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.
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.
One of the major reasons I’m bullish on the long-term economic prospects and investment opportunities in African stocks is the continent’s favourable demographics.
I’ve been back in Tanzania for two weeks now. Life continues as normal here. Schools went back from Christmas holidays on January 11. Restaurants and bars are busy. I’ve heard live music almost every night