Owners of Small and Medium Enterprise organizations and individuals in Zambia will now heave a sigh of relief following the establishment and introduction of the new Collateral Registry Software System in that country.
Bsystems Limited, one of Ghana’s finest enterprise software development companies, has now launched its flagship software, the collateral Registry Software, in Zambia.
This brings to six the number of Sub-Saharan African countries that the company has deployed its software solution in, with the support of the World Bank Group- after Ghana, Liberia, Malawi, Nigeria and Sierra Leone.
Collateral Registry System is a public sector reform initiative undertaken in collaboration with the World Bank/ IFC which among other functions enables businesses and individuals that do not have access to traditional collateral like land or real estate to use movable assets such as machinery to access credit.
The official launch of the Collateral Registry Software Solution in Lusaka attracted top business magnates from both the public and private business community and was grace with the attendance of the Permanent Secretary for the Ministry of Commerce, Trade and Industry, Miss Kayla Siame, on behalf of the Zambian government.
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