Kelvin Peter Msangi is a Tanzanian finance and economics researcher known for data-driven analysis on fiscal policy, markets, and economic reform. His work has been featured in leading publications across East Africa and other regions.
Morocco
The Casablanca Stock Exchange cooled modestly as the MASI slipped 1.44% to 18,549. Large-caps like VICENNE (11.9% of turnover) and Attijariwafa Bank (MAD 157 billion cap) dominated a MAD 1.85 billion trade week—signaling rotation not retreat amid a 25.56% YTD gain.
Kenya
Actis exits Kenya property as KES=X trades 150–165 and frontier capital via FM rotates toward logistics and digital assets; if policy rates drop below 11% and vacancies tighten, funding costs fall and development risk can reprice.
Egypt
EIB invests $38m in Egypt’s Tanmiya Fund II, signaling private equity’s return as inflation eases to 11–12% and reserves near $49bn; EGP=X stability, EMB spreads near 400bps, and ^TNX trends will test depth of Egypt’s reform-driven capital shift.
Nigeria
During Week 41 (6–10 Oct 2025), Nigeria’s market matured through yield, not speculation. ₦NGXASI rose 2.37% to 146,988 as bonds surged 1,038% in value. ₦MTNN, ₦AXAMANSARD, and ₦SOVRENINS led gains while liquidity shifted decisively toward government debt.
Tanzania
On the DSE (DSE:TZ), bond turnover rose from TZS 34.12 bn to 86.07 bn (+152%), dwarfing equities at TZS 2.56 bn. CRDB (DSE:CRDB) climbed 8.5% to TZS 1,280, while NMB (DSE:NMB) held TZS 7,800 and TBL (DSE:TBL) at TZS 10,200 — proof Tanzania’s market now grows through debt, not speculation.
Africa
Africa’s markets still trade emotion, not discipline. The kwacha [USDZMW] rallies on copper [HG1:COM], Kenya’s bonds bleed at 17%, and Nigeria’s banks boom on volatility. Until structure replaces sentiment, capital will keep fleeing at the first tremor.
Kenya
Kenya’s new crypto bill could turn Nairobi into Africa’s regulatory capital—or expose the limits of state control over digital finance. As the CBK and CMA tighten oversight, the continent’s battle between innovation and enforcement begins.
Nigeria
Nigeria’s trade growth slid from 2.04 % to 1.29 % as inflation above 20 % and a 26.75 % policy rate choke liquidity. The naira’s instability and high logistics costs expose a deeper disease—structural inefficiency that no tightening can cure.
India
Tata Capital’s USD 1.85 billion IPO, offered at a 56 % discount, mirrors Africa’s illusion—when prestige and politics outweigh governance. A “bargain” isn’t value when returns lag and risk is priced in, from [BSE:500034] to [NSE:COOP] and [NGX:ZENITHBANK] alike.
Botswana
BoFiNet’s P12 million profit marks Botswana’s digital network rebound—but with margins near 2 %, cable theft losses, and weak growth, the state backbone must prove that social connectivity can coexist with commercial sustainability.
Zambia
The kwacha (USDZMW) is soaring, up 23% YTD, lifted by copper (HG1:COM) near USD 9,800/t. Yet Zambia’s rally masks fragility: without diversification beyond First Quantum (TSX:FM), Barrick [NYSE:GOLD], and Vedanta [LSE:VED], the strength won’t last.
Malawi
Malawi’s Salima Sugar Ltd turmoil exposes governance risk driving capital flight from frontier markets. With rivals Illovo Malawi [JSE:ILV], Zambia Sugar [LUSE:ZSUG], and parent AB Foods [LSE:ABF] thriving on autonomy, Malawi’s state control keeps returns below market parity.