FCI along with Afreximbank announce the appointment of Mr. Nassourou Aminou as the new Regional Manager for Africa. The recruitment of the Africa Chapter Regional Manager is a joint effort of FCI and Afreximbank. Mr. Nassourou Aminou is a Cameroonian and joins FCI with tremendous experience in factoring, credit insurance and IT support solutions for factoring and receivables finance.
He was previously a consultant specializing in the development and implementation of factoring software in African countries. Before then he worked with Coface as Regional Head of Factoring Projects. During this period, he launched the first factoring activity in West & Central Africa with ten commercial banks, combining credit insurance and technology coupled with their financing to support the growth of the factoring activities of these banks. Mr. Aminou who also worked as an auditor for PwC and other accounting firms in the region holds a master’s degree in Accounting and Finance from the Catholic University of Central Africa, Yaoundé, Cameroon.
FCI Secretary General, Peter Mulroy commenting on the recent hire said: “I am delighted that Nassourou has joined the FCI team. As Africa is still in its infancy stage in terms of a developing factoring market, it requires the support of experienced professionals to promote factoring and its best practices. Nassourou will be close to factoring providers to assist them in launching the product. He possesses significant experience, skills and an abundance of enthusiasm, and we know that Nassourou will make a great addition to our team and support FCI and the Afreximbank in our mission to help spread factoring to all corners of the continent”
Mrs. Kanayo Awani, Managing Director, Intra-African Trade Initiative at Afreximbank and Chairperson of the FCI Africa Chapter added: “The FCI Africa Chapter will benefit a great deal from Nassourou Aminou’s experience. He will support the Bank and FCI’s efforts in promoting and creating much-needed awareness about factoring as well as its legal and regulatory advocacy work on the adoption of the Afreximbank Model Law on Factoring. Aminou will help in capacity building and bespoke training to support emerging factors, regulators, lawmakers, and other stakeholders. The perennial challenge of the absence of payment and credit information resulting in the conspicuous lack of access to credit insurance, a key requirement for the growth of factoring, will be given prominence”
About FCI (previously known as Factors Chain International):
FCI was set up in 1968 as a non-profit global association for factoring companies around the world. Today, FCI has grown into the world’s representative factoring and receivables finance association and business network with close to 400 members in 95 countries. Today, FCI is truly the global representative body for the Factoring & Receivables Finance Industry. FCI offers three primary pillars of support to the Industry:
CONNECT: the Business network aids its members by providing a legal and messaging platform to execute cross-border factoring activities between both export and import factors
EDUCATE: FCI promotes and develops best practices in both domestic and international factoring and related Open Account Finance products
INFLUENCE: FCI promotes and defends the Industry with stakeholders and policy makers worldwide