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Country<br />
Mauritius<br />
Morocco 16<br />
Nigeria<br />
IMF<br />
OFC<br />
(2008)<br />
Included<br />
N/A<br />
N/A<br />
Global Forum<br />
/ OECD Status<br />
(2004)<br />
Largely<br />
Compliant<br />
To be reviewed<br />
H1 2015<br />
Awaiting Phase<br />
2 assessment<br />
after clearing<br />
Phase 1<br />
Secrecy<br />
Score<br />
TJN FSI 2013 GFCI 16 (Sept. ‘14)<br />
Global<br />
Scale<br />
Weight<br />
TJN FSI<br />
Score<br />
Score Rank Status<br />
80 0.047 397.9 69 608<br />
N/A N/A N/A 51 635<br />
Local<br />
Specialist<br />
Transnational<br />
Specialist<br />
N/A N/A N/A N/A N/A N/A<br />
Seychelles Included Non-Compliant 85 0.011 293.5 N/A N/A N/A<br />
South Africa 17 N/A Compliant 53 0.260 209.8 38 659<br />
Established<br />
Player<br />
Comments<br />
– The sole Offshore Financial Centre<br />
in Africa according to the GFCI, which<br />
deems it a ‘Local Specialist.’<br />
– Mauritius has the highest TJN FSI<br />
score.<br />
– The country is one <strong>of</strong> the four African<br />
countries to go through both Phase 1<br />
and 2 <strong>of</strong> the OECD Global Forum EOI<br />
exercise. Consequently rated ‘Largely<br />
Compliant’ with international standards.<br />
– Morocco is due to go through the<br />
OECD Global Forum EOI exercise. It is<br />
scheduled to be reviewed H1 2015.<br />
– Casablanca is one <strong>of</strong> only three cities<br />
in Africa to be listed and rated in the<br />
GFCI. Moreover, the city has been<br />
deemed a ‘Transnational Specialist.’<br />
– Nigeria has been cleared to undergo<br />
Phase 2 <strong>of</strong> the OECD Global Forum<br />
EOI exercise after passing the 1 st<br />
phase. The jurisdiction has almost<br />
all EOI requirements in place.<br />
– The country has the most secretive<br />
environment <strong>of</strong> the sample.<br />
– After going through the two Phases<br />
<strong>of</strong> the OECD Global Forum EOI<br />
exercise, the country was rated ‘Non-<br />
Compliant’ with international standards.<br />
– Country has the least secretive<br />
environment <strong>of</strong> the sample.<br />
– South Africa is the only African<br />
country to be ‘Compliant’ with<br />
international standards as per the<br />
OECD Global Forum EOI exercise.<br />
– Johannesburg is one <strong>of</strong> the two cities<br />
in Africa to be listed and rated in the<br />
GFCI. Moreover, the city has been<br />
deemed a ‘Established Player.’<br />
16<br />
For the GFCI, Casablanca is rated.<br />
17<br />
For the GFCI, Johannesburg is rated.<br />
<strong>Conduits</strong> <strong>of</strong> <strong>Capital</strong> – Onshore Financial Centres and Their Relevance to African Private Equity<br />
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