veri blog

When global investors start talking about “squeezing the last drop out of the lemon,” they’re talking about places like Uganda. In late November, Uganda’s shilling government bond market has quietly become one of the hottest frontier trades in the world. More than $2 billion of Uganda’s domestic government bonds are now held offshore – a record – with S&P Global estimating non-resident holdings at roughly $2.7 billion, about 12% of total domestic government debt . For a coun

On paper, Tanzania is one of Africa’s steadier macro stories. Growth is holding around 6% , inflation sits comfortably inside target, and the IMF has just signed off on another review of a twin financing package that blends classic balance-of-payments support with climate-focused funding. But as 2025 closes, a different narrative is creeping in. In late November, President Samia Suluhu Hassan warned publicly that “financiers are starting to shut the taps” on Tanzania, days

On paper, Kenya’s macro story in late 2025 looks surprisingly calm. Inflation is 4.6% , right in the middle of the government’s 2.5–7.5% target range.   The Central Bank of Kenya (CBK)  has cut its policy rate eight meetings in a row, from 13% in early 2024 to 9.25% today, arguing there is still room to ease. The World Bank  this week nudged its 2025 growth forecast up to 4.9% , citing a rebound in construction and still-solid agriculture. Yet scratch the surface and a more c