Creditinfo and VoLo Africa have merged their credit bureau operations and established a joint venture, Creditinfo VoLo Africa, with the objective of working together in West Africa, in the area of credit bureaus, risk management and biometric information.
Working together, Creditinfo and VoLo will design, integrate and implement strategic solutions to improve credit risk management procedures in Africa.
The initial intention is to set up operations in Gambia and Senegal, with Creditinfo Cape Verde also becoming part of the JV. An additional seven countries are also planned upon receipt of regulatory clearance and approval.