Tuesday, 11 November 2008

Danfonds in Kenya

This week and next week we are visiting companies in Kenya. Internet access is very slow, hence we will not report as much as normal. We have found out from Safaricom that there will be a new underwater high speed connection to Kenya within a year, but that is a long time to wait. Word on the ground is that the Co-Operative Bank IPO is really struggling.


daPawar said...

Do you cover Kenya bond markets?

Frontier Markets Blog said...

Yes, but there are a lot more attractive places in credit markets right now than Kenya. We do not think the yield curve correctly discounts the inflation levels or the currency risk.