2026, up 25.1% in constant currency, in its first financial results since listing on the London Stock Exchange. Profit after tax rose to US$228 million from US$188 million, while its customer base grew 18.7% to 56.7 million. The company also declared an interim dividend of 6.4 US cents per share, reaffirming its full year outlook.

Meanwhile, Afreximbank has reported a 24% increase in nine-month net income to US$813.5 million, supported by stronger lending and higher interest income. Gross income rose 11% to US$2.7 billion, while net loans and advances increased 8% to US$36.2 billion. Total assets and contingencies also climbed to US$54.1 billion, although the bank recorded a slight increase in non-performing loans.

To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel.

https://t.co/Qsx67dY2ov

@afreximbank @AirtelMoney_Rw @airtelmoneyug @moneyairtel_rdc @airtelmoney_ne @airtelafrica
@AirtelNigeria @AIRTEL_KE @Airtel_Ug @airtel_tanzania @bhartinews @LSEplc @FMDQGroup @BOU_Official @mofpedU @FATFNews @GovernmentZA @economics_ma @moodysafrica @Moodys @moodysratings @BBoason @arnomerc @GBSAfrica @GraceOghenekaro @FEDA_Finance @GeorgeElombi @AfCFTA @afcfta2 @iatf2027 @PresidencyZA

[Frontier Africa Reports @FrontierAFR]

Oct 26: Airtel Money reported a 25.1% increase in first-half revenue to $850 million in constant currency, supported by growth in its customer base and transaction activity. The company also declared an interim dividend of 6.4 US cents per share, following its London Stock Exchange debut earlier this month.

Welcome to a new week as Frontier Africa Reports brings you all the headlines that track #MoneyMoves across the continent and around the world. Visit our website and subscribe to our YouTube. It’s FREE.

https://t.co/7FAzo9jPsc

@afreximbank @AirtelMoney_Rw @airtelmoneyug @moneyairtel_rdc @airtelmoney_ne @airtelafrica
@AirtelNigeria @AIRTEL_KE @Airtel_Ug @airtel_tanzania @bhartinews @LSEplc @FMDQGroup @BOU_Official @mofpedU @FATFNews @GovernmentZA @economics_ma @moodysafrica @Moodys @moodysratings @BBoason @arnomerc @GBSAfrica @GraceOghenekaro @FEDA_Finance @GeorgeElombi @AfCFTA @afcfta2 @iatf2027 @PresidencyZA

[Frontier Africa Reports @FrontierAFR]

Oct 23: ESX Admits Prize Worth Invs. Bank, Morocco's Inflation Rises to 0.5% in Sept.

The Ethiopian Securities Exchange has admitted Prize Worth Investment Bank as its ninth trading member, expanding access to the country’s emerging capital market. The bank received its membership certificate on October 22, following regulatory approval from the Ethiopian Capital Market Authority. The admission allows Prize Worth to trade securities on behalf of clients, as Ethiopia continues to develop its capital market.

Meanwhile, Morocco’s consumer prices rose 1% in September compared with the previous month, driven by higher food and non-food costs. Food prices increased 1.6%, with meat and vegetables rising 4.3% each, while fuel prices climbed 2%. Annual inflation stood at 0.5%, as rising non-food costs were partly offset by lower food prices.

To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel.

https://t.co/B5rmeyE5DO

@FitchRatings @minfi_cameroun @ESXEthiopia @CMAEthiopia @_AfricanUnion @HibretBank @NBEthiopia @badeabank @CBZHoldings @ReserveBankZIM @FMDQGroup @ONCFgroup @BankAlMaghrib @BBoason @AgnesGitau @GBSAfrica @arnomerc @GraceOghenekaro

[Frontier Africa Reports @FrontierAFR]

Oct 23: The Arab Bank for Economic Development in Africa (BADEA) and Zimbabwe’s CBZ Bank are planning a $50 million trade finance facility to support businesses in Zimbabwe. The proposed facility is expected to improve access to financing for local companies, facilitate cross-border trade and strengthen private-sector activity.

Welcome to the end of the week as Frontier Africa Reports brings you all the headlines that track #MoneyMoves across the continent and around the world. Visit our website and subscribe to our YouTube. It’s FREE.

https://t.co/vCe5iVmpbK

@FitchRatings @minfi_cameroun @ESXEthiopia @CMAEthiopia @_AfricanUnion @HibretBank @NBEthiopia @badeabank @CBZHoldings @ReserveBankZIM @FMDQGroup @ONCFgroup @BankAlMaghrib @BBoason @AgnesGitau @GBSAfrica @arnomerc @GraceOghenekaro

[Frontier Africa Reports @FrontierAFR]

Commodities Newsnow Oct 22: South Africa’s Afrimat has reported a 4.3% decline in first half revenue to 5.1 billion rand, while earnings per share plunged 97.4% to 2.6 cents. Meanwhile, Metals One is set to acquire South Africa’s Lions Bay Resources in a £6.5 million all-share deal.

In energy, Burundi has signed a US$1.4 billion agreement with Weza Power to expand electricity access by 2030. Meanwhile, Ghana has ordered the standardisation of pay and employment conditions across its mining sector.

In global energy markets, oil prices rose in early Thursday trading amid concerns over renewed U.S. strikes against Iran. And in Mozambique, Eni has launched a tender for a US$130 million gas fired power plant.

To catch up on today’s Commodities NewsNow and the latest energy and commodity market developments, watch the full update on our YouTube channel.

https://t.co/hhN1dK84mI

@Afrimat_Ltd @WezaPower @eni

[Frontier Africa Reports @FrontierAFR]

Oct 22: Egyptian Exchange Set to Launch Short Selling, Guinness Nigeria EPS Jumps 52.7% in 3Q

Egypt’s Financial Regulatory Authority has issued a model agreement for securities borrowing, bringing the country closer to the official launch of short selling on the Egyptian Exchange. The agreement sets out the terms for brokerage firms and investors borrowing shares through a centralised lending system. The reform aims to establish a framework that allows investors to sell borrowed shares and potentially profit from falling stock prices.

Meanwhile, Guinness Nigeria has reported a 52.7% rise in third-quarter earnings per share to 7 naira 3 kobo, bringing nine-month earnings per share to 18 naira 58 kobo. Revenue increased 41% year-on-year, supported by stronger sales volumes and domestic demand, while net finance costs fell 77.2%. The company also declared an interim dividend of 7 naira per share, despite rising operating expenses.

To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel.

https://t.co/Yiw9piKudK

@Treasury_RSA @EGodongwana @BOU_Official @mofpedU @SanlamAllianzKe @sanlam @TumboPatrick @CheryAutoCo @SA_Chery @MoroccanGov @laprophan @CorpInvestment @BBoason @AgnesGitau @GBSAfrica @GraceOghenekaro @arnomerc

[Frontier Africa Reports @FrontierAFR]

Oct 22: Angola has launched its first digital procurement ecosystem targeting the oil and gas, mining and aviation sectors, with the platform expected to cut payment timelines by up to 70%. The initiative also aims to increase the participation of local companies in strategic supply chains and improve efficiency in procurement and payments.

There's a lot more to learn and use from today's curated headlines as Frontier Africa Reports brings you all the headlines that track how #MoneyMoves across the continent and around the world. Visit our website and subscribe to our YouTube. It’s FREE.

https://t.co/n3GHn7GI7P

@Treasury_RSA @EGodongwana @BOU_Official @mofpedU @SanlamAllianzKe @sanlam @TumboPatrick @CheryAutoCo @SA_Chery @MoroccanGov @laprophan @CorpInvestment @BBoason @AgnesGitau @GBSAfrica @GraceOghenekaro @arnomerc

[Frontier Africa Reports @FrontierAFR]

Oct 21: SA's New Budget Goes Before Parliament, B. Faso Bans Key State Firms from Going Public

South Africa’s Finance Minister has presented the 2026 Medium-Term Budget Policy Statement, outlining the government’s fiscal priorities and economic outlook. The statement provides updates on revenue, public spending and debt projections, as the government seeks to balance economic growth with fiscal sustainability.

Meanwhile, Burkina Faso has unanimously passed a law banning the privatisation of strategic state owned enterprises, with all 71 lawmakers voting in favour on October 19. The legislation also allows the government to acquire or increase stakes in private businesses operating in strategic sectors. Replacing a 1993 law, the new framework aims to strengthen state control over enterprises considered critical to national sovereignty, security and economic development.

To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel.

https://t.co/GyT0QtSWtn

@StatsGhana @thebankofghana @African_Markets @AfDB_Group @afreximbank @africa_finance @TheOfficialBSE @AlikoDangote @DangoteGroup @DangoteAfricaa @DangoteCement @kenyapipeline @NSE_PLC @Treasury_RSA @SAReserveBank @boltapp @Vodacom @VodacomTanzania @MPESAAfrica @SafaricomPLC @attijari_bank @BBoason @AgnesGitau @GraceOghenekaro @moneywebIFA

[Frontier Africa Reports @FrontierAFR]

Oct 21: Bolt and Vodacom Tanzania have launched a Ride-Now-Pay-Later service that allows eligible customers to take rides on credit and repay later through M-Pesa. The service uses Mgodi to provide embedded mobility credit, giving Vodacom customers access to ride financing through Bolt and M-Pesa channels.

There's a lot more to learn and use from today's curated headlines as Frontier Africa Reports brings you all the headlines that track how #MoneyMoves across the continent and around the world. Visit our website and subscribe to our YouTube. It’s FREE.

https://t.co/0qqf6ZcqwC

@StatsGhana @thebankofghana @African_Markets @AfDB_Group @afreximbank @africa_finance @TheOfficialBSE @AlikoDangote @DangoteGroup @DangoteAfricaa @DangoteCement @kenyapipeline @NSE_PLC @Treasury_RSA @SAReserveBank @boltapp @Vodacom @VodacomTanzania @MPESAAfrica @SafaricomPLC @attijari_bank @BBoason @AgnesGitau @GraceOghenekaro @moneywebIFA

[Frontier Africa Reports @FrontierAFR]

Oct. 21: The $12 billion Afrinex Exchange based in Mauritius is ready for a new pipeline of equities and fixed income listings from Africa, India and the Island itself. That’s according to the CEO Thapelo Tsheole in this interview chat with FAR CEO Boason Omofaye during his recent visit to the bourse on the Island of the Indian Ocean. Enjoy it.

https://t.co/zhp0neRDZ9

@AFRINEXEXCHANGE @TTsheole_ @TheOfficialBSE @sbmmauritius @CMARwanda @AseaSecretariat @MwangoCapital @HCI_PortLouis @EDBMauritius @BBoason @GraceOghenekaro @AgnesGitau

[Frontier Africa Reports @FrontierAFR]

Commodities Newsnow Oct 20: Global copper mines will need an estimated US$322 billion in new investment to address a projected supply shortfall. Meanwhile, Arabica coffee futures fell 0.5% to US$3.14 per pound in early Tuesday trading, amid pressure linked to movements in Brazil’s real.

In financial markets, NewGold Issuer reported a net profit of US$2.55 million for the first half of the year, with pre-tax profit reaching US$3.50 million and dividends totalling US$2.82 million. Meanwhile, Egypt and South Africa have launched an investment partnership to boost cooperation in mining and industrial infrastructure.

In energy, Eni has launched a gas hub project in Egypt aimed at adding 100 million cubic feet of daily capacity. And in Libya, the National Oil Corporation and Eni have started up a gas recovery module at the Bouri field, aimed at ending gas flaring.

To catch up on today’s Commodities NewsNow and the latest commodity market developments, watch the full update on our YouTube channel.

https://t.co/4THzJgLALy

@eni @NOC_Libya