SPY, ONEQ, and DIA are ETF proxies, not index levels. Gold is an OANDA CFD. Quotes may be delayed. Instrument guide →
Africa-first research
Clarity for markets
still being understood.
Independent intelligence for Africa's credit and real asset markets— grounded in local context, rigorous analysis, and transparent judgment.
Explore Ketsela
01 Research library02 Markets & sectors03 MethodologyAfrican Stock Market Monitor
The numbers move.
Follow what matters.
Explore the Ketsela ESX Market Monitor: exchange-reported prices, up-and-down moves, and a growing desk for monthly and quarterly research.
Open the ESX monitorOne continent.
Each market on its own terms.
Research agenda
Now building
A focused publication platform—not a page trying to explain everything at once.
The homepage introduces Ketsela. The dedicated Research library holds publications and recurring series, while Coverage and Methodology explain where we work and how our judgments are formed.
Ethiopia
Ethiopia’s fiscal independence
Can tax revenue replace borrowing without constraining growth?
Ethiopia
The ETB 100 billion mortgage experiment
Can financial engineering solve a housing finance bottleneck?
Ethiopia
ESX seven-security monitor
A transparent view of Ethiopia’s listed issuers, liquidity, prices, and the inflation-adjusted investor question.
Rwanda
Kigali real asset pulse
Locally sourced indicators on commercial activity, supply, occupancy, investment conditions, and the city’s changing built environment.
Inside Ketsela
Explore the institution behind the publications.
Market monitors
Recurring views of listed securities, rates, inflation, and the signals changing across East Africa.
Open the monitors →02Coverage
Initial markets, sectors, and the logic behind Ketsela's geographic expansion.
Explore coverage →03Methodology
How evidence, analysis, judgment, and uncertainty will be communicated.
Review our approach →