Introduction

How we work

African Business Information Bank network with a range of national and multinational companies as well as start-up entrepreneurs by:

Providing incubation and business acceleration services to start ups and existing companies.
Promoting the “formalization” of the informal sector
Providing credible, independent, accurate and actionable information and investment opportunities in Africa
Empower African SMMEs to understand, prepare and present relevant information in ways that are transparent to both Africans and international investors
Building an operational exchange platform for B2I(I-investor); NGO to NGO and B2B
Promoting African Diaspora’s investment in Africa and initiatives for Africa’s Development Providing investment funds for credible business
Providing investment Fund for credible business
Promoting the “formalization” of the informal sector

Our mission

To continuously develop innovative mechanisms that promote responsible investment in Africa as well as unleashing the entrepreneurial and creative potentials of African businesses. We also seek to transform investors “uncertainty perception” into manageable “risk measurement” that would enable investors to reduce the transaction costs of doing business with Africa through an African specific integrated screening mechanism for building a credible and trustworthy investment climate by :

Providing independent, credible, accurate, timely and actionable information on African countries investment opportunities to potential investors and partners
Empowering African SMMEs to understand, prepare and present relevant business information in ways that are transparent to both African and foreign partners/investors
Promoting the entrepreneurial spirit among emerging Africans as well as extensively building capacity
Building an operational exchange platform B2I (I-Investor), NGO to NGO and B2B
Promoting African Diasporas Investment and Initiative for Africa’s Development
Providing Investment Fund for credible business
Promoting the “formalization” of the informal sector

Our values

We believe in :

The power of skill development and capacity building.
The value of working in partnership with organizations that share our vision.
Leadership, teamwork, innovation, reliability, trust, humility, reliability need, client focus, social responsibility.
The right of access to credible information for all.

Our partners

If we want to go fast, we go alone- if we want to go far, we go together, An African proverb saying. African Business Information Bank is a hub with the same vision ‘Unleashing the innovative potential of Africa’ through partnerships which is the key to developing sustainable projects. We aim to be partnered in our projects and development programs. Our business is undertaken by both our partners and AfricanBIB staffs. This enables us to continuously improve the way we work and to measure our objectives effectively

Our objective

Our objective is to provide numerous advantages and opportunities to African businesses, foreign investors, African governments and African Diasporas. Also, by establishing an evaluation criterion that businesses can use as a benchmark for themselves as well as incrementally build social capital and trust mechanisms that are required to foster entrepreneurial spirits, joint ventures and growth.

Our customers

AfricanBIB provides numerous advantages and opportunities to African businesses, foreign investors, African governments and African Diasporas. In addition, it has established an evaluation criteria that businesses can use as a benchmark for themselves as well as incrementally build social capital and trust mechanisms that are required to foster entrepreneurial spirit, joint ventures and growth. Our clients base are:

Foreign Investors/ Investment Banks
African Entrepreneurs/ Business/SMEs
African Governments
International/National NGOs
African Diaspora
African Community
Research institutions

Origin

The Company

The AfricanBIB project originated from a personal challenge to the founder to create an efficient mechanism to assist the African continent to increase its share of the international trade and become an authentic and genuine player in the age of globalization.

It is also an attempt to transfer the basic principle of commercial banking to create a new type of banking sector, the “information Banking” that provides interest return in the form of credible information, that measures by means of evaluating partners in Africa, especially where the “rule of law” is not functioning efficiently.

Moreover, it is based on the founder personal conviction that development and prosperity for the millions of Africans at the base of the economic pyramid (BOP) and beyond will only be attained by fostering free enterprises, entrepreneurial spirits, as well as investing in finding African solutions (products) for African problems, contrary to meagerly misdirected international development aid and the philanthropy approach of the past decade. According to the founders, development assistances should only be an emergency package and not a strategy for sustainable development.

The founder

After his university studies in Germany, the founder was eager to apply his skills in his home country. There he was confronted with the fact that he could not get a job without being prepared to pay bribes or follow a particular political agenda. Even when he tried to come out with a well-designed business concept that would contribute to solving some of the problems and confronts the local communities, he was faced with the difficulty to get financial institutions and banks in his country on board, since they would lend money to government Institutions or large corporations only.

While discussing the challenges he faced back home with some African Diaspora and Investors in Europe the US, to mention two countries, he found out that they also suffer from the similar problems and in addition to this could not find reliable and credible information on investment opportunities in the African continent where they could base their investment decisions on.

Since then he took up the challenge and developed a mechanism that would inspire international investors to see Africa as a continent of possibilities and as destination for investments. AfricanBIB is the mechanism that can provide Africans with genuine ideas, business venture and projects to meet with potential investors, as well as to encourage the Africans to trade within the continent. In what Bill Gates calls & quote “creative capitalism “ . AfricanBIB is an incentive to compatible institutional mechanisms that instills trust, reputation and fosters the entrepreneurial spirit in Africa.