- Expansion
- 2030
Programme Latitude · Phase 5 of 7
2030: Africa and the Indian Ocean
The fifth phase scales the Port Louis platform from nine administered vehicles to sixteen and gives it a treasury function of four people. Johannesburg opens an agri-science origination desk with four analysts, and the Nairobi representative desk becomes an office once the Kenyan registration is granted. Three registrations in the phase take the group to 37 jurisdictions.
The phase
This region carries the strictest conditions in the group, because most of its positions are biological. Every position underwritten during the phase is audited against the welfare standards before completion and once a year while it is held. The audit reaches contract sites the portfolio company does not own, which is where most welfare failures begin.
Milestones
- Port Louis platform administering sixteen vehicles, with a regional treasury function of four people.
- Agri-science origination desk open in Johannesburg with four analysts and a rand-denominated book.
- Kenyan registration granted and the Nairobi desk converted into an office covering East African aquaculture.
- Three further African registrations completed, taking the group to 37 jurisdictions.
- Africa and Indian Ocean client portfolio raised from US$29 million to US$60 million.
- Welfare audit completed on every biological position held through the platform before it is drawn.
Initiatives in this phase
- Africa agri-science origination desk (Planned)
- Client reporting platform (Planned)