KUMBA — Investment Advisory for Africa
Expertises KUMBA

Six disciplines, a single partner.

An investment project rarely fails for lack of an idea; it fails due to a fragile structure, poorly targeted financing, or unanticipated risk. Our six disciplines cover the entire cycle, from sovereign policy to financial close, across French-speaking West and Central Africa.

Project Structuring & PPP 01

Project Structuring & PPP

Transforming a public priority into a bankable project.

We design the complete architecture of infrastructure and productive investment projects: role sharing between the State and the private sector, special purpose vehicles (SPV), equity allocation, contracts, and guarantee mechanisms. Our goal: an investment structure that development finance institutions immediately recognize as solid.

Concept notes and pre-feasibility studies Structuring public-private partnerships (PPP) and concessions Incorporation of OHADA-compliant project vehicles (SPV) Multi-layered guarantee architectures Selection and due diligence of technical partners
Strategy & Market Entry 02

Strategy & Market Entry

Defining where, how, and with whom to enter a market.

We assist investors and corporate groups in selecting the right country, the right entry model, and the right partners, guiding them through their initial operational milestones.

Market opportunity studies and country diagnostics Country selection and market entry models Business plans and institutional financial models Subsidiary incorporation and startup procedures Country portfolio allocation strategies
Financing & Development Finance Institutions 03

Financing & Development Finance Institutions

Speaking the language of institutional capital providers.

We prepare and present projects to development finance institutions (DFIs) and private investors, structuring the most suitable capital stack: equity, quasi-equity, debt, and risk-mitigation guarantees.

Investment dossiers meeting IFC, Proparco, AfDB, BADEA, MIGA standards Financial engineering: equity, mezzanine, senior debt Fundraising and strategic investor outreach Information memoranda and board presentations Transaction advisory through to financial close
Legal, Regulatory & Tax Advisory 04

Legal, Regulatory & Tax Advisory

Securing the legal and fiscal framework of investments.

Working closely with our trusted network of local legal and tax counsels, we structure the legal foundation of each project and leverage available statutory incentive regimes.

Regulatory monitoring across OHADA, WAEMU (UEMOA), and CEMAC frameworks Investment codes, attractiveness legislation, and incentive schemes Investment conventions and sovereign establishment agreements Licensing, regulatory authorizations, and permits Non-disclosure agreements, memoranda of understanding, and advisory mandates
Risk, Compliance & Integrity Due Diligence 05

Risk, Compliance & Integrity Due Diligence

Anticipating factors that could compromise project viability.

We identify and mitigate risks that concern institutional lenders: country risk, counterparty risk, fraud risk. Every partner is thoroughly vetted before introduction.

Country, political, and operational risk diagnostics Integrity and capability due diligence on technical partners Detection and mitigation of financial fraud schemes Bankability scorecards and independent dossier reviews Environmental and social governance compliance (ESG)
Institutional Relations & Economic Diplomacy 06

Institutional Relations & Economic Diplomacy

Opening the right doors at the highest levels of decision-making.

We facilitate high-level dialogue between investors, governments, and multilateral institutions, championing strategic projects to executive leadership.

Briefing dossiers and presentations for Heads of State and cabinet members Dialogue with ministries, parliaments, and investment promotion agencies Stakeholder mapping and high-level introductions Investment forums, sovereign missions, and bilateral meetings Institutional communication and narrative design for major projects
FEATURED CEMAC Zone: Prerequisites for a first bankable project.
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