December 3, 2024/Chain Reactions Africa Savannah Energy Plc PLC, the British independent energy company focused around the delivery of Projects that Matter, today provided a comprehensive update on its operating performance and outlook, while also outlining its FY25 plans for the existing portfolio in Nigeria and Niger. The update shows […]
Results & Dividends
Airtel Africa Plc H1-25: Marginal TP Downgrade; Currency Pressures Remain
November 20, 2024/Cordros Report In this report, we review our estimates and update our views on AIRTELAFRI for 2025E. So far, the sustained impact of currency pressures, particularly in Nigeria, overshadowed the key gains in operational performance driven by an increased customer base (+6.1% y/y to 156.64 million), expanded network […]
MTN Nigeria Communications Plc 9M-24: We Affirm our Recommendation
November 20, 2024/Cordros Report MTNN’s numbers showed a return to profitability in Q3-24 standalone, highlighting the impact of the successful renegotiation of tower leases with IHS, which resulted in cost savings with a modest impact on EBITDA and earnings. Specifically, EBITDA margin though still weaker y/y, improved from the multi […]
