Insights

Kina Advisory provides insights on topical issues facing the industry today as companies operate and invest in Africa. Read through our latest thought pieces that give an insight into Kina’s way of thinking, as we discuss ideas that challenge the way business in Africa is conducted, offer solutions to those challenges and highlight the success of others.

 

Towards Ghana’s Energy Independence: Kina advises on social investment strategy for 400MW Bridge Power and LPG project in Ghana.

02|05|2017

On 27th April 2017, the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo formally launched the start of the construction of the 400 MW Bridge Power project, moving Ghana a big step closer to reliable, affordable, power supply, and towards energy independence.

The Project will directly create hundreds of jobs in Ghana during both the construction and operation phases.  Crucially, it will bring much needed electricity to Ghana that will have an immediate positive impact on the running of schools, factories, offices, other local businesses, hospitals, and households.

Kina Advisory Limited advises the developers of the Project, the Early Power Limited (EPL) on social impact management, a social investment strategy, stakeholder engagement and communications. EPL is a consortium made up of the US companies Endeavor Energy and GE, and the wholly Ghanaian owned, Sage.  We have developed a social investment strategy based on findings of the Bridge Power Environmental & Social Impact Assessment (ESIA) and further consultation with stakeholders and are now working with EPL to plan and implement a major social investment programme that will focus on STEM (Science, Technology, Engineering, and Mathematics) education and skills development for youth.  The programme will:

  • implement measures set out in the Environmental & Social Action Plan to mitigate social impacts or leverage social benefits identified through the ESIA process;
  • contribute to achieving the value drivers of EPL’s business;
  • build relationships with stakeholders; and
  • address one or more of Ghana’s broader socio-economic development challenges.

Working with Manhean Secondary Technical School in Tema New Town, EPL will establish a centre where students can access computers, technological tools and an e-library, outside their classes. The centre will include workspaces to conduct experiments and perform engineering projects.  As the programme develops, EPL will work with selected senior high schools across the Tema Metropolitan Area to develop and support tech hubs, with subsequent phases to include scholarship programs, internships, work shadowing and employment opportunities.

Click to find out more about the Bridge Power Project:

Read more Read less

Kina Advisory attends 2017 Ghana Presidential Inauguration

19|01|2017

Kina’s Managing Director, Rosalind Kainyah, MBE, attended the inauguration of President Nana Addo Dankwa Akufo-Addo, as the Fifth President of the Fourth Republic of Ghana on January 7th 2017.

Resplendent with a colourful representation of Ghana’s culture, the ceremony attracted heads of state from 14 African countries, including Madam Ellen Johnson Sirleaf, President of Liberia and of the Economic Community of West African States (ECOWAS), and President Muhammadu Buhari of Nigeria. Ghana’s three living former presidents, including the outgoing, were all in attendance.

With the Black Star Square as venue, the event powerfully married Ghana’s history as a pioneer of the African liberation movement with its current reputation as a beacon of democracy on the continent.

In his inaugural address, President Akufo-Addo signaled an era of integrity in the public sector. “Public service is just that – service, and not an avenue for making money.  Money is to be made in the private sector, not the public,” he reminded Ghanaians.  In apparent reference to his campaign promise to build factories around the country, he also called on investors to take advantage of the opportunity to “Make in Ghana,” as he declared Ghana “open for business again.”

We at Kina congratulate the President and the First Lady, Rebecca Akufo-Addo. We have always been bullish about Ghana’s medium and long term economic prospects despite sputters in recent years. With the new government’s industrialization agenda based on light manufacturing and value-addition in agriculture, together with the promise of effective, efficient and honest governance, the short term too is brighter than previously thought. We are keen to do our part to match investors with business opportunities that support the country’s strategy for growth and development.  We will work with companies to assess and manage associated political, socio-economic, social, and environmental and governance factors and to play a transformative role in shaping Ghana’s future.

Read more Read less

Kina Advisory Breakfast Club | Inaugural Meeting

27|09|2016

Kina Advisory hosted its inaugural Kina Africa Breakfast Club meeting on 15 September 2016. We were delighted to have Anthony Pile, MBE, Founder and Chairman of Blue Skies as our guest speaker. With over 20 guests from varying backgrounds, an engaging and thought provoking conversation followed the dynamic, honest and challenging presentation from Anthony on the challenges and opportunities of working in countries in Africa.

The conversation began with Anthony describing how the business grew into the operation that it is today – with 9 factories across Africa, Europe and South America employing over 4,000 people and a turnover of $70m in 2015. Blue Skies has created an export business that not only adds to the economic growth of the operating countries, but does so in a sustainable way that relates to their core business objectives; earning the company numerous awards for their sustainable development. Anthony also described the business opportunities in agriculture in Africa and the need to encourage more investment and participation in the sector.

Conversation then turned to the on-the-ground challenges the company has and is facing in countries in Africa and in South America. Facing issues with land, fiscal policy changes, foreign currency exchange rates, and energy supply, Blue Skies has had to adapt to an ever changing environment whilst remaining firm to its core principles.  This has often required different and at times experimental methods to overcome some of these difficulties and turn them into opportunities – some still remain and are ongoing.

One of the key lessons from the conversation was the need to gather and fully understand as much on-the-ground and practical advice and information as possible before beginning any operation in a country. This should cover the political, economic, social, cultural and local business context; and understanding the impact these will inevitably have on the business.

Attendees also raised the important issue of the involvement of stakeholders.  Engaging with a broader range of stakeholders and educating them fully on your business/ project provides an important form of support when faced with some of the challenges mentioned.  It is therefore important to know how to have the right conversations with the right stakeholders and to develop plans of engagement early on.

Listening to Anthony speak it was clear that in spite of the challenges there is an optimism about the investment potential in Africa. There are solutions to the challenges, and one needs to be creative, flexible and committed to discover what they are.  With Anthony’s passion for the continent and commitment to see Africa thrive, we have no doubt that Blue Skies will continue to be a success.  We appreciated him spending a morning sharing his experiences and insights. This appreciation extends to our attendees who commented that they found the meeting ‘interesting’, ‘insightful’, and ‘informative’, praising Anthony’s open dialogue.

To know more about Kina Advisory’s services, please click here

To comment on the article, please click here

Read more Read less

Why ESG is an opportunity and not a cost to business

20|09|2016

Kina Advisory Founder and Managing Director, Rosalind Kainyah, explains why environmental, social and governance (ESG) strategies are an opportunity to businesses rather than a cost.

 

Page 1 of 512345

What we are up to & News

04|04|2018

Key to investment success in developing countries

Published in the The New Model Corporate Affairs Director’, Managing Director Rosalind Kainyah discusses understanding the socio-economic environment and creating the right conversations as key to success in investing in new markets in developing countries and the role of the Corporate Affairs Director. Click here to read the full article.

29|03|2018

Ghanaian women empowered in business

Empowering women in business is a key aspect of the fifth sustainable development goals. The 2018 Mastercard Index of Women’s Entrepreneurship (MIWE) names Ghana as having the highest percentage of female business owners at 46.4%.

It is encouraging to read about businesses led by women that also consider environmental sustainability, such as the collaboration between Redavia, a German rental solar company, implementing a solar farm for the Ghanaian hospitality group Linda Dor.

27|03|2018

Congratulations to the Young CEO of the Year

Kina Advisory congratulates Dr Amy Jadesimi, CEO of LADOL for winning the Young CEO of the Year award at the 2018 Africa CEO Forum. Amy is a role model for young and old, men and women alike https://t.co/stvCAA5FEr.

19|12|2017

Commemorating Harvard Kennedy School’s Professor Calestous Juma

We at Kina are shocked by the passing of Kenya’s and Harvard Kennedy School’s Professor Calestous Juma. It’s hard to believe that the boundless energy with which he engaged the world through all media on innovation and international development is gone forever. Our last such interaction followed his piece on the limits of leapfrogging for Africa’s development. Inspired by the thought piece, I gave a perspective from the business angle, to which Calestous further responded to me privately.

We are fortunate at Kina to count one of his former students as one of our team. Like the millions of others in Africa and the world who loved his brain and followed his work, we all claim a piece of Calestous, but we can’t claim to understand the grief of those who were closest to him. We can only offer our heartfelt sympathies and continue to build on and implement some of the ideas he shared to help shape Africa’s development.

05|12|2017

Rosalind shares insights on Africa’s hidden figures with This is Africa

Managing Director, Rosalind Kainyah shares her insights on how big business can play a role in bringing the ‘hidden figures’ in Africa’s informal economy into the formal. Click here to view article.