By Our Reporter
Metropol Corporation, a Kenyan-owned firm, has been licensed by the Bank of Uganda to operate a credit reference bureau after a two-year wait. The bureau which plans to start work by the end of June will operate as Metropol Uganda Ltd.
Metropol Corporation applied for the license following the liberalization of credit information sharing services in Uganda. South African firm, Compuscan, had in 2008 been given exclusive rights to operate credit reference bureau until 2012 when the monopoly agreement was cancelled.
“We applied for a license to start doing business in Uganda two years ago, and we are pleased to announce by mid this year we will be offering credit reports and holistic rating of SMEs in the pearl of Africa,
