Independent research on Frontier Emerging Markets

EFC is an independent equity research house specialising in emerging and frontier markets, offering unbiased, innovative research, deep local expertise, comprehensive market coverage, sector-specific insights, and customised corporate access services.

What We Do

Independent Insights, Global Reach


EFC specialises in emerging and frontier markets, leveraging nearly 20 years of industry experience.

Independent Equity Research


Local Expertise

Emphasises “boots on the ground” for deep market understanding, with a team spread across frontier markets and MENA.


Conflict-Free Research

Provides innovative, unbiased research without brokerage or investment banking conflicts.


Covers 12 markets with a target of 150 stocks, maintaining extensive databases with over 10 years of data.

Comprehensive Coverage


Sector Focus

Specialises in Consumer, Energy, Financials, Industrials, Pharma, Telco, and Utilities sectors, along with macro strategy research.


Corporate Access

Offers customised corporate access services, including roadshows and company visits, leveraging strong corporate relationships.

Your Gateway to Emerging Markets

Our comprehensive service offering caters to a diverse clientele, ranging from long-only fund managers to hedge funds and family offices.

EFC Research Portal

→ Direct access to our team of analysts
→ Independent, insightful and informed research