A New Horizon | Does Covid-19 offer an opportunity for African corporates to scale up and out?
Africa’s corporates, regardless of their size or sector, have a transformative role to play in shaping the continent’s sustainable future and, despite the undeniable tragedies of the Covid-19 pandemic, we are seeing signs of this potential. There is no doubt that many African companies have been or will be hit hard by the coronavirus, and many may not recover. However, there are beacons of hope and there is a growing opportunity for Africa’s home-grown corporates to step up, scale up and scale out sustainably both during and after the pandemic.
Over the last couple of months, we have seen African companies step up and prove their ability to innovate and provide for their countries and neighbouring countries. These companies have seized the opportunity to fill the gap left by a reduction in imports – particularly medical supplies from China. Whether they be Kenyan companies using 3D printers to print personal protective equipment; Senegalese innovators producing much needed, and much cheaper, ventilators; or factories in Ghana producing sanitizers, protective clothing, automated liquid dispensers and solar powered hand-wash stations, Africans have responded. The speed with which these businesses have set up or retrofitted operations illustrates the ability of African companies to adapt quickly and strategically. Without the usual default fallback on imports, Africans have demonstrated the extent and capability of local production – a trend that must be continued once the pandemic is brought under control.
After this crisis subsides, there is hope that African companies will maintain this momentum and seize the opportunity to contribute to making their countries and the continent more self-sufficient and better prepared to weather future storms.
I have been reflecting on “What it will take for African companies to achieve this goal?” I believe that they will need to invest in scaling up and improving the standards of their operations. But in addition to the usual technical, commercial and financial requirements expected of any successful business, they must embrace Sustainability (Environmental, Social and Governance) principles and practices as an integral part of their core business objectives, strategies and operations. At the very minimum, this will be an undisputed requirement of would-be financiers of those businesses.
Sustainability practices and principles will enable African companies to create long-term value for their businesses and their stakeholders – investors, customers, employees, governments, impacted communities and society, broadly. I believe the African companies that stand the test of time will be those who embrace Sustainability as they plan for their long-term success.
What we are up to & News
Joël Rault joins Kina’s Advisory Board
We are thrilled to have Joël Rault, Chairman and Founder of Hermès Advisory, join our Advisory Board. Joël has previously served as an Ambassador Extraordinary and Plenipotentiary for the Government of France and has extensive experience in administration and the management of private companies. He is also an emerging leader of the Harvard Kennedy School. We are looking forward to having his advice and guidance as we forge ahead with advising companies operating in Africa on Sustainability. For our full press release, ‘click here’
Invest Africa Ltd’s Webinar On Renewable Energy Solutions in Africa
Join our Managing Director, Rosalind Kainyah MBE, as she moderates Invest Africa’s webinar on Renewable Energy Solutions in Africa – Covid19, Sustainability & the future of the continent with Jennifer Boca of Lekela Power, Mansoor Hamayun of BBOXX and Scott Mackin of Denham Capital. They will be looking at whether investment bodies will have to pivot away from renewable energy assets in light of COVID-19; how renewable energy operations have been affected by the virus; the multilateral funds such as AfDB’s SEFA play in renewable energy developments across Africa; and the importance funds should place on ESG standards in the investment decision?
Date: Wednesday 6 May 2020. Time: 12:00-13:00 BST
Kina Advisory is proud to be an event partner of DLA Piper – Africa Week 2019
On the 28th November, Kina Advisory is proud to be an event partner of DLA Piper – Africa Week 2019. The theme for the day is“Africa: the future of trade and investment” and will be facilitated by Lanre A. editor of Nurmara and former editor of This Is Africa at the Financial Times and African Business. Our MD Rosalind Kainyah MBE will be moderating a session in the afternoon on: “Developing sustainable energy and natural resource projects: Implementing ESG in practice” | The panel will be made up of Jack Cunningham – Sustainability, Policy & Risk Director, Gemfields, Rhys Davies – Partner, DLA Piper, Chris Goodwin-Hudson – Founder, Watchman & Carla McRoberts – Managing Director, Veracity Worldwide | For a full breakdown of the day click here:
Rosalind Kainyah MBE will be chairing the 5th Africa Oil Governance Summit
Rosalind Kainyah MBE will be chairing the 5th Africa Oil Governance Summit on the 22nd & 23rd October 2019 & facilitating the 1st panel on “Value addition to petroleum resources extraction through industrialization: The possibilities and the challenges”. For a full break down of speaker & agenda, click here.
Africa | Attracting a New Wave of Investors
Rosalind Kainyah our Managing Director will be moderating a panel discussion for Invest Africa & DLA Piper on Wednesday 25th Sept 2019. The Topic: Attracting a New Wave of Investors: Corporate Governance and Meeting International Standards | For the full details of who’s on the panel and focus points, click here.