DAR ES SALAAM, Aug. 21 -- CAPITAL markets remain buoyant as cash-rich investors keep piling into both government paper and select equity counters, extending a rally that shows no signs of cooling.
Analysts say the excess liquidity sloshing through the financial system is compressing yields across the bond curve while pushing valuation gains in resilient equity names.
With limited alternatives, investors are deploying funds aggressively into any assets offering steady returns, sustaining upward momentum despite a generally cautious macroeconomic backdrop.
Alpha Capital Head of Business Development and Customer Services, Godfrey Kamugisha, said the weight of liquidity in the financial system is becoming increasingly evident.
“In t...
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