For many small businesses, the lack of somebody they trust on the ground is one of the key constraints in trading internationally. The Society will provide a solution to its Members, offering a representative agent service in an increasing number of key African cities working for its subsidiary Businesses. The service will be offered immediately in Nairobi, Kenya, with the intention to extend this to Accra, Ghana, Lagos, Nigeria and Pointe Noire, Congo Brazzaville before the end of the year. Members will pay a representation fee to the Society at the following rates on the absolute value of all trade represented on behalf of the Member in any one year:
- 5% – on the first £10,000;
- 4% – on the next £10,000;
- 3% – on the next £10,000;
- 2% – on the next £10,000; and
- 1% on any amount over £40,000.