Tiso Blackstar Group (TBGR) is an Africa-focused, London-quoted investment company with a 10-year track record of investing in sub-Saharan Africa. The company’s key investments in South Africa provide cash flows to invest in other African markets. The managers aim to take controlling stakes in their investments and to be active shareholders, investing in companies with exposure to consumer growth in the region, which is likely to be strong. With two key investments following a transformative deal in June 2015 underpinning the growth strategy and strong cash flow available at a considerable discount, TBGR is a potentially attractive vehicle to gain exposure to economic development in sub-Saharan Africa.