Foglamp Sponsors ACG BRIC Conference
Foglamp sponsored the 2nd Annual BRIC Conference hosted by the Association for Corporate Growth (ACG) at the Roosevelt Hotel in NYC on May 2, 2012. Corporate Executives, Investment Bankers, Private Equity and others gathered to listen to expert panelists speak about opportunities in each of the four emerging markets.
Foglamp Featured in New York Times
Foglamp’s unique approach to working with investors was recently profiled in The New York Times as, “A new type of company intended to put social goals ahead of making profits…” Global Integrity, is likely to spin off a project called Foglamp, which it started, into a flexible-purpose company. Foglamp has a worldwide network of 1,200 people [...]
The Russian Wikileaks?
The New York Times has a fascinating profile today of the man behind a new website aimed at exposing corruption in Russia, particularly around procurement and state-owned enterprises. The neat part — an attempt to “crowd source” corruption: The Transneft controversy has only heightened interest in Mr. Navalny’s blog. He has since branched out from [...]
Mo Ibrahim on Investment Opportunities in Africa
The Wall Street Journal has an interesting interview with Celtel founder and philanthropist Mo Ibrahim on the risks and opportunities of investing in Africa. As Mo sees it: Africa had a bad reputation in business circles. Of course some African countries have issues but the vast numbers of countries are actually okay. So the perception [...]
New report details corruption risks in Vietnamese real estate deals
Per the authors: A new joint-donor study, led by the Technical Advisory Services and commissioned by the Embassy of Denmark, the World Bank, and the Embassy of Sweden in Vietnam “Recognizing and Reducing Corruption Risks in Land Management in Vietnam” systematically examines the process of obtaining a land-use rights certificate and the processes associated with [...]
WSJ: Bribery Is Top Risk For PE Firms, Says Corporate Investigator
The Wall Street Journal’s Corruption Currents blog ran an interesting interview with a veteran due diligence investigator who argues that: “Private equity firms are 10 years ahead of hedge funds in understanding the importance of vetting management teams in onsite due diligence”…But, unlike hedge funds, when it comes to compliance, “most firms are winging it.” [...]
“How the World’s Charity..Became Its Best Investment Opportunity”
Foreign Policy magazine has a nice piece profiling the potential of Africa as the world’s next great investment. As the authors note: Africa, in fact, is now one of the world’s fastest-growing economic regions. Between 2000 and 2008, the continent’s collective GDP grew at 4.9 percent per year — twice as fast as in the [...]
Egypt, Foreign Investment, and Corruption
Foglamp and Global Integrity Managing Director Nathaniel Heller was recently interviewed for a National Public Radio piece exploring the corruption challenges associated with Egypt’s growing economy and foreign investment. It’s a long piece but worth the listen: Nearly 30 years in office, Egypt’s President Hosni Mubarak has become a strong proponent of a market economy. [...]
Foglamp investor call: internet opportunities in emerging markets
Foglamp recently co-hosted an investor conference call with Integrity Research to explore market structure dynamics and specific investment opportunities in the internet/online space in emerging and frontier markets. You can listen to the conference call by clicking on this link, and the slides from the presentation, by Foglamp Managing Director Nathaniel Heller, can be requested [...]
Mark Mobius on the Upside of Frontier Markets
One of the founding fathers of emerging markets investing opined recently on how best to explore investment opportunities in frontier markets. Our favorite section: In general, frontier markets are defined as the ‘next’ emerging markets. The economies are more domestic-oriented with a limited number of publicly listed companies; hence, frontier market investments tend to be [...]