Terms of use

These terms govern your use of kilwa.io and the research published on it. By using this site you agree to them. Access to the Kilwa Intelligence Platform is governed by a separate written subscription agreement, and where that agreement conflicts with these terms, it controls.

Nature of the service

Kilwa publishes general and impersonal market research. It does not provide investment advice, and it does not act as an investment adviser, broker, dealer or fiduciary to any reader or subscriber.

Nothing published by Kilwa is tailored to the individual circumstances, holdings, objectives or risk tolerance of any person. Kilwa does not know your portfolio, does not take it as an input, and does not produce output shaped by it. No content on this site or on the platform should be read as a recommendation to you, or as advice that any security, instrument, market or transaction is suitable for you.

Kilwa does not offer portfolio review, one-to-one investment consultation, or bespoke analysis as part of any subscription.

How Kilwa research is published

• Research is published on a regular, stated schedule — flagship reports and quarterly briefs on a published calendar, and score updates on a fixed cadence.
• Every subscriber within a tier receives the same content. Tiers differ in access, seats and integration depth. They do not differ in the numbers.
• Scores are computed by applying a published, stable methodology uniformly across every market covered. They are not adjusted for any individual subscriber.
• Kilwa's methodology, its inputs and their provenance flags, and its robustness testing are published with each flagship report. See Data & methodology.

Research is not advice

Kilwa also provides advisory and managed intelligence services under separate written engagements. Those services are market, policy and country intelligence and decision support. They do not include advice on the value of, or the advisability of investing in, any security, fund or company, and Kilwa Technologies LLC is not a registered investment adviser, broker-dealer, credit rating agency or law firm.

Kilwa research is analysis, not investment, legal, tax or accounting advice. It is not an offer or solicitation to buy or sell any security or instrument, and it does not take account of your particular objectives, financial situation or needs. Obtain your own professional advice before acting on anything published here. Any decision you make remains yours alone.

The nature of our scores

Scores published by Kilwa — including the Investment Suitability Index (ISI), the Market Entry Timing Index (METI) and the risk scores in our flagship reports — are structured risk rankings, not validated predictive models, except where we explicitly state otherwise and publish the validation.

A METI posture of OPTIMAL, WATCH or AVOID is a property of the market under a published methodology. It is not a recommendation to you, and it is not a statement that any transaction is suitable for you. Inputs are flagged as verified or estimate; estimates are not measurements. Past behaviour of any signal is not a guarantee of future results, and no forecast, window or score should be relied upon as a prediction of any outcome.

Forward-looking statements

Kilwa research contains forward-looking analysis, including scenario modelling and loss estimates. These rest on stated assumptions that may prove wrong, and each report identifies the conditions that would change its conclusion. Forward-looking statements speak only as of the date of publication, and Kilwa undertakes no obligation to update them.

Intellectual property

The content of this site, including reports, scores, methodology, text, graphics and the Kilwa marks, is owned by Kilwa Technologies or its licensors. You may read our research, link to it, and quote limited extracts with attribution to Kilwa Technologies. You may not republish reports in whole or in substantial part, redistribute them commercially, remove attribution, use them to train a machine-learning model, or use them to construct a competing index, score or product, without our written permission.

Certain data underlying our research is licensed from third parties and may not be extracted or redistributed separately from the analysis in which it appears.

Acceptable use

• Do not attempt to gain unauthorised access to the site, the platform or related systems.
• Do not scrape, harvest or bulk-download content except as expressly permitted in writing.
• Do not share subscription credentials outside the seats licensed to your organisation.
• Do not use the site in any way that is unlawful or that interferes with others' use of it.

No warranty

The site and its content are provided “as is” and “as available”. To the fullest extent permitted by law, Kilwa disclaims all warranties, express or implied, including any warranty of merchantability, fitness for a particular purpose, accuracy, completeness or non-infringement. Kilwa does not warrant that the site will be uninterrupted or error-free, or that any score, forecast or estimate is accurate.

Limitation of liability

To the fullest extent permitted by law, Kilwa will not be liable for any indirect, incidental, special, consequential, exemplary or punitive damages, or for any lost profits, lost data, or investment losses, arising from your use of the site or reliance on its content, whether in contract, tort or otherwise, and regardless of whether Kilwa was advised of the possibility of such damages.

Third-party links

This site links to third-party sites we do not control. We are not responsible for their content, practices or availability, and a link is not an endorsement.

Governing law

These terms are governed by the laws of the State of Illinois, without regard to its conflict-of-laws rules, and the state and federal courts located in Cook County, Illinois will have exclusive jurisdiction over any dispute arising from them.

Changes

We may update these terms. The date above reflects the most recent revision, and continued use of the site constitutes acceptance of the current version.

Contact

Questions about these terms: info@kilwa.io. Questions about methodology: research@kilwa.io.