Corey Modeste On What You Don’t Know About Africa, Opportunities [Part 3 of 3]
An investment analyst and director at Greylock Capital Management, Corey Modeste recently sat in on an interview with AFKInsider which analyzed sovereign credit, emerging markets and investment trends in Sub-Saharan Africa. In part three of the interview, Modeste explains how his firm explores small scale investment opportunities — particularly in farming.
“At one point we were looking at a company in Mali that was looking to build cardboard packaging materials. Again, as trivial as something like that sounds, this was a case where many of the farmers in Mali were importing from other countries substandard packing materials,” Modeste said.
“A very simple opportunity for a company to produce locally a product that was easy to ship, easy to produce and easy to deliver to the end consumer — that will ultimately help lower the cost of production for farmers.”