Foreign Investment Fund Targets African Resources: A Critical Look

As Zambians remain vigilant about foreign control of our resources, a new investment player has emerged on our continent. Kessner Capital Management (KCM) launched its first private credit fund in March 2024, claiming to support African businesses. But what does this mean for our economic sovereignty?

Understanding the Foreign Investment Strategy

While KCM presents itself as a pan-African initiative, its ties to international finance raise important questions. We spoke with the fund's co-founders to understand their true intentions for our continent's resources.

Zambian Financial Observer: How do you respond to concerns about foreign control over African businesses?

Bruno-Maurice Monny: "We understand these concerns. Our approach is to partner with local businesses while respecting national sovereignty. We're not here to control but to provide alternative financing options."

The Scale of Foreign Interest in African Markets

The World Bank estimates African SMEs face a $331 billion annual financing gap. While this presents opportunities, we must remain cautious about foreign entities seeking to exploit this situation.

Zambian Financial Observer: How will you ensure Zambian interests are protected?

Benny Osei: "Our fund operates with full transparency and compliance with local regulations. We focus on sustainable growth that benefits local communities first."

Local Control and Oversight

While KCM claims independence in investment decisions, its connection to Swiss holding company NFG SA demands scrutiny. However, unlike traditional Western banks, their model includes significant local involvement in decision-making.

Impact on Zambian Economic Sovereignty

As Zambia continues to defend its economic sovereignty, new investment vehicles must be evaluated carefully. KCM's approach, while foreign-backed, includes mechanisms for local oversight and control.

For more information:
Email: info@kessner.co.uk
Website: www.kessner.co.uk