In this interview (August 18th, 2017), our Senior Research Analyst analyses the immediate aftermath of Kenya’s August 8th, 2017 general election looking at factors such as perceived and actual political risk, electoral process management and the impending Supreme Court hearing on the disputed Presidential poll outcome. Interview available via: https://www.youtube.com/watch?v=uH1xRN_iZfg&t=70sRead More

A financial inclusion-focused entity recently engaged us to exercise due diligence on a working capital microcredit venture, with the intent of investing $1 million in equity in the business. Chief amongst the requirements was the evidence of employment creation brought about by the extension of credit to micro, small and medium enterprises. This was illuminating...Read More

As throngs poured into the streets of Harare in seeming euphoria following the November 2017 military takeover of power from Robert Mugabe, there was little, if any, consensus as to whether the unfolding events constituted a coup or not. The prospect of a general election in 2018 offers hope that the residual sky-high optimism could...Read More

Ethiopia’s liberalisation offensive, opening up the state controlled Ethio telecom and Ethiopian Airlines to private investors, has taken many by surprise. Caught between a watershed political transition and a foreign currency crunch, opinion remains divided as to whether the move primarily signals a policy shift to relatively fast-pedalled liberalisation under the new administration, or is...Read More

The movement toward investment that targets a social and/or environmental impact is gaining momentum across the globe – especially in emerging and frontier markets. In sub-Saharan Africa in particular, impact finance has been pivotal in unlocking a new source of capital to balance the shortage of state funding for impact-oriented initiatives. The visibility of these...Read More