Seven out of the 10 partners of consulting firm Dalberg across Africa and the Middle East are now trading as Axum, an Afrocentric impact firm seeking to diversify its mandate.
Dalberg works with companies, foundations, development institutions, and governments to develop innovative strategies for providing high quality, appropriate financial services to underserved individuals, communities and businesses.
The new firm will serve and collaborate with African and Middle East leaders, institutions and global allies, to address current pressing challenges.
"This is at the intersection of socioeconomic development, climate change and technological innovation," the firm says in a statement.
It further says it seeks to bring more than 100 years of experience establishing, building and running successful advisory organisations across the world, including serving clients across more than 50 countries in Africa and the Middle East.
Edwin Macharia, a managing partner at Axum, said the best way for their work to have a positive impact is to put African and Arab people, leaders, and institutions at the centre of project design, decision making and delivery.
“Axum will not seek to impose ‘one-size-fits all’ practices onto African and Middle Eastern projects. Our role is to help organisations and leaders envision a bold future, build movements and bring visions to life," he said.
Macharia said they are confident of their collective next steps, which will see them deliver more for the communities and stakeholders they work alongside.
"This while providing a better platform for everyone at Axum to develop professionally and do the best possible work. We also know that there will be opportunities for Axum and Dalberg to work together in the future.”
