Creditinfo Group, a global provider of credit information and risk management solutions, has acquired two credit bureaus in Uganda and Namibia.
Creditinfo has taken over all staff from the credit bureaus that were formerly owned by Experian as part of the transaction. Creditinfo will combine its significant local expertise with its own extensive experience in delivering private credit solutions to African and European nations in order to assist millions in gaining access to finance.
Creditinfo has a unique blend of market information that it will use to supplement the work of Namibia’s strong management teams.
as well as Uganda. Its expertise working with more traditional lending markets in Europe, along with understanding of diverse trends in lending markets in Sub-Saharan Africa, such as drive-in mobile wallet use in Kenya, would assist Namibia’s and Uganda’s credit bureaus grow.
Creditinfo will supply world-leading credit bureau solutions by combining this experience with its superior software and analytics products.
Two bureaus promote regional access to finance for individuals, SMEs, and corporations, regardless of their social and economic demands.
“We are committed to sustainably growing our business and identifying ideal opportunities to add strong and profitable credit bureaus to the Creditinfo Group, while helping more local citizens and businesses access finance,” stated Paul Randall, CEO of Creditinfo. In this regard, Uganda and Namibia are great partners for us, and all of our new workers are a credit to the Creditinfo brand. As Africa’s premier credit bureau supplier, we enthusiastically anticipate collaborating to give the best service possible in each country.”
“We are delighted to join the Creditinfo Group,” stated Uganda Country Manager Mark Charles Mwanje. We feel that their years of experience and knowledge will be a valuable addition to our current team of dedicated and skilled professionals. We are excited to work together to benefit the local people and our rising economy.”
“Working with Creditinfo allows us to tap into new opportunities for further growth,” stated Karin Jansen van Vuuren, Country Manager of Namibia.
The company’s extensive experience will be invaluable in assisting banks and other lenders in extending credit, while ensuring that we remain a private credit bureau run by locals for locals, with all of their best interests at heart.”