Investment Philosophy

Investment Philosophy

Our team, led by Portfolio Manager and Chief Investment Officer Larry Seruma, uses proprietary macro-economic research and in-depth fundamental analysis to manage a focused portfolio of common stocks drawn from the emerging and frontier markets of Africa.

Our process begins with an in-depth macro-economic analysis and systematic ranking of all 53 countries on the African continent. This unique proprietary data helps Nile Capital focus on African economies with consistent GDP growth rates, strong balance sheets, and improving demographics with regards to standards of living and personal consumption.

Within selected economies, the Investment Team focuses on finding what we believe to be the highest-quality companies that offer potential for sustained earnings growth, attractive valuations and market liquidity. Our emphasis includes:

  • • Leading companies with established franchises
  • • Consistent growth in revenues and earnings
  • • Strong management teams, business plans and products

We aggregate and analyze “on-the-ground” information about leading African public companies, including research and earnings estimates of local analysts who follow these companies. We also conduct in-depth due diligence to evaluate, select and monitor companies on the continent.

There is no assurance that the fund’s investment objectives or strategies will be achieved or maintained