Governance
Independence and compliance aren’t values statements here. They’re how every mandate runs.
Why this page exists
Africa’s infrastructure advisory sector has a real integrity problem — and real consequences for firms that get it wrong. In March 2026, the World Bank debarred three PricewaterhouseCoopers Africa entities for 21 months over collusive and fraudulent practices on a major cross-border power project. It’s a reminder of what’s at stake whenever an advisor sits between a government and a source of capital or technology: the position itself creates the opportunity for the misconduct it’s supposed to prevent.
We publish our governing principles for that reason. Not as a formality, but because a government or financier evaluating a new advisor should be able to check our commitments against how we actually operate.
Our governing principles
Conflict-of-Interest Policy
- We advise. We do not broker, take undisclosed commissions, or act as a political intermediary.
- We disclose any relationship that could reasonably affect our independence on a mandate.
- Where a conflict can’t be managed through disclosure, we decline the mandate.
- We do not accept success fees that reward a specific outcome over the client’s best outcome.
Fiduciary Standards
- Every mandate is documented in writing before work begins — scope, counterparties, remuneration.
- We represent our track record, capacity, and relationships accurately.
- Client and counterparty information is held in confidence and used only for the mandate it was shared for.
Anti-Corruption & Ethical Sourcing
- We do not offer, solicit, or accept bribes or improper inducements, in any jurisdiction.
- We screen counterparties against sanctions lists before engagement.
- We favor technology and industrial partners with a demonstrable compliance record, even where it costs a faster introduction.