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
NSE launches Banking Sector Index tracking lenders like EQTY (P/B 0.9x, ROE 23%) & KCB (0.8x, ROE 19%). Kenyan banks now benchmarked for ETFs & global flows. Sector trades at 0.6–0.9x P/B vs Nigeria 0.4x, South Africa 1.3x; NPLs still ~14%.
Markets
BCEAO launches real-time payments in Togo with Coris (BRVM:CBI), Ecobank (BRVM:ETIT), and Oragroup (BRVM:ORGT). Backed by AfDB & Gates, it signals WAEMU’s digital shift. Success hinges on adoption, trust, and scaling beyond cash’s dominance.
Markets
Ethiopia’s MPC kept rates at 15% (ETH-MPC-IR) but raised the credit ceiling to 24% (ETH-CREDIT-CEIL). Inflation eased to 13.6%, yet liquidity stress and external risks linger. A cautious hybrid, unlike Kenya, Ghana, or Nigeria.
Markets
Morocco regains IG as S&P lifts rating to BBB−. Eurobonds rally: 2032s 5.2% (−25bps), 2037s 6.1% (−35bps), 2050s ~6.9%. CDS tightens to 156bps. USD 1.5–2bn inflows expected as Morocco rejoins EMBI IG, widening spread gap vs Egypt (8.8%) & Ghana (15%).
Markets
Family Bank eyes NSE listing by introduction Oct 27. H1 2025 net profit up 39% to KSh 2.28bn, deposits +26% to KSh 150bn, assets at KSh 193bn. With NPLs at 14%, investors will weigh liquidity, governance, and growth vs peers KCB, EQTY, COOP.
Markets
AGOA expired Sept 30, 2025, leaving a policy vacuum. Trade fell from USD 44bn highs, apparel orders in Ghana/Lesotho canceled. Risks: KENINT 2032 +50–100bps, GHANA 2034 spreads, FX (KES, GHS, ZAR), equities (PVH, LEVI, NSE:BAT, JSE:ANG).
Frontier Markets
NIC revenue up 11% to TSh 130.3 bn, assets +12.7% to TSh 422.6 bn, equity +15.9% to TSh 287.9 bn, but net profit slipped to TSh 23.6 bn. Compared with BRIT, JUB, OMU, SLM, global investors ask if Tanzania’s insurance growth is truly sustainable.
Markets
AfDB approves €73.27m for Equatorial Guinea to cut 23.5% youth joblessness, build polytechnics, and back 500 firms. With Brent (ICE: LCOc1) near USD 88 and debt at 42% of GDP, success could shift a petro-state toward inclusive growth.
Markets
Eni (BIT:ENI) commits $8bn to Egypt, betting on Zohr’s output and LNG hub ambitions. With BP (LSE:BP), TotalEnergies (EPA:TTE), Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), and banks like COMI (EGX:COMI) watching, Cairo’s export–import paradox is a high-stakes stress test.
Markets
Kenya MPs eye stricter in duplum rule as NPLs hover at 15%. Equity (NSE:EQTY, mcap US$2.2bn) and KCB (NSE:KCB, mcap US$1.8bn) risk margin compression with net interest income >65% of revenue. Banks may retreat to corporates, reshaping Africa’s credit landscape.
Markets
International tribunal halts Niger uranium sale, freezing 1,000t worth USD 270m. Orano (EPA:ORA) claims rights, uranium spot hovers USD 92/lb (CME:UX). Niger 2031 Eurobond yields 11.8%, while CCJ, KAP, PDN, URA traders eye tighter supply and higher risk premiums.
Markets
Wafa Assurance’s US$317m move for Egypt’s Delta Insurance marks Africa’s insurers as capital exporters. With Allianz (ETR:ALV), AXA (EPA:CS), Munich Re (ETR:MUV2), and Jubilee (NSE:JUB) watching, global markets must reckon with Africa’s new insurance power play.