For the first two months of calendar 2022 the S&P 500 was down 8.2%. The US bond market, as measured by the iShares 20+ Year Treasury Bond ETF (TLT), was also down by 5.5%.
Judging by the number of enquiries I’m getting via email and on my Twitter feed, there is growing interest among investors to get some exposure to African frontier markets.
Currently in Tanzania, investing in long-term government bonds is very popular. This is due to the high yields on offer, relatively low inflation rates (sub-4%)
Right now, there is a huge imbalance in trade flows between Africa and other parts of the world
2020 was an excellent year for Twiga despite the global pandemic throwing sand in the gears of economies in much of the world.