Published: 08 August 2013

Tunis-Headquartered, pan-African financial services group Alios Finance is set to enter the Zimbabwean market during the first quarter of next year, a company official has said.

Alios Finance Zambia acting chief executive officer, Evert TerBurg, said the move is part of his company's ambitious strategy of expanding its operations in English speaking African countries.

"We are embarking on an ambitious strategy of expanding into new markets especially the English speaking African countries," TerBurg told The Financial Gazette's Companies & Market.

"In this regard, we are planning to set up branches in Zimbabwe by the first quarter of next year (2014). We have already spoken to the relevant authorities in the country about this plan."

Alios Finance offers a broad range of finance solutions targeting Small to Medium Enterprises (SMEs). SMEs play a critical role in the development of the Zimbabwean economy.

The Tunis-headquartered company has been in existence in sub-Saharan Africa since 1956 and also offers corporates and individuals with products such as operational and financial leasing, investment loans, long-term rental and consumer credit.

Alios Finance's current operations are in Ivory Coast, Cameroon, Gabon, Mali, Senegal, Burkina Faso, Zambia, Kenya and Tanzania.
- The Financial Gazette's Companies & Market

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