Pan-African Weekly Recap — Week of March 24-28, 2026
Brent crude closed the week at $112.57 per barrel, up +12.6% over five sessions — its strongest weekly gain since the 2022 energy shock — after military strikes in the Middle East reignited fears over global supply. This oil shock did not hit Africa's seven stock exchanges equally: hydrocarbon exporters partially absorbed the blow, while net importers faced a double squeeze of rising energy costs and a flight to safe-haven assets. Gold at $4,492 (+2.7%) and silver at $69.54 (+2.8%) confirmed the defensive global mood, according to market data compiled by Afrivestia.
Key figures for the week
- Brent crude: $112.57/bbl (+12.6% on the week)
- Gold: $4,492 (+2.7%)
- MASI: 17,221.05 (-1.27% Friday, -8.62% YTD)
- BRVM Composite: 406.18 (+1.07% Friday, +1.7% YTD)
- NGX ASI: 1,443.22 (-2.54% Friday)
- Managem net profit 2025: +384% to MAD 3 billion
The Continental Divide: Exporters vs. Importers
The week exposed a structural fault line running through African stock markets. On one side, the BRVM — whose member economies (Côte d'Ivoire, Senegal, Burkina Faso) benefit indirectly from commodity price surges through regional capital flows and the stability of the CFA franc pegged to the euro — finished firmly in positive territory. The gained on Friday, lifting its year-to-date return to . The Telecommunications sub-index led with on the day, driven by ORAC (+2.0% to 15,300 XOF) and ONTBF (+1.7% to 2,950 XOF). The fixed EUR/XOF rate of shields BRVM investors from currency volatility — a decisive advantage when the dollar is surging.