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    Agathon is a research and consultancy firm, focused on East Africa, Eastern Europe and Central Asia
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    East Africa
    We operate in East Africa with Ethiopia as our regional hub
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    Eastern Europe
    We operate in Eastern Europe through our Budapest hub
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    Central Asia
    We operate in Central Asia, with a hub in Bishkek, Kyrgyzstan
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    Policy and social issues in the extractive industries are a key focus area for us
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    Open Road
    Through our work we hope to do good, both for our clients and for the societies in which they operate

Our Services

The Upstream Perspective:



In an increasingly globalised world, where goods flow readily across borders, we offer clients the upstream perspective on commerce.


For frontier investors, and companies operating in underdeveloped markets, this can mean risk analysis – cutting through opacity and taming complexity. We offer a full range of risk analysis services, from physical risk to political and legislative uncertainty, to business intelligence and due diligence.


For investors, the upstream perspective can be about opportunity as well as risk – seeking untapped markets with impressive returns. For companies with established presence, the upstream perspective can also be about responsibility, and the imperative to ensure mutually beneficial relationships with local communities.


Increasingly, stakeholder expectations of responsibility extend to companies that source from the developing world, as well as companies that operate in the developing world. Manufacturers and other material-consuming industries worldwide are finding that they must adapt to the evolving climate in which they operate, doing their part to ensure the materials they source are produced responsibly and sustainably.


Civil society and international development organisations play a leading role in promoting supply chain responsibility, and responsible private sector engagement in the developing world more broadly. Like their private sector counterparts these organisations, too, benefit from cogent research and analysis of the upstream perspective.


Oil, Gas and Mining


The oil, gas and mining industries are a key focus area for Agathon. We consult on the environmental, social and governance (ESG) issues surrounding the extraction and processing of the raw materials that drive the global economy.


This can mean research on company-community relations for mining companies themselves, or ESG analysis for potential investors. It can mean report-writing for international development organisations such as the UNDP or USAID, on value chain inclusivity, conflict mitigation, or transparency. It can also mean advice on responsible sourcing for downstream users of raw materials – assessing ESG impacts, analysing sourcing risk and advising on prevailing standards such as the OECD Due Diligence Guidance for Responsible Supply Chains.


“In a few decades, the relationship between the environment, resources and conflict may seem almost as obvious as the connection we see today between human rights, democracy and peace.”
- Wangari Maathai


Event Management


Agathon facilitates business as well as studying it. We organise and host events such as market exploration trips, using our extensive networks and on-the-ground knowledge to ensure insightful programmes for our clients.


Our approach to event organization is characterised by personal presence and rigorous preparation. We thoroughly appraise each site and venue in advance, and we build face-to-face relationships with everyone on whom we rely to make events successful. In frontier economies, the hands-on approach is the only way to go.


As well as using our local knowledge to put together great events, we can provide our guests with on-the-spot analysis and market understanding. We accompany our clients on trips as much as possible, and we aim to make their experience enjoyable as well as insightful.


Follow this link to download Agathon International’s “customer journey” planning tool for frontier market seminars.



“Good fortune is what happens when opportunity meets with planning.”

- Thomas Edison