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
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
Just an 80-minute flight northwest of Dar es Salaam lies the sprawling city of Nairobi. Kenya’s largest city is both the safari capital of East Africa and…
