'Palabre' - let's talk about things.
The first version release of the FiftyFor platform is named after one of my good friends Michel. OUR STORY We met on the first day of term at the Grenoble Ecole de Management in 2002, tied to a pillar with students throwing things at us – as per tradition for the incoming students. I was…Read More
Corporate Social Responsibility, widely referred to as ‘CSR’ was defined by the European Commission in 2001, as ‘a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis’. Whilst this definition appears straightforward, the reality of CSR in companies’ operations is far…Read More
Treading a fine line. Needless to say, history doesn’t shine a flattering light on the West’s treatment of Africa. The horrendous effects of slavery and imperialism are still being felt today. And still, today, Africa is not taken seriously by much of the business world. It is clear that colonial attitudes and exploitative business…Read More
Auditing in Sub-Saharan Africa In the face of major corporate collapses and the 2008 financial crisis, the 1990s and 2000s saw the auditing profession come under fire. The ‘big five’ became four, as Arthur Andersen surrendered its licenses in 2002, guilty of malpractice in auditing energy giant Enron. The accountability and efficacy of…Read More
Credit rating agencies Historically as well as in the present day, credit rating agencies have played an important and central role in evaluating the financial behavior of businesses and enabling loans. Nonetheless, they are vulnerable to criticism. There are question marks, too, over their ability to serve Africa and its developing world…Read More
Is it worth our attention? In recent years there has been an increasing amount of literature published on Africa’s “emerging middle class”. The Standard Bank estimates that, in 2014, 11% of Nigeria’s population could be classified as middle class, while the Mckinsey Global Institute excitedly announces that private consumption is increasing, “offering promising business opportunities…Read More
No way out? For a long time now, many countries in Sub-Saharan Africa have had a liquidity problem. Banks have excess liquid assets that they appear to be unwilling to lend, stunting economic growth. The question is, can this excess liquidity be justified? What’s more, can we find the means to free up the banks’…Read More