Powering the Zambian economy

For Zambia’s manufacturing sector, power outages can mean make or break. Bartlett PhD Researcher Imad Ahmed is working to help the government find a better way to deal with electricity crises. George Bull | Bartlett 100 | 24 April, 2019 Kariba North dam, Zambia. Credit: Zambezi River Authority 70% of surviving manufacturers used diesel generators to…

Bubbles, Manias and Market Failures: the Unintended Consequences of Regulatory Responses

“I’m producing this much carbon now, but I’m betting that in 20 years, there’s going to be some technologies that takes that carbon out,” then how should we regulate those products, because that’s enticing to people. There’s a moral hazard there

Seismic costs

Dawn | October 7, 2018 Imaduddin Ahmed WHEN considering investment in an infrastructure project, responsible investors or donors would ask: what is the need? What are the financial, social and environmental costs? What are the risks and the unknowns? Is the project likely to yield higher costs than benefits? Is the project the best option…

Acumen share pioneering investment philosophy with Bartlett PhD students

18 December 2017 | Bartlett News Bartlett School of Construction and Project Management PhD Candidate Imad Ahmed reports on a talk from Mr Farrukh Khan of Acumen. Following dinner in the Great Hall of Goodenough College, Acumen’s Chief Business Development Officer Mr Farrukh Khan retired with Masters and PhD students, faculty and innovators to the Churchill…

Leapfrogging into the light

Financial Times | 27 March, 2017 Solar systems help Rwanda government switch from provider to regulator of electricity by Imaduddin Ahmed Mobile phones were the “leapfrog” infrastructure of the last decade. They allowed governments and companies in developing countries to skip installing landline systems underground. Off-grid solar home systems are proving to be the leapfrog…

PPP success in Rwanda shows potential for greater self-reliance

Financial Times Beyond BRICS | 2 April, 2015 New Times | 4 April, 2015 allAfrica | 4 April, 2015 World Bank EIN News Desk | 6 April, 2015 Twenty-one years after its genocide, Rwanda ranks 46th in the world for ease of doing business according to the World Bank, four spots below its former coloniser…

African (frontier market) risks associated with PPP infrastructure

and how they can be mitigated. Compiled by a PPP transactions advisor to Rwanda (me). Barriers to private investment in African infrastructure: Country political risk –          Eg. medium or high likelihood of terrorist attacks, war, corruption, riots, strikes Risk of expropriation Payment risk Insolvency for state off-takers such as state utilities Inflation/currency depreciation Currency convertibility Risk…

Is your local public-private partnership going to be a happy one?

By Imaduddin Ahmed and Shilesh Muralidhara The East African | January 11, 2014 Partnerships can be wonderful. They can also be disastrous. So, too, is this the case with partnerships entered into by governments and businesses for the delivery of public goods, which can either lose countries millions of dollars per project or initiate virtuous…

Stories private equity is looking for in Africa

Businesses: –    The business model is scalable –    There is a compelling case that there is large latent/unmet demand for the product/service –    Competition is underperforming/non-existing and barriers to entry are high –    Competition for financing a given firm is low (don’t want to enter a bidding war) –    Strong personal relationships with management –  …

Allocating & valuing risk in public-private infrastructure projects

Notes from Timothy Irwin’s  Government Guarantees – Allocating and Valuing Risk in Privately Financed Infrastructure Projects Bordeaux Bridge – early template of public-private partnership – Govt built bridge – Firm maintained and operated it and contributed capital for construction – Firm would get the toll for 99 years. If annual revenue < min., govt would…