The Bank of Tanzania, in its recently held monetary policy committee meeting, finally followed its regional counterparts and put forth measures to deal with the economic impact of Covid-19. We see the new measures as positive and believe they will su...

The number of confirmed Covid-19 cases in Tanzania has been rapidly rising in recent days, and has now reached 254. East Africa neighbours Kenya, Rwanda and Uganda have taken significant measures to combat Covid-19, with the last two of those ha...

As well as our review of the month-to-date in frontier and emerging markets, we focus on the feedback from c80 meetings we have conducted with public equity fund managers globally in the past couple of months. The mood is extremely bleak as rede...

Earlier this week, the Government of Rwanda and Qatar Airways signed an agreement to build a new international airport c25km southeast of the capital Kigali. Qatar Airways has agreed to take a 60% stake in the US$1.3bn airport. The first phase of the...

When assessing the investment case for FM and small EM banks, the macro and company-specific outlook is clearly paramount. But, other things being equal, we believe investors should feel comfortable paying higher multiples for banks that:have stricte...

The latest annual World Bank Ease of Doing Business survey, published in full last week, provides useful data points for structural economic reform momentum, if not near-term economic growth or the performance of asset prices. We highlight the follow...