Creditinfo Group, the service supplier for credit score info and danger administration options, has introduced plans to open Angola’s first licenced credit score bureau, with Bureau Central Privada de Informação de Crédito SA (Bureau). This long-term strategic partnership represents a vote of confidence and main funding into Angola’s buoyant economic system, unlocking entry to credit score for thousands and thousands of micro-to-medium sized companies and residents – lots of whom are presently unbanked.
To ship a non-public credit score bureau answer, Creditinfo will mix Bureau‘s native information with its personal intensive expertise delivering personal credit score bureau options in creating markets – together with throughout Sub-Saharan Africa. The undertaking’s preliminary remit will embody Creditinfo’s hottest services, together with CBS. Based mostly on market urge for food, additional value-added merchandise will probably be launched.
Samúel White, regional director at Creditinfo mentioned: “Accessing credit score has lengthy been a problem throughout Sub-Saharan Africa. By opening Angola’s first personal credit score bureau, we’ll allow banks and different lenders to increase credit score to residents and companies, serving to to construct and develop its already thriving economic system. Supporting the unbanked to entry finance requires a selected set of experiences and insights which Creditinfo has honed over many years of working throughout the area. We’re proud to be a frontrunner on this house and may’t wait to open for one more dynamic market along with our strategic companions.”
Cristiano Monnerat, director at Bureau Central Privada de Informação de Crédito S.A. added: “Boasting vital untapped alternatives for wealth creation and a younger, dynamic inhabitants, Angola represents a pretty funding for us. As such, we’re excited to have the ability to draw on Creditinfo’s international experience to construct a non-public credit score bureau that’s run by native individuals, for native individuals. All in all, this marks a serious step ahead for Angola’s rising economic system.”
Francis Bignell