The Emerging Business Intelligence and Innovation Compliance is set to host a forum that will connect investors with various regulatory agencies in Africa in a bid to demystify the perception of some Western businesses that Africa is a high-risk area for investments.
The forum, slated for May this year, will be hosted in Ghana.
It will, among other things, discuss the causes of these perceptions; and how stakeholders could arrive at a consensus while identifying the Know Your Client demands of African regulatory institutions, and how investors from the West could adjust the framework of their investment decisions.
The Founder and CEO of Emerging Business Intelligence and Innovation Compliance, Adjoa Adjei-Twum, tells Citi Business News the forum will increase investments into Ghana and Africa when all parties are clear with the specific demands of each region.
“It is important that we ourselves as Africans gain an understanding of why we are perceived as high risk by investors from other parts of the world. Because a lot of the time that perception leads to very unfair terms that are to the detriment of businesses as well as people on the continent.”
“So, the questions to ask are how do we ensure we have the right controls and processes in place, and also how do we make sure the businesses are aware of what they are required to do, just so we can ensure that it is a level playing field” she added.
EBII Compliance works directly with Investors based in the West and small to medium-sized enterprises based in Sub-Saharan Africa, to bridge the negative investment gap. It provides the tools and platform to educate and successfully link compliant companies with Investors; ultimately rewriting past bad practices.
