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4IP Group attending the GSGII Impact Summit 2018 “The Power of Impact: Driving to Tipping Point 2020”, New Delhi, India, 7-9th October 2018

05 Oct 18
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4IP Group Managing Partner and current rotating president, Christian Kingombe, and 4IP Group Zambian Pipeline Officer & IIX Chapter Lusaka Lead, Haggai Chomba, will be attending the Global Steering Group for Impact Investing (GSGII) Impact Summit “The Power of Impact: Driving to Tipping Point 2020”, 7-9 October in New Delhi, India.

4IP Group has a wealth of exciting impact investing projects in our pipeline, including an exciting Affordable Housing (Sun City – Athi River) project South of Nairobi, Kenya; a Solar Power (Africa Utility Solar) Fund focusing on Sub-Saharan Africa; several wind power parks (Naxxar 1-4) in Romania; Biofuel (Green Fuel Sugar Estate and Ethanol Production Plant) project in Zimbabwe; Fruit Juice project in Guinea; PPP transport infrastructure projects in Tanzania and Uganda as well as numerous small, medium and large scale impact enterprises operating from Zambia.

As on-going Impact Investing Market Builders in Zambia, hitherto through the Impact Investing Exchange (IIX) Chapter Lusaka, we are looking forward to participating in the GSGII Summit’s first day’s Workshop for National Advisory Boards (NABs) and potential future NABs on Sunday October 7 in order to get to know existing, new and potential future NAB members from around the world as well as exploring and learning more about the following categories: NAB Structure & Governance, NAB Leadership, NAB Communication & Education, NAB Sustainability, NAB Delivery & Achievements in Market Building, Other Market Building topics?

During the remaining part of the GSGII Summit we are looking forward to in-person conversations with impact investors regarding our above mentioned impact investment pipeline and to meet with other 900 impact leaders of the global impact investing ecosystem engaged with key issues pertaining to demand; supply; intermediation; policy & regulation; and Market Building as the five core building blocks of the global impact investment eco-system issues. See you in New Delhi.

 

 

Impact Investing and Sustainable Development: Which Contribution?

28 Sep 18
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By Torkil Hvam Sørensen & Christian Kingombe, 4IP Group, 25 September 2018

4IP had the pleasure of attending a seminar on impact investing organised by the Geneva Chamber of Commerce, Industry and Services (CCIG). With the title Impact investing: quelle contribution au développement durable? [Impact investing: What contribution to sustainable development?], the seminar invited three speakers to present their thoughts on the industry’s current status and road ahead.

Bernd Balkenhol Professor of Micro-Finance and Financial Inclusion from the Geneva School of Economics and Management (GSEM) and member of Geneva Finance Research Institute (GFRI) as well as founder of the ILO’s Social Finance Programme, argued that while impact funds certainly represent much-required influx of capital to financing the SDGs, investors should also look beyond impact investing and consider ESG impact. The current ratio of impact investments, Professor Balkenhol continued, is skewing towards financial services (19%) energy (14%) and Microfinance (9%).[1] Professor Balkenhol urged investors to spread investments to areas that also require enormous injections of capital, such as Affordable Housing, Health, Access to Education and Healthcare as well as WASH. Among the many challenges that lie ahead for impact investing, Professor Balkenhol mentioned verification and certification, access to time series data, harmonisation of measures, and a set of standardisation impact measures. Green washing from mainstream asset managers is furthermore a concept that could potentially discredit the impact investing industry, as a dedicated niche of sustainable investing. Many investors are playing with the right words and declaring green and social impact in report mechanisms, while in reality the investments have little real substance. To overcome this large risk to the impact investing sector, Patrick Scheurle, the chief executive officer of Blue Orchard Impact Investment Managers, recently told ESG Clarity that “In our interpretation, impact investing requires an active element. It is investing with the intent to make a positive difference, to actively engage with the investees to translate that investment into making a difference. At the reporting level they need to measure and report on their achievements.”

Guillaume Bonnel from Banque Lombard Odier & Cie presented how his bank has transformed its conventional investment strategy five years ago to respond to services needed in developing countries. Since then the bank’s investment portfolio has to a higher degree steered its investments towards impactful projects. Lombard Odier aligns impact investments with three pillars: Inclusive finance, Sustainable agricultural development, and SME Impact (access to energy, water and education). To date, the bank has invested in, among others, microfinance to women in India, provided capacity-building farmers in Peru to obtain Fair Trade labels, provided access to energy in Tanzania and West Africa through solar panels, and funded WASH projects in Colombia. Mr. Bonnel mentionned how ICT has leapfrogged in developing countries and how this development have helped the bank’s projects in Africa. On a final note, Mr. Bonnel touched on the subject of Green Bonds that pioneered in Geneva 10 years back and a market with defined use-of-proceeds that has grown by 159% year on year since 2013. Lombard Odier is involved in areas where green bonds can help reduce carbon emissions while being deemed to help in the fight against climate change and support the United Nation’s 2015 Sustainable Development Goals (UN SDGs). This will require substantial investments from private capital markets (to complement government and philanthropy). But the UN SDGs also provide significant opportunities for investors. According to a report by the Business and Sustainable Development Commission, achieving the SDGs could open USD 12 trillion of market opportunities and create 380 million new jobs by 2030. Impact investors have answered this call by tailoring products and funds to specifically address the SDGs as presented by Lombard Odier at the CCIG seminar. Moreover, Fifty-five percent of the GIIN respondents track the performance of at least some of their impact investments to the SDGs, a quarter of which noted that doing so helps them conceive of new investment strategies and opportunities.

Neville White, the head of SRI policy and research at EdenTree Investment Management stated that “The limitations of the UN SDGs become apparent when utilised as a framework for measuring impact of portfolios. The overlay tools hurried to market so far seek to apply simple metrics to complex business models in a bid to provide a comparative, quantitative impact ratings methodology. While this approach seems straightforward at first glance, our deeper analysis shows several weaknesses embedded in these methods. Not least, the data available from companies on operational impact is limited.” Hence, it was very pertinent that the last speaker of the GGIG event was Sylvain Massot the Chief Financial Officer from IMPAAKT. Mr. Massot began his presentation by adhering to the GIIN definition of impact investing, which emphasises that only companies that have true social and environmental intentions may consider their investments impactful. He continued by arguing that conventional Private Equity (PE) measures may not be useful indicators to assess potential impactful investments. Also, Mr. Massot touched on the subject of regulation, mentioning Article 173 of the French Energy Transition Law, which came into force on 1 January 2016. “It strengthened mandatory carbon disclosure requirements for listed companies and introduced carbon reporting for institutional investors, defined as asset owners and investment managers.” Lastly, Mr. Massot addressed the lack of a unified or centralised institution or measure to determine impact. For example, Mr. Massot questioned Nestle’s impact investments and called for a unified solution in the industry. To achieve this, more collective intelligence and real time data should be shared in the impact investing community. In other words, IMPAAKT believes that “we can all participate in changing the world for the better by inciting businesses to become a driving force for good. For this to happen, we need to measure the real impact that companies have on the planet and society. We need to gain knowledge on how their operations and products affect our very lives for better, or for worse. So that we can invest in, buy from or work for the companies that bring the most positive contribution to our world.”

The CCIG seminar was concluded by a panel discussion with the three speakers and Andrea Baranzini from Haute École de Gestion (HEG-) Geneva. Among the many insightful thoughts that were shared during this panel debate, the topic of impact measurement was further discussed. A point was also raised that while ESG ratings, e.g. designed to help investors identify financially material sustainability-related risks, is a good practice, it does not always provide the needed solutions to fulfil the SDGs.

[1] See Figure ii: Sector allocations by AUM and percent of respondents in the eighth edition of the GIIN’s Annual 2018 Impact Investor Survey, which provides a detailed look at a diverse, dynamic, and growing impact investing market. In 2018 GIIN received responses from 229 organizations that collectively manage USD 228 billion in impact investing assets.

Tunisia PPP international Forum

22 Sep 18
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4IP Group represented by Managing Partner Thibaut Mourgues attended on September 18th the Tunisia PPP International Forum.  The event was organized by the Tunisian Government with the support of IFC and EBRD.

Over 200 international investors and interested parties attended the forum in addition to 1.000 Tunisian participants. The Tunisian Government, led by the Prime Minister Mr. Youssef Chahed, introduced an impressive PPP pipe-line of over 30 projects at various stages of preparation.  The most advanced projects pertain to the transport and energy sectors, amounting to more than 5 bn euros. The Government indicated that despite the tense financial situation, their sound economic policy will favour sustainable growth, addressing unemployment and regional disparities issues.

As all speakers mentioned the key to PPP success is the quality of preparation, combined with the involvement of world class advisers that donors are ready to support. In this context, following to talks with PPP Unit top management, 4IP group is well positioned to support the implementation of a PPP program which benefits citizens, while attracting international investment interest.

Zug Impact Summit Earth and Finance

20 Sep 18
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4IP team with Deniz Erkus, from SIIA

On 17th and 18th of September, 4IP Group Managing Partner and current President Christian Kingombe and 4IP Group Research Associate, Torkil Hvam Sørensen, attended the Third Annual ZUG IMPACT SUMMIT, entitled “Earth and Finance”. Earth & Finance was this year’s summit theme, looking into ways to improve the livelihoods of people and conserve and regenerate the planet. The Zug Impact Summit took place at the Theatre Casino Zug in Switzerland.

This was 4IP Group’s inaugural participation in this event as Alliance Partner of the Swiss Impact Investing Association (SIIA), in our quest to participate in the creation of increased awareness for impact investing in Switzerland, while at the same time matching Swiss Impact Investors with investment opportunities in Emerging and Frontier Markets (see our event showcase). The two 4IP Group delegates met with a unique mix of entrepreneurs, impact investors, and thought-leaders.

The SIIA Zug Summit gathered numerous inspirational speakers, such as Rodney Schwartz Founder, ClearlySo, Martin Palmer Secretary General, Alliance of Religions and Conservation, along with world-class educators, like Robert Rubinstein Chairman from TBLI Group. The second day of the event featured four practical showcases of Gender Equality Investments; five Female Founders pitches and finally, an impressive 18 Water and Sanitation pitches, as part of the Innovate 4 Water part of the programme.

We look forward to building on our exchanges with you to achieve objectives beyond just financial returns.

 

 

 

Impact Investing and Purpose driven leadership

11 Sep 18
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On 5th of September, Christian Kingombe, Managing Partner 4IP Group, gave a lecture on Impact Investing and Purpose Driven Leadership at the Geneva Global Leadership Programme. This Global Leadership programme provides senior university students and young professionals with an in-depth briefing and exposure to the global policy debates on issues related to different aspects of sustainability and governance of the global system.

For more information about This 4th edition of the Geneva Global Leadership Study (GGLS) organized by CSEND, click here: http://www.csend.org/programmes-a-services/summer-schools/413-geneva-global-leadership-programme

Newsletter n6

02 Aug 18
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4IP group newsletter covering Q2 2018 is published. Read it here:  Newsletter Q2 2018

SWISS IMPACT INITIATIVE

03 Jun 18
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On May 30th , 4IP Group LLC hosted at the Impact Hub Geneva the SECOND IMPACT WORSHOP MEETING of the ESAFON led by the SWISS IMPACT INITIATIVE.

The objective of the meeting, which was attended by a representative group of the Geneva Impact Investing Eco-system, was to discuss how the new Swiss Impact Initiative could foster the development of the impact investment market globally from Switzerland. This would take advantage from the fact that the Swiss market already plays a leading role in global impact investment and as such has the potential to significantly influence and scale impact globally. Following the European Commission’s March 2018 report «Incorporating sustainability when providing financial advice» several concrete action plans were agreed upon, which will be disclosed in due course.

Stay tuned as this important initiative is being rolled out.

 

4IP Official Sponsor and speaker at African Investments (AFSIC) Southern African Investor Trip – Lusaka, June 11-12th 2018

29 May 18
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The African Investment 1st Impact Investing Conference

Conference – June 11-12th, 2018 – the Southern Sun Ridgeway Hotel – Lusaka

Please click on the link to download the conference brochure

 

AFSIC – AFSIC attracts global investors interested in investing in Africa, and companies, dealmakers and other investors from across all parts of the African continent. This event has rapidly become one of the leading Africa investment events globally.

The AFSIC team runs perhaps the most extensive investor trips to multiple countries across Africa. These trips are entirely investment focused and centre on researching and originating high potential and investable companies and projects in Africa. AFSIC welcomes other investors (free of charge) and other interested parties (payment required) on these trips with them. If this might be of interest please view their current investor trip schedule here. For further information on 4IP Group’s participation in future investment events visit http://4ipgroup.org/news/

At this AFSIC conference in Lusaka, which is the first AFSIC event in Zambia, 4IP Group will Presenting Teasers from our Portfolio of bankable projects across the Southern African Region as well as participate in the Entrepreneur’s Showcase (from our Zambian pipeline of impact enterprises) – Five minutes Pitch Decks with Investor Questions and Feedback. We look forward to meeting you in Lusaka.

 

 

Internship with 4IP

25 May 18
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4IP Group offers internship programs in a variety of fields encompassing impact investing, business development, evaluation, and research.

 

Our internships provide real-world insights and exposure to actual working life, the chance to build valuable business networks and a relevant experience which can act as a foundation to interns´ career choices.

 

4IP seeks highly motivated undergraduate, graduate, or recent graduate interns, offering them the opportunity to experience and work across multiple areas within an international company with a focus on global engagement and international development.

 

For partner academic institutions, our internship programme enables academia to develop a solid relationship with industry and pave the way for joint projects of mutual interest.

 

We invite you to navigate through our website to find out more on how you can be engaged with our company, as a potential partner or as an Intern.

Internship Policy

Internship Purpose and Objectives

  • The internships carried out at 4IP Group aim to provide the trainees with in-depth knowledge and improved management and research techniques in the thematic area of ​​the scope of work to be carried out.
  • Internships provide an understanding and an opportunity to gain real life experience in the specific areas of impact investing, international development PPPs, and evaluation.
  • The internship is carried out according to a work plan previously set with the internship supervisor(s) within an agreed duration and time period.

Qualification and Selection of the Applicant

  • Candidates shall have completed a Bachelor or a Master’s degree in a relevant area such as economics, management, law, international relations, marketing or shall be a full-time or part-time undergraduate or post-graduate student.
  • The applicant shall have demonstrated interest in business development, finance, and international development.
  • The applicant must be in good academic standing.
  • The applicant must be proficient in English, the language of the internship.
  • The ideal candidate will have experience working in a fast-paced environment. The intern must be detail-oriented, able to multi-task, and have strong written and communication skills.
  • All interns complete a minimum 8-week internship.
  • Selection of the applicant shall be the responsibility of 4IP Group after the submission of an application and a follow-up interview.

Internship Schedule and Activities

  • Orientation/induction provided at the start of internship.
  • Emphasis will be given to on-the-job training aspects of the internship. The training schedule and assignments will be patterned to permit the Intern to pursue activities within the agreed area of work.
  • The work can be conducted at home (home-based work) or can take place at identified facilities, as long as the Intern is available by email, skype and/or whatsup, as previously defined with the trainee.
  • The Intern will attend relevant staff meetings, and external meetings that his/her supervisor deems to be appropriate.
  • When required, the Intern will attend meetings involving outside organizations.
  • No travel or food expenses are reimbursable, except for previously agreed meetings or events.

Educational Objectives

Upon completing the 4IP internship, the Intern will:

  1. Have applied the knowledge and skills learned in academia.
  2. Acquire more in-depth knowledge and research techniques in the thematic area of ​​the scope of work to be carried out.
  3. Gain practical experience on the job, by seeing practitioners in action.
  4. Improve their problem-solving, interpersonal and communication skills, and hopefully confirm their career interests.
  5. Have general knowledge of a range of activities of a management consulting firm (e.g. professional activities, publications, government affairs).
  6. Understand the need for and purpose of impact investing.
  7. Gain a deeper understanding of international development challenges.

Process

  • Apply to the internship.
  • If you are pre-selected, 4IP Group will reach out to you to gauge your interest and expected learning objectives. An interview will set-up.
  • An agreement will be made as to the conditions of the internship.

 

If you are interested in applying for an internship in a specific area, we encourage you to review our internship policy (above) and our website for more information on our activities or contact us directly at info@4ipgroup.org

 

Application Instructions

Submit the following documents in one electronic submission to info@4ipgroup.com with the subject line “Internship Application”:

  • CV and/or resume
  • Cover letter including the following information:
    • Preferred contact information (full name, mailing address, phone/whatsup, primary email, alternate email, skype)
    • Mention of prior professional experience
    • Motivations and expectations
    • Desired area of work
    • Contacts of two references (name, primary email, phone)
  • Academic transcripts (may also be sent by mail or to the address below).

 

 

4IP actively involved in UNECE PPPs’ initiatives

10 May 18
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Christian Kingombe (1st left) and Thibaut Mourgues (2nd right) celebrate the creation of WAPU at UNECE PPP Forum, Geneva 

The UNECE International PPP forum held in Geneva 7-9 May oversaw important news. UNECE (United Nations Economic Commission for Europe) and UNECA (United Nations Economic Commission for Africa) have agreed to join forces to conduct joint Business Advisory Board (BAB) missions to Africa. These missions driven by private sector experts will support African countries in establishing PPP framework, designing effective and bankable PPP programs or projects that will be oriented toward the Sustainable Development Goals.  As an advisor to the BAB, 4IP welcomes this move which will improve coordination and leverage of the international community to support the African continent.

During the same meeting, the founding assembly of the World Association of PPP Units (WAPU) was successfully held. The Association will aim to strengthen the cooperation between PPP units and foster the transition toward People’s First Public Private Partnerships that will directly support SDGs. The Executive Committee of 7 members will comprise representatives of PPP units as well as of private sector. Thibaut Mourgues, Managing Partner of 4IP, was unanimously elected a member of the Executive Committee. 4IP will continue to promote sustainable development through PPPs and will do its utmost to make this initiative an important contributor to sustainable PPPs implementation worldwide.