ICRA and Creditinfo Tanzania launch first credit rating agency for Tanzania institutions

Dar Es Salaam, 24th January 2024 – Creditinfo Tanzania, provider of credit information and risk management solutions, and ICRA (International Credit Rating Agency) have partnered to launch the ICRA Rating Agency, the first credit rating agency locally based in Tanzania.

The joint venture will provide credit rating and evaluation services to Tanzanian financial institutions, creating for the financial industry. Combined, ICRA and Creditinfo’s Tanzania team bring decades of experience and practical knowledge in credit risk management and analysis to support and improve credit assessment in Tanzania.

Adv Hassan Mansur, Local Director of ICRA Rating Agency Limited said: “We are delighted to launch Tanzania’s first credit rating agency that is fully geared towards strengthening the economy through providing credit rating services that are tailored to the African market. Our partnership with Creditinfo will provide ample opportunities and offer a competitive edge for various institutions, most especially the Tanzanian institutions in the International Market.”

Edwin Urasa, CEO of CreditInfo Tanzania said: “At Creditinfo, we are committed to sustainably growing our business and identifying ideal opportunities to build strong and profitable credit rating agencies, while helping more local citizens and businesses access finance. Our partnership with ICRA marks an important milestone for us and gives us the opportunity to improve the standards of credit assessment. Tanzania is an optimal market for us to introduce this service because of its tremendous promise for inclusive financial services. This venture will set a new standard in credit rating and promote financial health and empowerment across Tanzania.”


About Creditinfo  

Established in 1997 and headquartered in London, UK, Creditinfo is a provider of credit information and risk management solutions worldwide. As one of the fastest-growing companies in its field, Creditinfo facilitates access to finance, through intelligent information, software and decision analytics solutions.

With more than 30 credit bureaus running today, Creditinfo has the most considerable global presence in this field of credit risk management, with a significantly greater footprint than competitors. For decades it has provided business information, risk management and credit bureau solutions to some of the largest lenders, governments and central banks globally to increase financial inclusion and generate economic growth by allowing credit access for SMEs and individuals.

For more information, please visit tz.creditinfo.com



About ICRA Rating Agency

ICRA Rating Agency Limited has been accredited for being the First Ever Credit Rating Agency approved by Bank of Tanzania (Central Bank of Tanzania) to which we are the only regional central bank approved credit rating agency offering credit rating services. Our organisation also gets the special status of ecai (external credit assessment institution).

ICRA has an expert team with a combined experience of more than 25 years in Audit, Inspection, Financial Analysis, Credit Research, Banking, Compliance, AML and Certification. Our ratings significantly influence corporate and financial institutions to achieve better market standing. ICRA ratings aim to help various corporations and institutions demonstrate their financial capability.

For more information, please visit www.icrallc.com

Edwin Urasa appointed new CEO of Creditinfo Tanzania

New CEO Creditinfo Tanzania

Press Release

London, UK.


Creditinfo Group is pleased to announce the appointment of Mr. Edwin Urasa as new CEO and Executive Director of Creditinfo Tanzania effective 01st November 2021. He is replacing Mr. Van Reynders whose tenure ended in April 2021.

Edwin brings 10 years of experience from the local banking industry having spent significant time around credit and risk management, recently before joining he was responsible for the Retail and Micro-SME segment at NBC Bank as Head of Retail Credit.

“I am especially excited to join Creditinfo Tanzania, which has been in operation for the last 9 years and has over the years continued to grow rapidly enabling small to large organizations effectively manage risk and support the government and banking community providing responsible lending in Tanzania. I am looking forward to expanding the companies’ product portfolio and services through application of best practices while leveraging Creditinfo global knowledge and expertise”.

“We are very excited to have Edwin Urasa join us as the new Creditinfo Tanzania CEO. With his vast knowledge and experience in the Tanzanian banking and credit industry, we have no doubt that he will lead Creditinfo Tanzania to greater heights and move the company’s journey forward in pushing our innovative solutions to the Tanzania market as well as pushing one of our core pillars – financial literacy, to the public at large”, says Paul Randall, CEO of Creditinfo Group.

Edwin holds a Bachelor Degree in Commerce (Hons), Majoring in Finance from the University of Dar es Salaam, an MBA from Edinburgh Business School at Heriot-Watt University-UK and has also several certifications namely, a Mortgage advisor (CeMAP)-UK, Modules in Commercial Credit from Moody’s Analytics-USA, and Risk Management from City University -UK.


PR contacts:

Marketing Manager/ PR for East Africa

Phidi Mwatibo

Email: Phidi.mwatibo@creditinfo.com

Digitalization Helps Lenders Overcome Challenges Caused By COVID-19

The rapid spread of the Coronavirus is impacting economic growth and market volatility is increasing thus impacting the industry through weakening investment returns and potentially adverse impact on the capital position of financial institutions around the world. A sustained economic slowdown triggered by the outbreak will put negative pressure on revenues and lead to a material increase in credit risk and a potential spike in claims including for health, credit and event cancellation insurance.

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Do you want to increase the profitability of your business by improving your credit risk management?

CIA_logo_small_If the answer is YES – we have the perfect solution for you and your teams!

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Creditinfo and PRIDE Tanzania partner to promote responsible lending

9Creditinfo Tanzania Limited and Promotion of Rural Initiatives and Development Enterprises Limited (PRIDE Tanzania) today announced concluding a strategic partnership. The partnership aims to support PRIDE Tanzania to make better informed credit decisions, improve overall business performance and pursue joint ambition of promoting responsible lending and financial inclusion. Continue reading »

Creditinfo and NMB partner to promote responsible lending and improve financial inclusion

Dar es Salaam Thursday 7th May 2015

JOINT PRESS RELEASE                

Creditinfo Tanzania (CIT) and NMB today announced concluding a strategic partnership. This landmark partnership aims to support NMB to make better and informed credit decisions, champion responsible lending, promote financial inclusion and facilitate economic growth. The partnership will be a first of its kind in Tanzania and will mean the automated integration of NMB’s credit scoring and Creditinfo credit bureau systems. Continue reading »

Remembrance Day Service in Tanzania

At the invitation of the German High Commissioner in Dar Es Salaam, Tanzania, David Challies, Country Manager of Creditinfo Tanzania and his fiancée Vanessa,  attended a Remembrance Day service, organised at the grave site of British, Commonwealth and German soldiers that were killed in the First World War, Second World War and other wars during those times.

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Supporting a Better Understanding of Credit Risk Management in Tanzania

Creditinfo Tanzania, in cooperation with the Creditinfo Academy, recently delivered a 2 day “Introduction to Risk Management” training course  in Dar Es Salaam, Tanzania.

The interactive workshop took place at the Ledger Plaza Beach Hotel on 21st and 22nd October 2014 with attendees including senior bankers, micro finance and other professionals responsible for maintaining top quality loan portfolios, identifying risk management opportunities and designing financial solutions for clients in an evolving credit environment.

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Introduction to Credit Risk Management – Training coming up in Tanzania

Introduction to Credit Risk Management: Realizing the Benefits of Credit Bureau Data

This two (2) days training program is designed for bankers, microfinance and other professionals responsible for maintaining top quality loan portfolios, identifying risk management opportunities and designing financial solutions for clients in a new and evolving international credit environment.

The Training will be taking place on the 21st & 22nd October 2014 or 23rd & 24th October 2014 at Ledger Plza – Bahari Beach Hotel.

There is widespread agreement particularly amongst regulators that financial institutions need to rethink credit policies, procedures, and risks they are taking.

The workshop will provide knowledge and support to members of credit risk and operational management team to better understand the developments in Tanzania with the credit information sharing initiative.

The workshop will cover the concepts behind credit bureaus, and how businesses can use this data to improve the quality of lending, both in terms of e‑ciency and quality. The workshop will also cover the fundamental concepts of application processing and utilzation of the credit bureau reports.

It will also present an excellent networking opportunity for attendees to share ideas about their own challenges and best practice.

Sounds Interesting? Find out more here: http://www.creditinfo.co.tz/home/training-events/credit-risk-management-/

Creditinfo Academy visits Tanzania

Working through a case study

Working through a case study

Creditinfo Tanzania, the first licenced credit bureau in Tanzania, provided yet another first of its type for the country, a “Credit” themed training programme delivered by Creditinfo Academy. The training was held at the prestigious Serena Hotel in Dar es Salam on 4th and 5th February 2014.

The training covered many areas including the use and understanding of credit bureau data, how credit scoring works and scorecard development. Most sessions were interactive to provide active involvement and help learning. Continue reading »