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Emtel Limited: Undervalued at Rs. 22.70
Emtel reports half-year results ending June 2026, showing profit rose 34% as CAPEX fell 47% . Our DCF puts the shares at Rs 31.02 against a Rs 22.70 close.

Adil Aboobakar, CFA
Aug 104 min read


Estimating the Company-Specific Risk Premium for Private SMEs: A Practical Debt Spread Approach
When valuing a private company, the discount rate is where most of the real work - and most of the debate - happens. One component sits at the centre of that debate more than any other: the Company-Specific Risk Premium, or CSRP.

Adil Aboobakar, CFA
May 214 min read


IMF Article IV - Mauritius 2026: Snapshot
Every year, the IMF conducts a bilateral review of each member country's economy under Article IV of its Articles of Agreement. The findings are the closest thing to an independent, authoritative audit of a country's macroeconomic health. For Mauritius, this is the most credible external assessment available - more rigorous than any local commentary.
What the 2026 mission found was not alarming. But it was pointed.

Adil Aboobakar, CFA
May 163 min read


Unlocking Africa’s Unicorns: Business Valuation Insights and Mauritius' Strategic Role in 2026
Africa’s startup ecosystem entered 2026 in a more selective and valuation-conscious investment environment. After several years of aggressive venture capital deployment into African fintech, logistics, mobility, and technology platforms, investors are increasingly shifting focus toward financial clarity, sustainable growth, operational scalability, and long-term value creation.

Adil Aboobakar, CFA
Jan 153 min read
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