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All Africa Partners is a fund manager focused exclusively on listed equity investments in Africa.

We partner with institutions and family offices seeking attractive long-term real returns.

Our firm is led by experienced portfolio managers and backed by several African investment veterans.

A specialist manager focused on generating long-term real returns

Our Approach
Focused on Africa

Africa is a $2.3 trillion economy, equivalent to the 8th largest in the world, and is home to many of the world’s fastest growing economies. Tech adoption and a growing middle class present outstanding investment opportunities.

Focused on Listed Equities

Africa has many dominant public companies, from mobile money and healthcare providers to education and consumer goods. The majority of these are overlooked by the global investment community, which creates attractive investment opportunities.

Concentrated Portfolio

We manage a high conviction portfolio of 10-20 dominant businesses. Our concentrated portfolio enables us to focus on the best investment ideas at any time and provides the opportunity to generate outperformance from our opportunity set.

Disciplined Process

Our investment process is systematic and repeatable. We believe that a disciplined approach to stock selection, valuation, risk management, and portfolio building is critical to generating long-term real returns in inefficient markets.

No Commodities

Commodities come with unique risks in Africa - risks that are rarely in our control or the control of the management teams. Commodities also offer little exposure to the urban growth and demographic trends that are driving African economies.

Outstanding Senior Advisers

Our firm is backed by three outstanding individuals  - Miles Morland, John Niepold and Torquil McAlpine. They are an invaluable resource, sharing knowledge, experience and networks developed over many decades of investing across Africa. 

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Colin Smith and Farouk Miah speak to Ted Seides

Our team are experienced and focused Africa investors


Colin Smith

Managing Partner & Investment Manager

Colin has over twelve years’ experience, including as co-founder of a stock market gaming company, Trade Chase, a senior investment analyst at Neptune Investment Management, and founder and portfolio manager of Kariba Group, a company focused on investing in listed equities in Southern Africa.


Prior to All Africa, Colin spent two years as a portfolio manager focused on Africa and the Gulf at Blakeney.


Colin was born and raised in Zimbabwe, is an Olympic silver medalist in rowing, and is a founding trustee of the Topolski Fund, a $20m endowment fund for rowing at Oxford University. He studied  at Oxford (MA Geography and MBA) and the College of Law.

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Sondes Youssef

Operations Manager

Sondes has ten years’ experience, including as a credit analyst at the Europe Arab Bank and two years in fund operations at Fidelity.


Prior to All Africa, she spent five years as Operations and Trading Manager at Blakeney, covering several critical functions from liquidity sourcing and trade execution to NAV reconciliations and DDQ reviews.


Sondes is Tunisian and is fluent in English, French and Arabic. She enjoys travelling and hiking and is a keen supporter of the Diar El Amal charity, which supports abandoned children. She was educated at IHEC Carthage and the London School of Business and Finance (LSBF).

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Farouk Miah, CFA

Partner & Investment Manager

Farouk has over sixteen years’ experience, including time at Lehman Brothers and Nomura, a founding member and head of equity research at NCB, and setting up and leading a $40bn regional equities strategy of a Middle East sovereign entity, where he was also a member of the investment committee for global investments.


Prior to All Africa, Farouk spent two years as a portfolio manager focused on Africa and the Gulf at Blakeney.


Farouk is of Bangladeshi origin, and a keen philanthropist, including founding a school for orphans, a maternity clinic, and having roles with two social mobility charities. He studied at Cambridge and is a CFA charterholder.

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Olajumoke Okeowo, CFA

Investment Analyst

Olajumoke has over eight years’ experience, including six years as an Equities analyst at FBNQuest Merchant Bank, a subsidiary of FBN Holdings, and as Transaction Associate at Infrastructure Credit Guarantee Company, a AAA-rated financial guarantor that unlocks infrastructure finance in Nigeria.


Prior to All Africa, she spent over a year at Amazon as a Category Manager.


Born and raised in Nigeria, Olajumoke is an active member of the Junior League London, an organisation that aims to advance women's leadership for meaningful impact. She holds a degree in Chemical Engineering, an MBA from London Business School, and is a CFA Charterholder.

Are you interested in joining our team?

We do not have any current vacancies but we are always keen to meet talented individuals with an interest in African equities. Please send your CV and a short cover note if you would like us to consider you for future roles. We strongly encourage anyone with an unconventional background or experience in other sectors to get in touch.

Please contact us if you would like to know more

Contact Us

All Africa Partners LLP

1 Castle Lane



+44 (0) 7747 618 344

Thank you for contacting us.

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