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. youtu.be/U_67DoTPYA8 @Afrimat_Ltd @WezaPower @eni

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. youtube.com/live/W-Sc0HQvd_Y @Treasury_RSA @EGodongwana @BOU_Official @mofpedU @SanlamAllianzKe @sanlam @TumboPatrick @CheryAutoCo @SA_Chery @MoroccanGov @laprophan @CorpInvestment @BBoason @AgnesGitau @GBSAfrica @GraceOghenekaro @arnomerc

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. youtu.be/yeXMqP0m3sc @Treasury_RSA @EGodongwana @BOU_Official @mofpedU @SanlamAllianzKe @sanlam @TumboPatrick @CheryAutoCo @SA_Chery @MoroccanGov @laprophan @CorpInvestment @BBoason @AgnesGitau @GBSAfrica @GraceOghenekaro @arnomerc

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. youtube.com/live/Hi27T3TEH58 @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

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. youtu.be/zDwrisWcijc @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

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. youtu.be/QLt_FLm1zPs @AFRINEXEXCHANGE @TTsheole_ @TheOfficialBSE @sbmmauritius @CMARwanda @AseaSecretariat @MwangoCapital @HCI_PortLouis @EDBMauritius @BBoason @GraceOghenekaro @AgnesGitau

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. youtu.be/_ls5L6tuXqM @eni @NOC_Libya

Oct 20: Nedbank Completes 66% NCBA Kenya Deal, Egypt Urban Inflation Eases to 13.9% South Africa’s Nedbank Group has finalised its 13.9 billion rand deal to acquire a 66% stake in Kenya’s NCBA Group, after securing all regulatory approvals. The acquisition strengthens Nedbank’s presence in East Africa, with NCBA operating across Kenya, Uganda, Tanzania, Rwanda and Côte d’Ivoire. NCBA will remain listed on the Nairobi Securities Exchange, retaining its brand and local leadership. Meanwhile, Egypt’s annual urban inflation eased to 13.9% in September 2026, from 14.5% in August, according to the Central Bank of Egypt. Non-food inflation slowed to 18% from 19.5%, while food inflation rose to 7.2% from 6.3%. Annual core inflation also declined to 14.1%, signalling easing underlying price pressures despite rising food costs. To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel. youtube.com/live/tVvpbD8jllw @ngxgrp @jchiemeka2 @euromoney @MNT_Halan @EFG_Holding @EgxEgyptian @Nedbank @NCBABankKenya @NSE_PLC @JohnGachora @ReserveBankMW @WorldBankGroup @CIB_EG_OFFICIAL @BOU_Official @jpmorgan @cenbank @BBoason @AgnesGitau @GBSAfrica @arnomerc @GraceOghenekaro @CMAKenya @WorldBankAfrica @IFC_org @MIGA @Diop_IFC @CBKKenya @fscasouthafrica @SECNigeria @olayemicardoso1 @MwangoCapital @AseaSecretariat

Oct 20: The shares of Egypt's MNT-Halan rose 18% on its market debut on Tuesday, and closed EGP 26.12 on the EGX trading board, following the country’s largest US dollar-denominated IPO since 2021, which highlights investors demand for the company’s shares. The company 's business was valued at $770 million, according to news reports. 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. youtu.be/fcPyhXMWwnk @ngxgrp @jchiemeka2 @euromoney @MNT_Halan @EFG_Holding @EgxEgyptian @Nedbank @NCBABankKenya @NSE_PLC @JohnGachora @ReserveBankMW @WorldBankGroup @CIB_EG_OFFICIAL @BOU_Official @jpmorgan @cenbank @BBoason @AgnesGitau @GBSAfrica @arnomerc @GraceOghenekaro @CMAKenya @WorldBankAfrica @IFC_org @MIGA @Diop_IFC @CBKKenya @fscasouthafrica @SECNigeria @olayemicardoso1 @MwangoCapital @AseaSecretariat

Oct 20: Sierra Leone Ready For Oil Wells Testing and Drilling in 2027 - Foday Mansaray | Energy Frontiers youtu.be/tmjwMlgT0AQ #FodayMansaray @energy_african @Real_AEW @BBoason @nj_ayuk #PresidentBIO @GradieMbono

Oct 20: Opening and keynote address by Governor Lesetja Kganyago news.frontierafricareports.c… @SAReserveBank @BBoason @KganyagoLesetja

Oct 19: Oromia Bank Profit Rises 294% to Birr 6.14bn, Sierra Leone to Start Oil Production Ethiopia’s Cooperative Bank of Oromia has reported a 293.6% surge in net profit to 6.14 billion birr for the 2025/26 financial year, supported by strong revenue and lending growth. Revenue increased 65.6% to 33.14 billion birr, while new loan disbursements rose 72% to 42.73 billion birr. Customer deposits also climbed to 193.26 billion birr, as the bank expands its operations amid ongoing reforms in Ethiopia’s financial sector. Meanwhile, Sierra Leone is seeking fresh investment in its oil and gas sector, as interest grows in the country’s offshore hydrocarbon potential. Frontier Africa Reports’ Executive Editor, Boason Omofaye, spoke with Foday Mansaray, Director General of Sierra Leone’s Petroleum Directorate, on the sidelines of African Energy Week in Cape Town, about the country’s plans to develop its offshore oil and gas industry. To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel. youtube.com/live/QLHaIsUU_m4 @Coopbankoromia @NBEthiopia @ethiotelecom @FMDQGroup @SACCIza @SAReserveBank @PayShapSA @NigeriaGov @DMONigeria @ngxgrp @CIB_EG_OFFICIAL @EgxEgyptian @AttijariwafaB @BBoason @GraceOghenekaro @arnomerc @GBSAfrica @AgnesGitau

Oct 19: Egypt has approved a 30% initial public offering of Banque du Caire, with the sale targeting proceeds of up to EGP24.25 billion as the country advances its state-owned asset privatisation programme. 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. youtu.be/tYKq3bU__I0 @Coopbankoromia @NBEthiopia @ethiotelecom @FMDQGroup @SACCIza @SAReserveBank @PayShapSA @NigeriaGov @DMONigeria @ngxgrp @CIB_EG_OFFICIAL @EgxEgyptian @AttijariwafaB @BBoason @GraceOghenekaro @arnomerc @GBSAfrica @AgnesGitau

Oct 16: Kenya Foods Unga Profit up 82.2%, BSE and Access Bank Host Dangote IPO Forum Kenya’s Unga Group has reported an 82.2% rise in full year profit after tax to 404.6 million Kenyan shillings for the year ended June 2026, supported by higher sales and lower finance costs. Revenue increased 16.5% to 30.45 billion shillings, while operating profit climbed 33.3% to 938.4 million shillings. However, operating cash flow turned negative at 1.48 billion shillings, compared with a positive cash flow of 655.9 million shillings a year earlier. Meanwhile, the Botswana Stock Exchange and Access Bank Botswana have hosted an investor roadshow in Gaborone for a proposed listing of Botswana Depository Receipts linked to shares in Dangote Petroleum Refinery. The proposed listing would allow investors in Botswana and across the region to gain access to the refinery. Dangote Group founder Aliko Dangote and Group CFO Murat Erden engaged investors on the refinery’s growth plans and the proposed transaction. That brings this week’s Money Moves to a close. To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel. TGIF and have a great weekend! youtu.be/9QXBcTbfUqs @NBS_Nigeria @cenbank @NBEthiopia @papss_africa @afreximbank @_AfricanUnion @AfCFTA @afcfta2 @mefp_senegal @BCEAO_Officiel @UNGAGroupPLC @NSE_PLC @SAReserveBank @GoldmanSachs @UBS @DangoteCement @DangoteGroup @AlikoDangote @LSEplc @MnFinancesTn @_Sukuk @Zimra_11 @ReserveBankZIM @BBoason @GraceOghenekaro @arnomerc @GBSAfrica @AgnesGitau

Oct 16: Tunisia plans to issue its first US$3 billion sukuk in 2027, while seeking TND10 billion (about US$3.35 billion) in central bank financing to help cover its budget needs. 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. youtu.be/Al8OhYKkYYk @NBS_Nigeria @cenbank @NBEthiopia @papss_africa @afreximbank @_AfricanUnion @AfCFTA @afcfta2 @mefp_senegal @BCEAO_Officiel @UNGAGroupPLC @NSE_PLC @SAReserveBank @GoldmanSachs @UBS @DangoteCement @DangoteGroup @AlikoDangote @LSEplc @MnFinancesTn @_Sukuk @Zimra_11 @ReserveBankZIM @BBoason @GraceOghenekaro @arnomerc @GBSAfrica @AgnesGitau

Commodities Newsnow Oct 15: OPEC projects global primary energy demand will rise 23% by 2050, driven by growing energy needs worldwide. Meanwhile, the International Energy Agency, IEA, expects the global diesel market to remain tight through the first half of 2027. In metals, iron ore futures have fallen to a two-year low, slipping below US$90 amid concerns over excess supply. Meanwhile, oil prices dropped 2% as the United States considers easing restrictions on tankers linked to Russia’s shadow fleet. Elsewhere, the Global Commodity Exchange Forum, GCEF, forecasts global energy demand will increase 20% to 768 exajoules by 2055. And in mining, Tharisa has signed an agreement to sell 50% of its platinum group metals concentrate to Valterra, beginning in 2027. To catch up on today’s Commodities NewsNow and the latest energy and commodity market developments, watch the full update on our YouTube channel. youtu.be/OxbQ-Gio13E @OPECSecretariat @IEA

Oct 15: Econet Wireless HY1 Rev. +19.3%, CEMAC Raises Cap on Private Placements Econet Wireless Zimbabwe has reported a 50% rise in earnings per share to 6.22 US cents for the first half of its 2027 financial year, supported by higher revenue and improved profit margins. Revenue increased 19.3% to US$620.1 million, while earnings before interest, taxes, depreciation and amortisation rose 27.6% to US$303 million. Pre-tax profit also climbed 48% to US$234.5 million, although rising debt and receivables put pressure on cash flow. Meanwhile, the Central African Economic and Monetary Community, CEMAC, has removed the 20 billion CFA franc ceiling on private placements, allowing companies to raise larger amounts from qualified investors. The new rules take effect on November 1, 2026, with issuers limited to two private placements within a 24-month period. The reform aims to improve access to capital across Central Africa’s regional financial market. To catch up on today’s Money Moves and market updates, watch the full show on our YouTube channel. youtube.com/live/BXRqSFOvi6Q @econetzimbabwe @Real_AEW @nj_ayuk @energy_african @OPECSecretariat @TheOPECFund @WorldBankGroup @IMFNews @KGeorgieva @cenbank @olayemicardoso1 @EPRA_KE @GovtOfKenya @BOU_Official @OCPGroup @GouvGabon @zimbabwe_of @GraceOghenekaro @BBoason @arnomerc @AgnesGitau @africa_finance @ReserveBankZIM @ZimTreasury @StriveMasiyiwa5 @CairnsFoods @VFEX_ZW @ZSE_ZW @SECZIM

Oct 15: Zimbabwe's consumer goods group Amalgamated Brands has opened a US$20 million initial public offering or IPO, ahead of its planned listing on the dollar-only Victoria Falls Stock Exchange (VFEX) on December 7, 2026. The share offer runs until November 30. Learn more from today’s curated headlines as Frontier Africa Reports brings you all the headlines that matters to how #MoneyMoves across the continent and around the world - day by day. Visit our website for more and subscribe to our YouTube. It’s FREE. youtu.be/9_U3SssjbIQ @econetzimbabwe @Real_AEW @nj_ayuk @energy_african @OPECSecretariat @TheOPECFund @WorldBankGroup @IMFNews @KGeorgieva @cenbank @olayemicardoso1 @EPRA_KE @GovtOfKenya @BOU_Official @OCPGroup @GouvGabon @zimbabwe_of @GraceOghenekaro @BBoason @arnomerc @AgnesGitau @africa_finance @ReserveBankZIM @ZimTreasury @StriveMasiyiwa5 @CairnsFoods @VFEX_ZW @ZSE_ZW @SECZIM