Information gaps widen lending risks, credit bureau warns

TransUnion, the main credit bureau in Botswana, has warned that the use of data to make credit decisions in Botswana is fairly underdeveloped in comparison to other African countries.

“Data sharing should be broadened to not only include data from lenders, but also insurance, telecommunications, retail and any other entities that provide goods and services to consumers so as to obtain a more comprehensive view of a consumer’s financial commitments,” TransUnion Africa acting country manager, Kabelo Ramaselwana told BusinessWeek.