The east african economy is unable to go into recession even if it tried..

What the NSE is going through is merely a rough patch..
Financial Equities are trading at ridiculously low valuations and I would recomend them as buys... These are getting major business from the government and corporates so they are unlikely to be affected by reduction in disposable income..

Im kind of bearish on industrials except the monopolies like KPLC and BAT because their input costs must be becoming a hassle.

At these prices financial stocks & KPLC & BAT are offering returns equal to the money market so why buy bonds??

When the 2012 elections do go peacefully and it is evident we are on track for vision 2030 then the NSE will smell the coffee..

I just hope you are positioned well for the 15 year bull that will ensue after 2012

Point of correction @the deal, you as a foreigner living or schooling in Kenya are not foreign investors in the true sense of the word as you spend in ksh.

The foreign investors he is referring to are non resident foreigners like me that bring in 100 USD that will baloon to almost 9000 Ksh wheras 4 years ago it was barely 6000 Ksh.

Also as a long term investor (apologies to you) I do not need the repartriate the proceeds immediately, my 9000 Ksh would have compunded over years due to the growth of stock price and dividend income and i may be lucky the exchange rate may be 90 Ksh to a dollar then.

The beauty of investing accross boarders !

@young i might be here but 100% of my funds come from home...so i'm just like you...i plan to exit the Kenyan market over the coarse of the year...i'm a firm believer in the Namibian economy...its well diversified unlike Botswana we dont solely depend on diamonds...its well managed...there is political stability...i believe the economy will growth average 4.8-6% every year over the the next 5-10 years barring any recession...thats where i wanna go long term not here..so in Kenya i speculate with all my portifolio and repertriate the gains thats what all the foreign investors are doing...that strategy has worked supeer fine for me thus far...unless there is political stability in Kenya i will never go long term...mention 2012 to anyone here they get scared...i came to Kenya in 2007 in October and 2 month down the line Kenya was burning and the NSE was on its knees...i dont want any of that.

I'm with @guru on the bullish east african economy after 2012. Uganda is currently arguing with tullow on the amount of oil to be produced per day, tullow wants to produce 200,000 barrels per day by 2015 (that's $2billion dollars a day) for the next 25 years and uganda thinks that will shock the economies of east africa economies. Heck even somalia is looking bullish flights to mogadishu are fully booked. I just hope raila if he gets elected will not pick up fights with M7, the stakes for 2012 are high.

@deal, where do you think you are going, we need your analysis some of us can't do numbers. But i love the pessimism it's always time to buy on low valuations