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Creditinfo announces acquisition of credit bureaus in Ugandan & Namibian

By Delisha Fernandes

May 24, 2023

  • Acquisition
  • Africa Fintech
  • African

Creditinfo GroupCreditinfo Group, a service provider for credit information and risk management solutions, announced the acquisition of two credit bureaus in Uganda and Namibia.

As part of the acquisition, Creditinfo has taken on all employees working in the credit bureaus, which were previously owned by Experian. Creditinfo will combine its invaluable local expertise with its extensive experience in delivering private credit solutions to African and European nations to help millions access finance.

Paul Randall, CEO at Creditinfo, said, “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. Uganda and Namibia are ideal partners for us in this respect, and all our new employees are credited to the Creditinfo name. As Africa’s leading credit bureau provider, we look forward to working together to provide the best service possible in each country”.

Coupling this experience with its advanced software and analytics products, Creditinfo will deliver its credit bureau solutions to help the two bureaus facilitate access to finance for individuals, SMEs, and corporates in the regions, whatever their social and economic needs.

Mark Charles Mwanje, Country Manager of Uganda, said, “We are delighted to join the Creditinfo Group. We believe their years of expertise and knowledge will greatly benefit our team of dedicated and talented employees. We look forward to joining forces to help the local people and our growing economy.”

Karin Jansen van Vuuren, Country Manager of Namibia, said, “Working with Creditinfo provides us with the chance to tap into new opportunities for further growth. The company’s in-depth experience will be instrumental in helping banks and other lenders to extend credit while ensuring we are still a private credit bureau run by local people for local people, with all their best interests at heart.”

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