Mezzanine finance – that space between debt and equity that can be more flexible than pure debt and less dilutive than ordinary equity – is increasingly being used as a tool for growth in Africa, according to Anne Keppler, the … Continue reading Mezzanine finance ‘funding growth’ in Africa
You are investing in a mine in a volatile emerging market, how do you protect your asset? One answer: Political risk insurance. The mission of the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, is to … Continue reading $40bn in coverage, 800+ projects, and only 8 claims – what’s MIGA’s secret?
You own an operationally successful company in an emerging market, but you need money fast because you have U.S. dollar debt obligations and the exchange rate has just gone through the roof. It’s a family owned business, so you are … Continue reading Mexican mezzanine debt: An emerging asset class that’s driving private equity transactions
The cash sent home by the 10 million Filipino migrants living overseas doesn’t just help their families buy schoolbooks and food, it helps buoy the entire economy. The Philippine peso is currently having a surge in value and has appreciated … Continue reading Filipino ‘Hero’ Remittances Buoy Entire Economy
Kuwait is a small, wealthy and oil-dependent country. How can it prepare its population to compete in the global economy? One solution: Privatize education to hasten the transformation of the country into more of a knowledge-based economy. The oil-rich nation … Continue reading Private Education in Kuwait: A Growing Sector
The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, uses private capital to tackle some of the world’s biggest development challenges – and in the process, advance U.S. foreign policy. Dia Martin, Director on the Social Enterprise … Continue reading OPIC: Advancing U.S. Foreign Policy with Private Capital
Who are the linchpins holding the promise of emerging market impact investing together? Many, like the Aspen Network of Development Entrepreneurs (ANDE), believe it is the small and growing business sector. The entrepreneur with five to 250 employees who has … Continue reading SMEs: Emerging Markets ‘Promise Land’ for Impact Investment
It is well known that financial turbulence in advanced economies spills over to emerging markets. What is less known, but increasingly significant, is that spillovers also travel in the opposite direction. The most recent edition of the IMF’s Global Financial … Continue reading It’s a Two-Way Street: Emerging Markets & Financial Spillovers
Palm wine has a long and illustrious history as the moonshine of West Africa. For years, farmers have tapped the sap from palm trees and let it ferment in any kind of container – from a gourd shell to a … Continue reading Can an American Entrepreneur Bottle and Export Benin’s Voodoo Spirit?
OnFrontiers expert René Attoumbré’s return to the Ivory Coast is symbolic of the country’s comeback. Raised in the Ivory Coast, he moved to the United States and was educated there during the tumultuous years of civil war in his home country. After the political … Continue reading Ivorian Investor Heads Home as Post-Conflict Economy Opens