YAOUNDE – CAMEROON — GRS will establish offices in Dakar serving Senegal, in Abidjan serving Francophone West Africa, and in Accra serving Anglophone West Africa, including Ghana and Nigeria. Offices in Malabo will serve Central Africa, including countries like Cameroon, Gabon, Chad, Democratic Republic of Congo and Congo, while offices in Johannesburg, South Africa will cover Eastern and Southern Africa. Likewise, offices in Casablanca, Morocco will attend to North Africa and China will be served by GRS’s Beijing office.
As a point of emphasis, Global Rating Services is a Wall Street based independent rating agency founded in 2008 and registered in the state of New York, USA.
GRS services are intended for:
– International Investors (Pension Funds, Private Equity Firms, “Angel investors”, Accredited Investors; Public and private).
– African entities (States, local governments, municipalities, public or private companies) seeking for investments.
Recently, GRS released the first ever ranking of the perception of attractiveness and investment risk for 48 of the 54 countries of the African continent. This 2013 classification based on 2012 Data reveals the top 10 countries benefiting from a perception of low risk as Mauritius, Morocco, Namibia, South Africa, Algeria, Ghana, Botswana, Equatorial Guinea, and Nigeria. Countries perceived as high risk are such as Somalia, Mali, Central African Republic, Democratic Republic of the Congo, Cape Verde, Burundi, Zimbabwe, Bissau Guinea and Gambia.
As cited by GRS, the index of attractiveness for countries benefiting from the perception of being the most attractive are South Africa, Nigeria, Equatorial Guinea, Morocco, Ghana, Tunisia and Algeria, whereas, others such as Guinea, Mali, Central African Republic and Somalia are viewed as less attractive.
Celestin Bedzigui, President and CEO of GRS, noted that “the perception of attractiveness and investment risk is determined by combining a pre-analytic view of each country’s economic and political system, as well as its governance practices and political leadership image.” This perception, he continued, “is influenced by the natural resources endowment and the ‘’ Doing Business’’ atmosphere. GRS’s index is of vital importance, in that; it can be used to measure the potential success or failure of desired investment initiatives, as well as efforts made by leaders to attract foreign investors”.