Rating Release

Agusto & Co. hereby affirms the ‘A-(IM)’ rating assigned to Emerging Africa Asset Management Limited.

The rating expires on 26 August 2027

Agusto & Co. hereby affirms the ‘A-(IM)’ rating assigned to Emerging Africa Asset Management Limited (“EAAML” or “the Manager”). The rating is upheld by EAAML’s experienced decision-making committees and well-documented investment and risk management guidelines. The rating also reflects the Manager’s support from a parent with interests across multiple industries within the financial services sector and EAAML’s increasing adoption of technology across its processes. However, the rating is constrained by the limited research tools and sub-optimal board committees. We have also taken into consideration the weak macroeconomic environment and its capacity to elevate investment and operational risks.