What are the current barriers to attracting businesses in Africa and how does Órama Corporate help mitigate them?

Africa is home to some of the fastest-growing economies in the world. Considering the increasing affluence, population growth, and rapid internet spread on the continent, Africa’s burgeoning economies present exciting opportunities for expansion in a range of sectors. However, the African business landscape comes with its unique challenges. Despite the unimaginable growth potential, there are risks of doing business in Africa, ranging from tough government policies to difficult regulatory landscapes where it can be challenging to start a business, enforce contracts, and protect investors. These obstacles make it difficult for businesses to build consistent long-term plans, which inherently increases the cost of doing business in Africa. Bank loans often come with high-interest rates due to the perceived risks of doing business in Africa and investors are not  encouraged by international rating agencies, which often downgrade African economies. Órama Corporate Services, a management company licensed by the FSC in Mauritius, promotes using Mauritius as a springboard for doing business in Africa as a key strategy for the investor community. Mauritius overcomes many of the above listed challenges most African countries face, as evidenced by the many accolades the country has received—it is ranked number one in Africa on ease of doing business, number one in Africa meeting all the Financial Action Task Force (FATF) recommendations, and number one in Africa on human development index in 2021, among others. Mauritius supports other African countries in  accessing the necessary capital to finance investment by reducing both the risks and costs associated with cross-border dealings and offers excellent protection for foreign business owners. Mauritius undoubtedly has a robust financial regulatory system, courtesy of the financial service commission and a strong banking sector and infrastructure, all of which have projected Mauritius as an environment conducive to business transactions of any scale. Mauritius also benefits from a stable democracy, highly skilled work force, and strong legal, judicial, regulatory, and political frameworks that enable foreign investments otherwise avoided due to concerns about stability, corruption, and currency controls in developing countries. From well-established corporations to new startups, Órama assists a wide range of companies in navigating Mauritius’ business and legal environment, while also providing tailored asset and portfolio management services, among others.

Read full interview on: Rising Woman Magazine