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.
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.
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