NMBs earnings grew 31% in the first quarter, but the stock trades at just 3.3x projected earnings, and on a 10.8% indicative dividend yield – needless to say, I’ve been buying. A lot. It’s now African Lions Fund’s biggest holding.
I just flew to Dubai from Dar es Salaam last week with my wife and two young kids in tow. The busiest airport in the world seems to be regaining some of the 70% drop in passenger numbers it suffered last year.
Tanzanian President John Magufuli, after not having been seen in public since February 27, has died. As I relayed in my African Lions Fund Telegram Channel, here on the ground in Tanzania, we had been fearing this unsettling news for quite some time.
Last year, I wrote about possibly the two cheapest gold stocks — at a time when the stock market had just seen the sharpest sell-off most of us have ever witnessed
To most of the world, Rwanda is seen as a success story in its handling of the coronavirus pandemic.