25th Annual Meeting of “the Club” for Banks and Credit Institutions from Africa

Several leaders of banks and credit institutions from Africa met in Abidjan, Ivory Coast on 6th & 7th February 2014 for the Annual Meeting of the Club des Dirigeants des Banques et Institutions de Crédit d’Afrique (the Club).  The meeting marked the 25th anniversary of the Club.

At the opening session, the Prime Minister, Mr. Daniel Kablan Duncan voiced his pleasure at the Club choosing to meet in the Ivorian economic capital.Creditinfo were equally pleased to be invited to deliver a presentation advising on the benefits of establishing a Credit Bureau and how the banks and credit institutions should be prepared for the arrival of a central risk.

During his welcome, Mr. Duncan advised that the growth dynamics of African states should be accompanied by the African banking sector.   In this sense, he also spoke of the banking sector supporting the financing of major infrastructure projects likely to consolidate the development of states.

He called upon the leaders of banks and credit institutions in Africa to overcome any obstacles which remain the most significant in creating a low bank rate, estimated overall at 7% for all African countries and 14% for the UEOMA zone.

A number of key figures were in attendance at the opening sessions, Mr. Pierre Sedjro, the Club President, Mr. Souleymane Diarrassouba, President of the Association of Banks and Financial Institutions in Côte d’Ivoire (APBEF-CI) and  Madam Minister for Economics and Finance, Nialé Kaba.

Creditinfo is a leading service provider for credit information and risk management solutions worldwide. It has developed, through its multiple subsidiaries, numerous products and services from official and customer information sources to facilitate best practice decisioning in credit risk management and has been the preferred partner of local Credit Bureaus. Creditinfo has been shortlisted and awarded in several tenders supported by World Bank, IFC, Millenium Challenge Corporation and other international organisations. The most recent ones are in Tanzania (Central Bank), Sudan (Central Bank), Cape Verde (Chamber of Commerce) and Afghanistan (Central Bank). Creditinfo’s strength is the establishment of credit bureaus in emerging credit markets and hosting, managing and providing credit and credit related data to customers throughout Europe, either directly or through our partner agreements.