East Africa’s biggest economy received a boost when Standard & Poor’s Ratings Services raised its credit rating to B-plus from B on Friday. Kenya is now considering tapping international bond markets should domestic yields rise. Sam Omukoko, GCS Kenyan partner, appeared as a guest on the Power Lunch show and shared some of his insights…
Patrica Mwase, the GCS partner for Malawi, and the president of the local Lions club, shares the following story with us. ————– There was pomp of excitement among Lions, parents as well as other patrons after it was learnt that five children from Phalombe who were blind had regained their sight after they underwent successful…
Debt collection as financial service is a totally new business sector in Turkey. Until recently, payment issues were either being settled after lengthy Court procedures, or solved behind closed doors with a personal settlement. Consultancy companies did not at all play any role and pre-legal collection has never been an option to foreign creditors. At…
As of October 2010, the Turkish GCS partner, DAT Consultancy, has become associate partner of ACA International, the International Association for Credit and Collection Professionals. By joining the well-known and respected association, DAT Consultancy is confirming its goals to increase its international coverage and effectiveness while remaining a service orientated and responsible company. Consequently, customers…
Patrica Mwase, the GCS partner for Malawi and a recognised expert on credit management and its associated services, has been appointed as an industry expert to a committee by the Ministry of Industry, Trade & Private Sector Development. The purpose of the committee is to assist the Government in finalising its new Insolvency Bill. Here…
By: Bar el Yaron, advocate Global Credit Solutions, Israel During this article I will discuss the debt collection possibilities in every corner of the world, excluding only countries like Somalia, Zimbabwe and other countries in the third world. The GCS corporation, of which our office is the Israeli partner, specializes, among other things, in debt…
Credit Reporting as defined by Dun & Bradstreet and its’ long standing motto “ Man’s Confidence in Man” or other World Renowned Credit Reporting agencies is the focus on a Business’ ability and record to retire its trade obligations – Is there real confidence in the business one is extending trade credit to. THEN –…
By Steve Gan (GCS Partner) Steve: Tell me, what was the impetus or motivation for establishing a global credit and collection organization? And why a partnership and not just membership? Neil: It was 1977 and I believed that globalization meant we needed to offer at the very least a regional service, because Australia was already…
GCS CARIBBEAN We are pleased to announce that our GCS Regional Director for the CARIBBEAN, Albert V Knowles, was recently confirmed as Co-Chair of the International Development Committee within IACC ( International Association of Commercial Collectors) at their 72nd Mid YEAR CONFERENCE of IACC held in WASHINGTON DC on July 10 – 11th. IACC is…
We have received some exciting news from our African partners, to share with all GCS colleagues. Sam Omukoko, CEO of GCS Kenya has just been advised they have received the approval from the Central Bank of Kenya, to run a Credit Reference Bureau for Banks in Kenya. As Sam advises this is a great milestone…
