Analysis, not commentary
We write about what stops projects, not about what we do.
Most published material about emerging markets is promotional. It describes opportunity in aggregate, avoids the parts of the process that are difficult, and is written to be agreed with rather than used. It is of very little help to anyone actually deciding whether to commit capital.
Our notes take the opposite approach. Each one takes a single structural constraint — an approvals sequence, a land market, a port bottleneck, a regulatory route — and works through what it means in practice, including where our own view may be wrong. Where a claim would need a number we do not have, we describe the mechanism instead.
Nothing published here is advice, an offer, or an inducement to invest. It is written for people who already understand the asset class and want a candid reading of the jurisdiction.
6 published notes
Sequencing is the real constraint on Bangladeshi FDI, not capital
Most stalled projects we review were never short of money. They were short of a defensible order of operations across four separate authorities.
Utility-scale solar in the delta: the land aggregation problem
Bangladesh does not lack irradiance or offtake appetite. It lacks contiguous, unencumbered, grid-adjacent land — and that is a facilitation problem before it is an engineering one.
Port capacity beyond Chattogram: what the numbers actually imply
Container throughput growth has outrun quay capacity for most of a decade. The consequences are showing up in inland logistics costs long before they show up in port statistics.
What AI traffic management can and cannot fix in Dhaka
Adaptive signalling delivers real gains on corridors with enforceable lane discipline. Where enforcement is the binding constraint, the technology becomes a very expensive sensor network.
Unsolicited proposals under the PPP framework: a practical read
The unsolicited route is legitimate, underused, and unforgiving of poor preparation. What separates the proposals that progress is almost entirely front-loaded work.
The maintenance and overhaul gap in South Asian aviation
Fleet growth across the region has consistently outpaced regional MRO capacity. The economics of closing that gap are increasingly hard to argue with.
New material is published when there is something worth saying, not on a schedule.
Ask us the harder version of the question
If one of these notes touches a decision you are actually making, the useful conversation is the specific one. Enquiries are reviewed by the partnership and answered directly.
Make an enquiry