Enhanced due diligence on a publicly listed company and one of its directors in East Africa

The challenge:

One of Africa’s largest law firms needed information on a public limited company located in Tanzania and one of its high-profile directors. Diligencia was asked to assist with their company research and provide information on the director, including his career history, reputation, and political connections.

The solution:

Diligencia specialises in providing reliable and authentic information for organisations and individuals in the Middle East and Africa, often areas where it is traditionally difficult to obtain legal entity data. Using our award-winning online platform ClarifiedBy.com, the client was able to identify and compile a full list of the company’s owners and its seven directors, verify its registration address and number and that it was a public limited company and had been established in 1993. The client then went on to access the individual’s shareholding interests and directorships, also information available on ClarifiedBy.com.

Meanwhile, Diligencia’s team of analysts conducted additional due diligence on both the company and the individual, including media research, global compliance checks and local source enquiries.

The result:

Diligencia’s research found the director to be a well-respected businessman with diverse business interests in telecommunications, mining and media to name a few. He has close relationships with ministers and other politicians and was a former politician himself. We also found allegations of a corruption scandal he may have been involved in, although was never prosecuted for.

Our client was pleased with the clarity Diligencia provided – both via ClarifiedBy.com and through our bespoke research – and were well informed on both the company and director to help with their internal decision making.