SPHAERA Global Research
Emerging markets intelligence: equity research, infrastructure analysis, and energy sector insights across Africa, Latin America, and Asia. For investors, developers, and policymakers navigating frontier markets.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 22 | Founded | a year ago | Last Issue | 2 months ago |
| Active | |||||
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sphaeraglobal.substack.comLatest Issues
The China Energy Surprise: An Emerging Market Lesson from The Iran War
TL;DR: China rallied post-Hormuz while Korea and Japan collapsed because China has 50% renewable electricity, 35% EVs, 60-70 day reserves, and five alternative supply routes—Korea and Japan have none of these. Brazil and Nigeria and also...
The Iran War Rages On: Where to Hide in Emerging Markets.
Following the outbreak of conflict between the U.S./Israel and Iran, The Strait of Hormuz has been closed for several days, restricting trade and threatening oil/LNG production in the region.
Iran has effectively blocked the passage throu...
Introducing the SPHAERA Live EM Dashboard
We have spent the past year publishing emerging markets research through SPHAERA—covering everything from Africa infrastructure to LatAm macro to frontier energy transitions. Every week, we are monitoring dozens of data points across market...
AFRICA INFRASTRUCTURE THESIS - Two Undervalued Digital & Telecom Infrastructure Companies Driving Economic Transformation
SPHAERA Global Research
Published: February 18, 2026
Sector: Telecom Infrastructure / Emerging Markets
Geographic Focus: Sub-Saharan Africa
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EXECUTIVE SUMMARY
Africa’s digital infrastructure build-out represe...
African Power Markets We're Watching and Why the Middle East is Betting Billions
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KEY TAKEAWAYS:
│ • Ghana: 300 bps WACC drop = $1.2B unlocked
│ • Zambia: 890 bps WACC drop = $2B+ unlocked
│ • Côte d'Ivoire: Stable 15% WACC = consistent
│ • Total ME inve...
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| Subscribers | Engagement | 68 | Monthly Web Visits | ||
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Authors
The writers behind this newsletter.
Emerging markets intelligence: equity research, infrastructure analysis, and energy sector insights across Emerging Markets. For investors, developers, and policymakers navigating frontier markets.
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