Pharmaceuticals in frontier markets: Part 1 – Iran

October 6, 2020

Whilst the Covid-19 pandemic has focused the world’s attention on the race to develop a vaccine, global pharmaceutical manufacturers have quietly been making plans to expand into the kind of frontier markets in the Middle East & Africa that many mainstream investors would steer well clear of. In part these initiatives are being driven by […]

DILIGENCIA REACHES THE FINALS OF THE PRESTIGIOUS LLOYDS BANK NATIONAL BUSINESS AWARDS

August 14, 2020

Visit www.nationalbusinessawards.co.uk for the full shortlist  Diligencia, a specialist information provider, focused on company data within the Middle East and Africa, has been shortlisted for the Data Excellence Award at the prestigious 2020 Lloyds Bank National Business Awards. Previous winners include fitness sensation Joe Wicks, Timpson CEO James Timpson OBE, DPD UK, Hotel Chocolat, dementia newspaper Daily Sparkle and online fast fashion success story Missguided.  Nouri […]

Ultimate beneficial ownership in the UAE

May 4, 2020

The Financial Action Task Force (FATF) has just published its assessment of the UAE’s efforts to implement anti-money laundering and counter terrorism financing measures (AML/CTF). One of the 11 key areas rated in their report was the identification of Ultimate Beneficial Ownership (UBO) information. FATF identified transparency around UBOs as a major concern and rated […]

The IT Market – Saudi Arabia

March 2, 2020

The IT market in Saudi Arabia is expected to reach SAR 48 billion by 2021, driven by initiatives focusing on SMEs, citizen services e-commerce security and smart cities. The government continues to inject significant investments into technology to promote the digital transformation initiatives of the National Transformation Program in support of the Kingdom’s Vision 2030. […]

Identity crisis? LEIs and their role in promoting clarity and compliance

February 4, 2020

The first step in any transaction or compliance process is to identify the entity that is your counterparty. Relying on entity names alone is too ambiguous, particularly when you consider the variables that are generated by similar names, transliterations and simple human error. Similarly, while most company registries have a unique company registration number, each […]

BIG BUSINESS IN UGANDA

January 20, 2020

In 1908, Winston Churchill called Uganda “the pearl of Africa” in his book ‘My African Journey’, after visiting the country in 1907. Located in central-east Africa on the shores of Lake Victoria, Uganda is blessed with abundant resources, incredible biodiversity and varied geography spanning from snow-capped mountains to tropical rainforest. The African Development Bank (AFDB) […]

SAYARI LABS AND DILIGENCIA ANNOUNCE STRATEGIC PARTNERSHIP

December 2, 2019

Sayari Labs – the leading provider of beneficial ownership and financial intelligence in emerging, frontier, and offshore jurisdictions – has recently partnered with Diligencia Group, a specialist information provider, focused on company data within the Middle East and Africa (MEA). Financial institutions, multinational corporations, and providers of risk mitigation services are facing unprecedented pressure as […]

BOTSWANA’S RICH AND POWERFUL

November 25, 2019

The Kalahari Desert, a large semi-arid savannah, covers 70% of Botswana. It is, therefore, no surprise that water is such a valued commodity. In fact, Botswana’s currency is called the Pula which translates to rain in Setswana. Having enjoyed sub-Saharan Africa’s fastest economic growth for much of the last century, this landlocked country has positioned […]

Technology-driven growth takes centre stage in the GCC

November 11, 2019

Digital technologies are disrupting economies globally and the GCC is no exception. According to Mergermarket, there were approximately 40 technology-related M&A transactions in the region between 2015 and 2017, focused on software, internet, telecoms and online commerce. Here we look at 3 Gulf countries and how they compare in their approach to embracing advances in […]

WHO’S WHO IN NIGERIA

October 29, 2019

Each year Forbes ranks the world based on its wealthiest people. In this blog, we take a closer look at the most prosperous people in Nigeria and their business connections. #1: Aliko Dangote, 61 Dangote Industries Ltd (Dangote Group) chairman, Aliko Dangote, has retained his position as the richest man in Nigeria, despite losing almost […]

In the spotlight: Mubadala and its interests in North Africa

October 21, 2019

Abu Dhabi-based global investment firm, Mubadala Investment Company, is one of the largest sovereign wealth funds and invests in more than 50 countries. With assets under management of over US$225bn, Mubadala is a shareholder in many petrochemical companies including Cepsa, OMV, Cosmo Oil, PAK Arab Refining (Parco), Nova Chemicals, Borealis, Oil Search, Dolphin Energy and […]

Running red hot – the global shisha tobacco market

October 1, 2019

While the global tobacco industry is facing the combined challenges of stricter regulations, new entrants from technologies such as vaping, and rapidly changing consumer behaviour, there is one market segment that is experiencing significant growth: shisha. Also known as hookah, argila and narghile, waterpipe smoking is a market expected to be worth over US$25bn by […]

MINING IN THE UAE – A CLEAR OPPORTUNITY

September 17, 2019

Anyone who has lived or worked in the UAE will know how much of what is consumed inside the country is imported.  You might also be surprised to know, in a country that consists largely of desert, that the UAE’s imports also include thousands of tonnes of sand each year from Saudi Arabia to manufacture […]

The very model of a modern Arab diplomat: Prince Khaled bin Bandar bin Sultan

July 2, 2019

If French is the traditional language of diplomacy, it seems appropriate that Prince Khaled was born in Paris and, we understand, proudly retains his links to the French state. Indeed you might be forgiven for thinking that his appointment as the Kingdom of Saudi Arabia’s eighth ambassador to the United Kingdom in April this year, […]

Sheikh Khalid closes in on Newcastle United

May 30, 2019

The Abu Dhabi ruling family may be set to continue its love affair with the English Premier League, as reports suggest that Sheikh Khalid bin Zayed Al Nahyan is in talks to acquire club side Newcastle United. Although the deal is not yet finalised, supporters and rivals are speculating on what this means for the club and […]

Home grown in the desert: agri-tech companies in the UAE and Saudi Arabia

May 7, 2019

The dry, sun-drenched deserts of the United Arab Emirates and Saudi Arabia are not the obvious place to think of cultivating crops, yet restaurants and supermarkets in the region are increasingly stocking fruits and vegetables that have been grown locally – how is this even possible? Local food production is rapidly rising up the political […]

ClarifiedBy….Data Quality

March 20, 2019

Whether or not you believe The Economist’s now familiar assertion that data is more valuable than oil, there is widespread acceptance that data is a highly valuable resource, particularly for businesses.  Data has become a key driver for business decision-making at the strategic, operational and tactical levels. However, it is refreshing that even since publication […]

MTN – More than a corruption and bribery accusation

March 6, 2019

Business and politics are seldom unconnected in emerging markets, particularly in strategic infrastructure sectors such as telecoms. So when relations between nation states ebb and flow, the fate of those countries’ commercial players often rise and fall in tandem. On Friday 15 February 2019 the South African Hawks (Directorate for Priority Crime Investigation) announced the […]

Clarity in Africa – Country in Focus: Mozambique

March 6, 2019

Since we turned our methodology and resources to also cover Sub-Saharan Africa, we’ve been receiving an influx of bespoke requests*, views** and updates***. Mozambique is one of higher performers in terms of demand, reflecting the levels of interest and sheer potential this country has to offer; namely its high ranking energy reserves and untapped tourism […]

The Case for Clarity – the importance of verified company information

February 7, 2019

Those of you investing in the emerging markets of Africa or the Middle East will likely be looking for clarity on some of the mechanisms and levers for growing your commercial interests in these regions– one of which is information on companies you are looking to engage with (suppliers, partners, clients, co-investors), and, by default, […]