BY F MALE: The Uganda Microfinance Regulatory Authority (UMRA) has rallied Tier 4 financial institutions to adopt international credit rating standards to secure global funding.
UMRA believes that integrating international credit ratings will bolster Tier 4 institutions and enable them to attract lower-cost global credit facilities.
UMRA is optimistic that the introduction of the international credit rating system will strengthen Tier 4 financial institutions and help them attract cheaper credit facilities globally.
Speaking during a two-day conference for Tier 4 financial institutions organised by the Uganda Microfinance Regulatory Authority (UMRA) in Kampala on Wednesday, Mr. Moses Ogwapus, the Commissioner of Financial services at the Finance Ministry, said credit rating is crucial in this sector.
The Uganda Microfinance Regulatory Authority (UMRA) has announced that it will begin monitoring Savings and Credit Cooperatives (SACCOs) to rate both borrowers and lenders,
PSFU, @UgMicrofinAuth, ICRA, convened a gathering of 500 Ugandan MFIs to discuss credit rating as a method of evaluating the credibility of these MFIs, with the ultimate goal of enhancing their prospects for obtaining affordable and enduring capital from international investors.
In today’s rapidly changing business landscape by embracing ESG principles, banks can mitigate risks associated with environmental, social, and governance issues that seize
Dar es Salaam. Tanzania’s first credit rating agency, Icra Rating Agency Limited, has launched a tool that will simplify the lending process, empowering institutions to make confident and informed decisions.
The ICRA Scorecard represents more than just a tool; it embodies a paradigm shift in credit assessment methodology. By embracing innovation and inclusivity, ICRA Rating aims to foster financial inclusion on a global scale, promoting fairness and equality in the financial sector.
THE Dubai-based International Credit Rating Agency (ICRA) has made strategic moves to solidify its footprint in Tanzania, showcasing its commitment to growth and collaboration by signing Memorandums of Understanding (MOUs) with four prominent financial institutions in the country.
A Memorandum of Understanding (MoU) with PSFU, We are delighted to announce the signing of a Memorandum of Understanding (MoU) with the Private Sector Foundation Uganda (PSFU).
“A strong credit rating builds trust with lenders and attracts investors, making it easier for MFIs to secure long-term, low-cost capital. This financial stability enables them to offer more affordable services to their clients,” says Mansur.
IN the realm of credit risk assessment, the ICRA Credit Risk team stands as a model of diligence and equal treatment,
ICRA Rating Agency Limited is Tanzania’s first credit rating agency, opening up a new chapter for the country’s financial markets.
IN today’s corporate landscape, Environmental, Social, and Governance (ESG) is gaining prominence as pillars shaping the way businesses operate, prioritize and are evaluated globally.
In the intricate world of insurance, where the promise of protection against unforeseen risks is paramount, the significance of credit ratings cannot be overstated.
Credit ratings are incredibly important for microfinance institutions (MFIs) that aim to support marginalized communities and small businesses.
A FINANCIAL expert says credit rating agencies play a crucial role in shaping the country’s economy, attracting investors, and ensuring transparency in financial markets.
INTERNATIONAL Credit Rating Agency (ICRA) country director David Mwambazi says both Government and the private sector must play a role in improving the country’s credit rating.
HARARE – Zimbabwe’s economy is undergoing a significant transformation, demonstrating impressive resilience and growth thanks to a series of strategic government initiatives.
Zimbabwe has growth opportunities for investors and entrepreneurs, a UAE-based credit rating agency has said. ICRA Rating released a statement that said while Zimbabwe has negative
ICRA Rating Services has successfully facilitated a substantial banking facility of CFA 5 billion for a valued client in Burkina Faso. This financing arrangement reflects ICRA’s commitment to supporting businesses in the region, fostering economic growth, and enhancing financial opportunities. This achievement underscores ICRA’s expertise in facilitating tailored financial solutions to meet the diverse needs of its clients, further strengthening its position as a reliable financial partner.
Credit ratings are assigned after analyzing various factors about the company, such as asset quality, capitalization, and earnings. Similarly, the recent ratings by ICRA Rating LLC UAE have helped the real estate firm based in Zambia hassle-freely secure a loan of $1.12m USD.
