A New Dawn replete with new-age opportunities
When African Leaders came together to sign the African Continental Free Trade Area (AfCFTA) agreement in Kigali in 2018, the entire continent was engulfed in doubt and trepidation that probably this would turn out to be a white elephants concocted by the political class.
However, it is now clear to all and sundry that the AfCFTA is transformative initiative that will irreversibly change the fortunes of the continent.
It is envisaged that the AfCFTA will be the largest free trade area in the world connecting 1.3 billion people across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion. This will create a single, continent-wide market for goods and services, business and investment and would re-shape African economies for good.
This presents an immense opportunity to discerning businesses across the continent. Since opportunity only shines its light to those who are prepared, Africa Risk Management Advisors (ARMA) has been set up to take advantage of the emerging opportunities. ARMA will collaborate with like-minded advisors and consultants across the continent with a view to providing leadership on topical challenges the continent faces.
If you are an African-based advisory/consulting firm looking to collaborate with ARMA, please Contact us
Some of the benefits of collaborating with ARMA are:-
- Strategic Partnerships:
Collaborating among peers provides an opportunity for business growth, sharing of the burden of larger projects, or supplement skillset when a firm needs a specific expertise. This benefits clients but also ensures delivery on assignments that wouldn’t be possible otherwise.
- Opportunity for Growth:
Collaboration provides a sounding board for sharing of best practice where some of the collaborating professionals have prior experience. Provision of an independent ‘outsider view’ of a situation also brings perspective and avoids unnecessary pitfalls in a consulting engagement.
- Operate a nimble business:
Like most enterprises, Covid-19 has forced consulting firms to re-think their business models. The future seems to support lean digital natives with specializations over large all-service firms. This provides opportunity for collaboration for mutual benefits between firms with different specializations.
- One referral Network:
The unpredictability of consulting work may result in more work that one can take on. Collaborating partners come in handy to lighten the load. Alternatively, cross-referrals can also come in handy based on specializations