Home / Knowledge / News / Textiles / Corruption highest in sub-Saharan region, finds global index
Corruption highest in sub-Saharan region, finds global index
01
Jul '15
Courtesy: Verisk Maplecroft
Courtesy: Verisk Maplecroft
Verisk Maplecroft’s annual Corruption Risk Index (CRI), reveals that Asia’s two primary economies, China (ranked 76th) and India (70th), pose a ‘high’ and ‘extreme risk’ to investors respectively. This is despite Beijing’s clampdown on corruption and New Delhi’s establishment of a national anti-corruption ombudsman.

Verisk Maplecroft is a leading global risk analytics, research and strategic forecasting company and offers a portfolio of risk solutions.

Following the FIFA scandal, corruption is now at the forefront of public consciousness, leaving the business practices of large organisations and companies under ever increasing scrutiny around the world. But where is the risk of corruption highest? Verisk Maplecroft has scored and ranked 198 economies on the prevalence of bribery and the effectiveness of official efforts to combat it to reveal the best and worst performing countries.

With 45 per cent, or 33, of the 73 countries rated ‘extreme risk’ in the annual CRI, Sub-Saharan Africa is identified as the region posing the highest risk to business. Its rapidly growing population and natural resource wealth have increased investment opportunities for business. The downside to this is that companies entering the region’s markets are especially prone to demands of bribery. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search