FCI greets its first Member in Botswana, Olympia Factors CommercialeFriday 6 July 2018
FCI is delighted to welcome Olympia Factors Commerciale as its first (Affiliate) Member in Botswana.
Olympia Factors Commerciale (Pty) Ltd (“Olympia Factors”) is a factoring business intent on using innovative financial facilities to ensure the growth of business trade in Africa using debt factoring, supply chain finance, Invoice discounting, purchase order finance and structured trade finance.
Olympia Factors hopes to use its factoring business to finance business in Agriculture, LPG Energy and Petroleum, Tourism, structured trade finance and project finance for infrastructure projects.
Olympia Factors is registered in Botswana but intends to use Botswana as its base to enter neighbouring countries, while enjoying Botswana’s conducive business environment and sovereign credit rating to access credit line. In pursuit of its Vision Olympia Factors will in the fourth quarter of 2018 open an Office in South Africa, which will be followed next year by Namibia.
The promoters of Olympia Factors have among them a vast wealth of experience and skills in business advisory, financial consulting, insurance and financial accounting. The company has an established network of professionals, through which it can deliver on its mandates if needed.