Africa-Press – Angola. The administrator for the Credit Guarantee Fund (FGC) business area, Eduardo Mohamed, warned businesspeople to look at information technologies as a necessary investment, with a view to the continued digitalization of the Angolan financial system.
The official, who was speaking during the Global Finance Forum for Small and Medium Enterprises, held from the 11th to the 17th of this month, in Mumbai (India), considered the digitalization of the financial system and other sectors as an “irreversible path”.
On the occasion, Eduardo Mohamed said that any type of business that “is not linked to digitalization probably has its days numbered”.
He recognized that digitalization in Africa and, particularly, in Angola is a difficulty identified by financial institutions when accessing company information.
This difficulty, he added, is identified in the process of granting credit and public guarantee, as well as in the credit risk analysis phase and in the act of paying debt service by Small and Medium-sized Enterprises (SMEs).
Regarding participation in the International Forum, the administrator said that the event served for the FGC to look for improvement tools for its service and for Angolan Micro, Small and Medium Enterprises.
“We want these partner institutions to improve their infrastructures at all levels, in order to offer their customers an easy and complete service”, he highlighted.
The importance of inclusion and the development of digital ecosystems in SMEs in developing countries was also defended by company managers from India, Singapore, Germany and the United States, who participated in the Forum.
Still within the framework of the Global Finance Forum, managers were also unanimous in stating that there are steps to be taken to reach the necessary level with regard to digital implementation in companies, with a view to obtaining financing.
Sudatta Mandal, deputy general director of the Small Industries Development Bank of India, argued that the database represents an opportunity for companies to maintain not only their commercial, customer and tax records, but the entire history that allows classification risk when requesting financing.
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