News | The Creditinfo Chronicle

Posted on February 25, 2014 by Emma Camilleri

Increasing Financial Inclusion in West Africa – VoLo and Creditinfo Joint Venture. AfDB involved.

Creditinfo and VoLo Africa are pleased to announce their agreement to merge their credit bureau operations and establish a joint venture (JV), Creditinfo VoLo Africa, with the objective of working together in West Africa, in the area of credit bureaus, risk management and biometric information.

The initial intention of the JV is to set up operations in Gambia and Senegal, with Creditinfo Cape Verde also becoming part of the JV. An additional 7 countries are also planned upon receipt of regulatory clearance and approval.

The partnership brings together the Creditinfo experience of developing credit bureaus and risk management solutions in developing markets such as Tanzania, with the VoLo experience of biometrics and in depth experience of West Africa financial services.

Both organisations will actively be involved in steering the future of the business in Africa, bringing structure and strategic direction with the aim of increasing the stability of the African financial system and stimulating investment and financial inclusion, to create an environment in which the African banks can provide the required facilities for all borrowers, ranging from small enterprises and micro enterprises.

Posted on February 21, 2014 by Emma Camilleri

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.

Posted on January 30, 2014 by Martin Maxa

We won the tender in Afghanistan

As you may already know, we won the tender for developing the Public Credit Registry (PCR) system for Da Afghanistan Bank (DAB) to enhance access to financial resources and loan facilities in the country. Reynir signed the contract for the project in Kabul in February 2013.

The tender was organised by the Central Bank of Afghanistan in cooperation with the World Bank, International Finance Corporation (IFC) and Harakat Organization. The total cost of the project is US$2.5 million financed by the World Bank.

We are one of the main contributors to this project.

Posted on December 19, 2013 by Emma Camilleri

How Lithuanians show their proud of high ratings

Certificates “Strongest in Lithuania” became a strong proof of confidence in Lithuanian companies. Some of them are so proud that they are able to get these certificates several years in a row that puts them altogether showing continuity of creditworthiness.

We believe that for the company from one of the biggest cities our certificates is more than a proof of trustworth or marketing. It‘s an emotion, proudness and a wish to show that to everybody: from local staff to VIP clients. We are very happy how many opportunities our clients have using the certificate.