Edition of Wednesday 2 September 2026
BROWSE THE EDITION
Advisory
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Services

Six services, one question underneath.

What does this framework mean for this asset, this transaction, this counterparty. A firm covering twelve jurisdictions cannot tell you which article a specific ownership structure will fail. That is the work below.

Start with a call What we would tell you not to buy →
01

Reserve and project advisory

Designation mechanics, the right-of-first-offer window, and whether a structure meets the framework's ownership and offtake tests.

  • Designation status and eligibility analysis
  • Project qualification against the ownership thresholds
  • Structuring analysis for first-tier access
  • Offtake and counterparty concentration review

What lands on your deskA written read on whether the asset qualifies, on what evidence, with the open questions listed and dated.

When principals engage usWhen an asset may qualify for the Reserve, or a counterparty claims it already does.

Discuss a mandate The SAR Registry →
02

Political risk analysis

Assessment of the political, regulatory and institutional environment around a transaction or counterparty, built from the public record.

  • Regulatory trajectory and reform exposure
  • Counterparty analysis from public and official records
  • Sanctions-adjacency mapping
  • Market-entry and positioning analysis

What lands on your deskA dated, sourced, confidence-rated assessment, with a register of what we could not establish and why.

When principals engage usPre-investment, pre-signature, or when a position needs re-pricing.

Discuss a mandate The Sovereign & Institutional Rating →
03

Reform tracking

Continuous tracking of the partnership's obligations against their deadlines, so commitments on paper are matched to what has actually been enacted.

  • Article XII and XIV obligation tracking
  • Milestone and compliance monitoring
  • Early-warning and scenario briefings
  • Quarterly written review

What lands on your deskA quarterly written review, plus a note within the week when an obligation moves.

When principals engage usWhen your thesis depends on a reform landing, and on when.

Discuss a mandate The Reform Tracker →
04

Infrastructure and energy advisory

The corridor, generation and transmission, and the constraints that determine whether a project economics model holds.

  • Lobito Corridor capacity and route analysis
  • Grand Inga and power-sector policy assessment
  • PPA and PPP framework advisory
  • Multi-ministry approval sequencing

What lands on your deskA written assessment of the constraint you asked about, with the documents it rests on attached.

When principals engage usWhen a route, a tariff or an approval chain sits on the critical path.

Discuss a mandate The Lobito File →
05

Standing partnership coverage

Retained coverage for principals who need the framework tracked continuously rather than assessed once.

  • Named analyst, on retainer
  • Monthly written coverage on your exposure
  • Ad-hoc questions answered inside the retainer
  • Escalation when a development moves your position

What lands on your deskMonthly written coverage on your exposure, and a named analyst who answers the phone.

When principals engage usWhen the story keeps moving and a one-off read would go stale.

Discuss a mandate
06

Crisis response

Rapid assessment when a designation, a sanction, a ruling or a security event changes the position of an asset.

  • Same-week written assessment
  • Exposure mapping across the affected chain
  • Scenario cascade and decision options
  • Counsel and communications coordination

What lands on your deskA written position inside the week, with the decision options set out and their evidence rated.

When principals engage usWhen something has already happened and the position needs establishing now.

Discuss a mandate
Before you commission

What we would tell you not to buy.

A mandate you do not need. If the answer is already in the registers, we will point you at it and tell you a subscription serves you better. That happens often enough that we would rather say it here than on the call.

Work outside the framework. If your question needs investigative work on individuals, source placement or deal origination, we do not do those things and will name someone who does them properly.

Certainty nobody can sell you. Some things are sovereign and properly confidential, some are simply late, and some are genuinely obscured. We will tell you which, and price the third accordingly. An adviser who promises to close every gap is describing work that would not survive disclosure.

The three kinds of not-knowing →
How it runs

Four steps, and you can stop after the first.

01

A thirty-minute call

Not a proposal and not a pitch. You describe the decision; we tell you whether this is our work, and what we think it would take. No charge, and no follow-up sequence if you decide against it.

02

A scope, in writing

Scoped against your question, on your asset, on your timeline. Project fee or retainer, quoted before anything begins. We do not sell days, and we do not bill by the hour against an open brief.

03

The deliverable

Dated, sourced, confidence-rated, with a register of what we could not establish. Written to be acted on and to survive being forwarded to your counsel or your committee.

04

Or standing coverage

Where the file keeps moving, we keep tracking it, so the read you commissioned does not go stale the week after it lands.

Engagement terms

How we work, before you ask.

Scoped against a question

Project, retainer or hybrid, scoped to a specific question on a specific asset. We do not sell days.

Professional fees only

Project fee or retainer, quoted before work begins. No equity, no success fees, no performance-linked compensation, so our judgement is not exposed to your outcome.

Confidential, under NDA

Every engagement is confidential. Nothing a client tells us appears in published work, ever.

Dated, sourced, confidence-rated

Every deliverable states its sources, its date and its confidence, with a register of what we could not establish and why.

No right of review over publication

An engagement confers no right to see, soften, delay or withdraw a publication or rating. Stated up front, in writing.

We decline work outside the framework

If your question needs investigative work we do not do, we say so on the call and point you to who does it properly.

Not sure yet

Access, or a mandate?

A subscription gets you the analysis. An engagement gets you the answer to your question, on your asset, on your timeline. If you are not sure which you need, start with the call.

Book a diagnostic call Compare subscriptions Read the FAQ →