Due Diligence

Due Diligence

Due diligence implies “being alert and careful, taking all reasonable measures to avoid unplanned risk exposure”. Clients who normally wish to access this service are potential (foreign) investors wishing to invest in entities advertised for divestiture. Such investors would be normally being availed with a prospectus comprising data on the opportunities on offer, but a prudent investor would wish to cross check this information to ascertain its accuracy and reliability before making his irrevocable bid. He would also need to have such other additional information as might be deemed relevant (e.g. various legislation) but which may not have been included in the advertise firm’s prospectus. Proper-consult has expertise to handle such highly exacting assignment.
Although our base is in Tanzania, our staff have also undertaken professional assignment in Uganda, Kenya, Namibia and Rwanda. In terms of sectoral coverage, our clients are in all sectors, including the following; infrastructure and utilities; transport; tourisms; and leisure; agriculture; industry and trade; and financial institutions. In that regard we have been retained by major banks as their official advisers on matter relating to collateral security. Government ministries and local government / municipal authorities have also accessed our consultancy services as have parastatal organizations and over a thousand individuals.