There is a very serious problem of verifying people, businesses as well as institutions in Africa.
This is backed by the fact that no standard uniform address system is prevalent in the region that is supported by its local institutions.
Businesses and Investors struggle with fulfilling KYC requirements, which differ country to country, institution to institution, as well as with regulators.
The evolving world of investment and changing dynamics in Africa means it’s the most sought after for opportunities, but lack of confidence and trust in identifying or reviewing partners/potential partners is killing the many opportunities that exists.