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Kuranga & Associates VC Fund (Update)

12 Apr

David O. Kuranga, Ph.D.

The author is the Managing Director and Principal of Kuranga and Associates, a full-service investment, political and economic risk consultancy, and asset management firm that specializes in Africa. He is also the author of The Power of Interdependence with Palgrave Macmillan Press.

We are in the process of wrapping up our seed round for our SME Venture Fund for Nigeria. Kuranga and Associates Venture Capital is a new 30 million dollar Venture Capital Fund for Nigeria specializing in Small to Medium-size Enterprises (SMEs). The fund expects to hold its first closing in 2013. SMEs have a vital role to play in developing economies as they account for a large percentage of the overall growth in the economy. For a myriad of reasons it is difficult for international capital investors to access privately owned businesses across Africa. The goal of Kuranga & Associates Venture Capital is to help remove this obstacle and provide international capital for talented African entrepreneurs starting in Nigeria. Kuranga and Associates is currently forming strategic partnerships with individual and institutional investors.

Our target investors and institutional partners seeking high-yielding investments also have a desire to make an impact through socially responsible investing (SRI). The fund targets a capital of $33 million USD (first closing at $18 million USD). Along with our partners, the fund seeks to acquire additional individual and institutional investment commitments. The growth of the SME sector in Nigeria far outpaces the growth found in many of the conventional financial markets. Individual investors that are seeking to diversify their portfolio to include high-yielding investments in Africa should take a close look at our fund. For details contact us by email or phone.

David O. Kuranga; Ph.D. Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com
http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Kuranga & Associates Venture Capital

7 Nov

Kuranga & Associates Global Consultancy
Office: 646.481.6263
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/

Kuranga and Associates Venture Capital Fund

25 Sep

Kuranga and Associates is launching a new 30 million dollar Venture Capital Fund for Nigeria specializing in Small to Medium-size Enterprises (SMEs). The fund is currently in fund-raising stage and expects to hold its first closing by the beginning of 2013. SMEs have a vital role to play in developing economies as they account for a large percentage of the overall growth in the economy. For a myriad of reasons access to credit is a major obstacle for talented entrepreneurs across Africa. The goal of Kuranga & Associates Venture Capital Fund is to help remove this obstacle for talented African entrepreneurs starting in Nigeria. Kuranga and Associates is currently forming strategic partnerships with individual and institutional investors. For more information about the fund contact Kuranga and Associates MD, David Kuranga directly by email: david.kuranga@kaglobal.net, or phone: 646.481.6263.

Kuranga & Associates Global Consultancy
Office: 646.481.6263
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/

Spains Borrowing Cost Skyrocket

10 Jul

David O. Kuranga, Ph.D.

The author is the Managing Director and Principal of Kuranga and Associates Global Consultancy, a political and economic risk management firm that specializes in Africa. He is also the author of The Power of Interdependence with Palgrave Macmillan Press.

In the absence of a Greek default, intermediate borrowing costs in Spain have reached its highest levels in the history of the Eurozone. In a recent sale of Spanish government bonds, Spain had to pay more than double what it would have paid just a month ago. While the sale of bonds demonstrates that Spain could still raise billions from investors, the cost it had to pay to do so is clearly unsustainable. Most analysts estimate that Spain will recquire over 50 billion USD in additional financing to provide capital to its trouble banks. Spain is expected to formally reach out to the EU for assistance.

What is perhaps most pronounced about the situation in Spain, is the multilateral nature by which decision-makers are seeking to address the issue. The world order has shifted substantially since the end of WWII. The new faultlines of security and economic policy are within multilateral foundations of supranational regional organizations. Most of the major decisions in the coming decade will be made in this way. The fact that so many of the pressing issues are now resolved by regional organizations is another key indication of the power and influence they wield in modern global affairs.

David O. Kuranga, Ph.D.
Managing Director

Kuranga & Associates Global Consultancy
Office: 212.363.0936
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/
http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Calling Investors

5 Jul

We are looking for any individual or institutional investors interested in investing in a new VC Fund focused on SME’s in Nigeria. Investments will be targeted at renewable energy, agriculture, and firms that have a solid history of profitability and growth. The minimum investment is 1,000,000 USD for individuals and 5,000,000 USD for institutional investors. If you or anyone you know is interested and would like further details, please contact me directly.

David O. Kuranga, Ph.D.
Managing DirectorKuranga & Associates Global Consultancy
Office: 212.363.0936
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/
http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Mali: ECOWAS Strips Former Junta Leader of “Head of State” Status

5 Jul

David O. Kuranga, Ph.D.

The author is the Managing Director and Principal of Kuranga and Associates Global Consultancy, a political and economic risk management firm that specializes in Africa. He is also the author of The Power of Interdependence with Palgrave Macmillan Press.

The former junta leader that removed the out-going president of Mali before his term was set to expire in just a few weeks is no longer recognized by ECOWAS as a former “Head of State”. The agreement to recognize the junta leader was done in order to pave the way for a quick return to civilian governance. However, shortly after the parliamentary speaker assumed the presidency, military guards aided an attack on him at the presidential palace and refused to prevent protestors from occupying the usually heavily guarded residence. After the incident the regional body promised to investigate and punish all those that were responsible for the attack on the interim-President and parliamentary speaker. As it appears that investigation has led to reversal of the fortunes of the former junta leader. Those who speculated that the military in Mali had any leverage over ECOWAS to prevent the return of constitutional order, or to block a multilateral ECOWAS force from helping to retake the north of the country are mistaken.

The regional body utilizes methods of “sticks” and “carrots” in order to coerce or enties key domestic stakeholders to comply with their decisions. Once this occurs the domestic parties usually do not have many real options at their disposal. They can either benefit from cooperating or can face the consequences of failing to comply. As it appears, the former junta leader in Mali tried to do both. He stepped down and recieved the status as a “former head of state” a position that grants a $9,000 USD monthly salary. After he handed power to the civilian authorities, he then through the military refused to protect the new civilian leader and an help orchestrate an attack on his residence conducted by plain-cloths civilians.

An ECOWAS force on the ground in Mali is imminent. Likely France and potentially a few other western countries will provide further assistance once a UN resolution is passed. Once this happens, military leaders in Mali will have lost most of their bargaining power, if not already. Further rebels to the north who refuse to comply with regional mediators will also come under threat of military action. They are likely to be repelled from key central cities and towns shortly after the mulitalateral intervention. They also retreat to neighboring countries or sparsely populated regions of Mali.

Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2012 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

David O. Kuranga, Ph.D.
Managing Director

Kuranga & Associates Global Consultancy
Office: 212.363.0936
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/
http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Mali Gold Tax

18 May

As I indicated as a substantial residual political risk in the previous two articles I wrote on Mali dating back to April 5th and the morning of May 17; See:

https://kurangaandassociates.wordpress.com/2012/05/17/the-political-risk-in-mali-moving-forward/

https://kurangaandassociates.wordpress.com/2012/04/05/investing-in-mali-security-and-political-risk-management-in-west-africa/

Mali instituted a new gold tax of 2% yesterday. In both articles I refer readers to a recent speaking engagement I had in New York City on March 2nd. See:

http://webcast.murdockcapital.com/InvestOp010NovaCapital.htm

These residual risks in Mali will remain for years to come. However, there is still money on the table, provided that firms operating in the country increase their political risk management capacity, the country is just as profitable today as it was in 2011. All major firms that have invested in the country can still move forward with all their plans, provided that they increase their political risk management capabilities.

Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2012 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

David O. Kuranga; Ph.D.
Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/

http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

MD Director David Kuranga Speaks at Murdock Symposium

13 Mar

Kuranga and Associates Managing Director, David Kuranga, spoke at the Murdock Capital Investment Opportunities in Energy Symposium on Friday March 2. He spoke on behalf of Nova Capital Africa Analytics, a division of Nova Capital Investment Bank that works with Kuranga and Associates in developing research products for investors in Africa.

See Video Link Below:

http://webcast.murdockcapital.com/InvestOp010NovaCapital.htm

Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2012 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

David O. Kuranga; Ph.D.
Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/