Hold on, hold tight - good portfolio.

Looking at my portfolio is like staring into the sun
But how can I keep off KPL with a PE of 1.3?

Anyone with an idea what the treasury mandarins (and the government in general) are attempting here? Why tether the Eurobond's terms and conditions to the IMF facility and the go out of your way to breach the IMF's requirements? What's next...KE will chase the IMF expats when things go South and aid isn't forthcoming? Looks like Kenya is borrowing the whole playbook - not just a page - from Zambia.

hiyo ni historia mwanawazua
Equivalent to catching a falling knife. All usd denominated loans will burn peoples fingers, transformers ilikuliwo, ipps are cancerous, fuel levy a heavy yoke here, change of billing regime very uncertain.still prepay digital route and analouge causing tremors in this camp. convoluted involuted restructuring day in day out will leave ur nini paining.
Worst of all is political meddling into a fatycats poussy!!!! if you are inside here, or diving in, you must be very well greased for the ride.
Equivalent to fingering leopards ass???

You have painted quite a picture 😂😂😂

https://drive.google.com...EgG8BSi2QJxJm_tBPunCRmC
just appreciating what the market is signalling and reading the signs of the times @metch. lakini yangu i maembe ya entungani endungani ni mengi April is when the rain started beating campers inside here, trends and seasons don't lie, the only arguable factors are causes and reasons.

Fingers crossed but the war on corruption should not stop. The long-term benefits, even with short-term pain, are enormous if the corruption can be significantly reduced. It is nigh impossible to eliminate it.
Sensible fiscal policies and implementation is required as well as further 100% transparent privatization of non-strategic sectors.

I concur on the geo-political power play of pitting China vs the West but I think they have used that cheat code way too early in the game. That means there is probably no concrete plan on the debt front given that is/was the only remaining arrow in their quiver.

If treasury is of the idea that KE's forex reserves are sufficient to steady the KES, then they've got another thing coming. This isn't a currency crisis per se, it is a fiscal/structural one and it won't be pretty. The currency/exchange rates, inflation levels and interest rates are just the pressure valves for price discovery and re-adjusting the fundamentals.

The IMF facility plays a far more critical role in signalling the financial markets than it does in providing hard forex to ward off speculators. Lack of faith in KE's (or any EM/FM) fiscal management in a risk off global environment is likely to induce more capital outflows and consequently more vulnerability to exogenous shocks accentuating the meltdown of KE's fundies that are already in the gutters. Bear in mind that this support(hard cash and signalling) rarely works when a country is already in crisis mode.

The eurobond had a exit clause where incase KE ceased to be in the good books of the IMF, bondholders were at liberty to recall the funds...hence my question as to what the end game is if they flout and continue to flout most requirements that the IMF insisted must be put in place for them to lend their suppport. Using geo-political goodwill as collateral isn't proactive or wise coz it won't last.

I'm sorry especially about your NBK holding. I warned you

Lucky escape..