Dubai-based ICRA Rating Secures Accreditation from...

Dubai-based ICRA Rating Secures Accreditation from RBZ

*Kamille Aguas - Account Manager at ICRA Rating. Picture Credit : Kamille Aguas*

Zim Now Writer

ICRA Rating, a Dubai-based credit rating agency, has recently secured accreditation from the Reserve Bank of Zimbabwe. This accreditation means that all banking institutions and regulated entities under the RBZ’s jurisdiction can now rely on ICRA Rating's services for their credit rating needs. The agency also entered a partnership with the local Hebrofin Financial Consultant to further expand its reach in the region.

Kamille Aguas, Account Manager at ICRA Rating, discussed the importance of this milestone.

"Receiving accreditation from the Reserve Bank of Zimbabwe as a credit rating agency is a major achievement. It not only highlights our accomplishments but also carries significant responsibility. This formal recognition from the central bank reinforces our credibility and authority within Zimbabwe's financial sector. It allows us to provide independent, professional credit assessments that help inform investment decisions, risk management strategies, and overall financial stability," Aguas explained.

She added, "This accreditation is part of our broader expansion across Africa, with significant achievements in the following markets:

Zimbabwe: RBZ Accreditation

Zambia: SEC License and clearance from the Ministry of Finance & Bank of Zambia
Uganda: Recognition by the Bank of Uganda and UMRA
Tanzania: Clearance from the Ministry of Finance and Bank of Tanzania

"With our headquarters in Dubai, UAE, we are strategically positioned to connect with international investors and further elevate our global recognition," Aguas continued.

In an upcoming edition of the MFSB, we will also feature an interview with George Nhepera, founder of HFC, who will discuss the recent partnership with ICRA Rating.