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.
Markets
M-KOPA posts USD 9.2M profit as Kenya’s fintech shifts to asset-backed finance. Revenue surges 66% to USD 253.5M. With USD/KES ≈ 129.4 and frontier yields above 10%, M-KOPA’s e-mobility pivot shows African credit can turn ESG capital into sustainable profit.
Uganda
Uganda’s UGX 3.6 trillion in annual tax exemptions—equal to 3 percent of GDP—has turned from an investment lure into a fiscal risk. As yields (UG10Y ≈ 14.5%) and borrowing costs rise, investors now price Uganda’s credibility, not its growth.
Uganda
Uganda’s NSSF 13.5% payout remains a standout as global rates ease. With inflation at 3.3%, 10-year bonds near 16.9%, and a stable shilling, Uganda locked in one of the world’s best real returns—proof that frontier discipline still pays.
Chad
Cameroon’s informal exports to Chad and Nigeria hit CFA 108.8B (≈ USD 180M), bypassing customs and distorting fiscal data. With XAF stability masking structural gaps, the flows reveal how trade thrives beyond BEAC control yet weakens tax revenue and policy reach.
Kenya
Kenya’s CBK cut its benchmark rate to 9.25%, the 8th straight easing, as inflation cools to 4.6% and the shilling (USD/KES: 128.5) steadies. With NSE: NASI up 0.6% and US10Y: ^TNX at 4.35%, markets test whether liquidity trumps currency risk in Africa’s top frontier economy.
Cabo Verde
Cape Verde’s GDP grew 6.2 % in Q2 2025, supported by tourism and public investment. Debt ≈ 122 % of GDP, inflation 2.9 %, policy rate 3.5 %, and BVC market cap ≈ CVE 60 bn. The CVE-EUR peg holds, but global liquidity tightening (DXY ≈ 105.7, US10Y ≈ 4.35 %) keeps risks elevated.
Mozambique
Mozambique (BVM: MZSE) is reforming fast. Market cap ≈ USD 2B (<10 % of GDP), 5Y T-Bond (MZGB05Y) yields 17 %, Eurobond 2031 (ISIN XS2051363195) at 11.4 %. With IMF (ECF) support and AELP links, the frontier market is turning reform into investable depth.
Cabo Verde
Cape Verde’s €24m Fundo Morabeza, backed by AfDB (XBRU: AFDB) and tied to BVC (BVC: BVCI), equals ≈ 1 % of GDP. With inflation ≈ 2.3 % and debt ≈ 55 % of GDP, Praia is betting on equity, not aid, to fuel fintech and clean-energy startups across the archipelago.
Togo
Togo’s 51% surge in development aid to USD 745 million signals renewed donor confidence but deepens concessional dependence. With debt near 58% of GDP and low tax revenue, Lomé’s stability rests more on grants than markets—buying time, not autonomy.
Exchanges & Indices
Casablanca Stock Exchange’s new industrial issuer program could redefine Africa’s capital markets. With MASI20.F futures live and market cap above MAD 1 trillion, Morocco is turning industrial policy into investable equity — building issuers before investors arrive.
Morocco
Morocco’s FEC is evolving from lender to development platform, managing MAD 35 bn (≈ USD 3.4 bn) in municipal loans while preparing to structure local ESG projects and bond markets. If executed well, it could redefine Africa’s sub-sovereign finance model.
Oil & Gas
Oil’s rebound to USD 85 (LCOc1) after OPEC+’s modest hike hides fragility. Demand from China softens, US10Y (^TNX) ≈ 4.35% tightens credit, and Africa faces inflation strain as USD/KES and USD/TZS weaken. Relief rally or last gasp of petro-policy credibility?