RIP UShs/ TZS Aand KShs - all breaching psychological limits/ lows never seen before.

Beyond UGX almost becoming useless as per @VVS
real uganda stocks (not cross listed ones) have not yet dropped like NSE.

Might be USE is waiting for elder brother NSE to fall to the bottomless bottom before it drops sharply.

At this rate, it seems tis only petro-dollars that'll save this one.

If you are going into Uganda today, you have a HUGE advantage but for someone like me who went in as a US$ investor it is absolute bullshit!

I use the US$ as the 'international' currency...

Since Dec 2010, when Ugandans re-elected that thieving fool... the UGX has dropped from 2000 to 2820 today! It is expected to touch 3,000.

Even if I was long-term, I would need a massive 50% appreciation of the UGX just to break-even! That's assuming NO more losses to UGX 4,000/-. BTW, the US$ is weak. If you compare UGX vs JPY/CHF/A$ then it is even worse! Much worse!

@Deal - If these EA currencies continue this tailspin slide, the Asian crisis snapshot that I dread will come home to roost. The current EA gubberments would all vanish by the time that econ crisis is sorted. I hope EA doesn't get to that stage, but their central planners are driving the bus towards the cliff!?

@kizee1 - do you know the banks that have skeletons in their books i.e. in EA? It would be wise for people to know ili wajipange when the bank runs start.

Now if we had short selling across the EA markets, I'd be a shark on those bank stocks. Been my tune since Jan and unlikely to change anytime soon. It wont matter even if 100% profits are posted?!