AfricanBIB Rating and Screening System provides ratings for businesses as well as investment opportunities. These ratings take into consideration the country specific framework and individual behavioural risk. In addition to some elements of explicit institutional “rules of the game”, African companies are rated and screened on a Socio-African Mechanism to compliment Western-screening mechanisms.
AfricanBIB’s continual monitoring and evaluation process is reflected in a codified reliability mechanism. The weighted information is used in the creation of different rating indices of individuals (traceability, credibility), organisations (traceability, credibility, reputation) and geographical locations (political risk, corruption perception, good governance ranking, economic risk). Further services include opportunity ratings and classification (for investors), investor classification (for African entrepreneurs), aggregated business rating (e.g. country, industry, and company) and business evaluation (credibility, credit check)
AfricanBIB Rating System is an undertaking that requires a step by step approach to guarantee maximum value to our investor. While information is gathered from diverse sectors in various countries, the screening and rating system is taking a step-by-step approach.
AfricanBIB to runs test pilot in 3 sectors. Once the model is successful, it is planned to roll out to other countries in the following 5 phases:
Test Pilot Stage: 3-5 countries
Phase 1: West African Countries
Phase 2: East African Countries
Phase 3: North African Countries
Phase 4: South African Countries
Phase 5: Central African Countries
Maximum of 3-5 countries, with at least one from each of the different economic regions (CEMAC, ECOWAS, SADC, UMA, IGAD) is engaged. The lessons learned from the pilot phase are implemented and knowledge a base is being built:
• Development of standard procedures and processes for expanding African BIB
• Documentation of standard procedures and processes
• Capacity building
The implementation of the processes from the definition phase are tested, modified and adapted. Processes and procedures of expansion are practiced and perfected. All results are documented as training guides and a set of best practices is published to enhance capacity building and to facilitate the large scale implementation.
Large scale implementation in multiple sectors and all sub-regional groupings.