Finding value In Africa
During a June 2010 trip to Harare to meet with
South Africa based investment managers managing a fund investing in
Zimbawe, KCML director Ashik Shah was able to take a closer look at
some of the businesses in the fund's portfolio, finding that after
factoring in the political risk (in Warren Buffet's words "a
one-time, huge, but solvable problem") they still remain attractive
investments.
After appropriate due diligence Kurm Investments Inc.
subsequently took up a KCML recommendation to make an investment
in the fund.
