Debt Recovery Africa, Debt Collection Services in Africa
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EXAMPLES OF RECENT DEBT RECOVERY CASES IN AFRICA

We have and continue to have first hand experience in the following countries - we operate ourselves and sometimes in conjunction with correspondents / agents in the following countries:

AFRICAN COUNTRIES - DEBT RECOVERY CASE STUDIES

SENEGALGHANA
CHADMOZAMBIQUE
TANZANIA MOROCCO
UGANDAZIMBABWE
CONGO / BRAZZAVILLEMALAWI
SOUTH AFRICA MALI
KENYASWAZILAND
NIGERIA IVORY COAST
MAURITANIAZAMBIA
MAURITIUSCAMEROON
SEYCHELLES EGYPT

SENEGAL - DEBT RECOVERY

senegal debt recovery Currently in 2011, we are engaged in several debt recovery projects in Senegal.

(1) To recover compensation for steel billets /wire rods sold by a UK company to a Senegalese purchaser. The purchaser is in receivership and controlled by local banks.

(2) Up to 2008, we were engaged in the recovery of several hundred thousand Euros for the recovery of unpaid promissory notes. Similarly, we have also managed to attach the real estate of the debtor and are in the process of taking final judgment against the debtor. If successful we will sell the land and buildings thereon. However, the matter has been hampered by the failure of the creditor provide the necessary financing for the project.

senegal debt collection Between Nov 2002 and April 2003 we assisted an English trader in recovering a portion of a debt in excess of 200,000 Euros for monies owing on unpaid powdered milk. Despite the debtor company having no assets we managed to persuade the directors to pay in their personal capacities.

GHANA - DEBT COLLECTION AND RECOVERY

Chad Debt Recovery, Mozambique Debt Collection Currently in 2010/11 we have  assisting a Swedish company in recovering circa $600,000 from a Ghanaian construction company. In the end we were required to take a final judgment against the debtor who is currently paying the debt off in installments

debt recovery ghana During 2003 we assisted Aon Insurance brokers to recover a debt from Ashanti Gold mine in Ghana.

debt recovery ghana In 2000, we had approximately $1,771,000.00 of debts outstanding on our books for recovery in Ghana.

RMA Services In 2001/2002 we made a full recovery of circa 400,000 Euros for NCM from a diamond prospecting company which went insolvent - The insolvency occurred (1) after we had made a full recovery and (2) after CGIC (a South African credit insurer) had unsuccessfully tried to recover the money before us.

debt recovery ghana In 1998, we attached properties and assets in Ghana to secure a debt of $400,000.00 pending litigation. By the end of 1999 we had recovered the entire debt plus costs and interest. This was the first Mareva injunction in Ghana.

Ghana and Nigeria Debt Collection On three occasions since 2000 we have managed to acquire goods instead of monies owed. In these circumstances we have arranged the resale of those goods and have, therefore, concluded a cash recovery.

CHAD, MOZAMBIQUE & TANZANIA - DEBT COLLECTION

Chad Debt Recovery, Mozambique Debt Collection In 2011 we have assisted an aid organisation from recovering monies owed by the government of Chad in respect of expenses incurred in removing land mines.

Chad Debt Recovery, Mozambique Debt Collection During 2001/2002 we assisted major Engineering company to recover substantial amounts outstanding and owing in Chad Mozambique and Tanzania.

MOROCCO - DEBT RECOVERY

Morocco Debt Recovery In 2004 we assisted a major pharmaceutical company to recover monies owed by a local producer in Casablanca.

Morocco Debt Recovery In September, 99 we recovered $125,000 from a debtor in Morocco who had refused to make payment and had been in litigation for almost 2 years with a local lawyer who was supposed to be acting for Atradius. We intervened and made a settlement which was quick, fair and the debtor and creditor were both happy.

UGANDA - DEBT RECOVERY

Uganda.Debt Collection In 2011 we have assisted a South African Company which had exported safety clothing to a Uganda Company. The monies owed are currently being recovered despite the fact the ultimate debtor are based in South Sudan.

Uganda.Debt Collection In March 99 we recovered $83,000 from a company in liquidation in Uganda.

ZIMBABWE - DEBT RECOVERY

DEBT COLLECTION ZIMBABWE Between 2009 and 2011, we have been engaged in countering various money laundering transactions . The nature of our duties are highly confidential and we therefore cannot advertise the details.

DEBT COLLECTION ZIMBABWE In July 99 we recovered $50,000 from a Zimbabwean company which had become defunct and which was owned and controlled by a relative of Robert Mugabe.

DEBT RECOVERY ZIMBABWE In November 1997 we recovered $100,000 from a Japanese debtor located in Zimbabwe. The debtor surrendered an equivalent amount in value of motor vehicles.

CONGO / BRAZZAVILLE - DEBT COLLECTION

CONGO DEBT COLLECTION In February / March 1997 our attorneys recovered circa $100,000.00 from a Brazzaville bank a few weeks prior to the revolution there. We used the local sheriff to attach and remove the creditors assets (medical diagnostic equipment) with the aid of soldiers and thereafter settled a recovery figure with the (then) Minister of Finance.

MALAWI - DEBT RECOVERY

MALAWI Debt Recovery In July 1997 we recovered circa $100,000 from a savings bank in Malawi. The threat of attachment procedures was all that was required to extract payment.

SOUTH AFRICA, SINGAPORE, SRI LANKA & TURKEY

Debt Recovery South Africa Up to the period ending 2000, we had been engaged in the tracing of assets and money controlled by a gang of "commodity traders". This has included location of monies in a UK bank account belonging to a Turkish syndicate ostensibly engaged in the export of coal from South Africa to Ankara.

South Africa Debt Recovery During 1999 in South Africa we purchased, at auction, assets impounded by the South African customs and belonging to a French client. The assets had already been conditionally sold on by us at a higher price to a third party . The difference between the auction price and the 3rd party sale price was our recovery.

South Africa Debt Collection In 1998 our agency attached $8,000,000.00 worth of L/Cs in Sri Lanka to secure a debt for a major South African Bank valued at $2,000,000.00. The attachment also requires us to synchronize the timing to ensure that service of any writs only occurs after payment has become irrevocable.

Debt Recovery South Africa In the same matter we also attached a related L/C in Singapore after having tracked the debtor down in Singapore (The debtor had originally incurred the $8 million debt in South Africa).

KENYA, SWAZILAND & NIGERIA- DEBT RECOVERY

RMA Services Between 2001-2002 our debt collection company recovered all the available debtors book of Bayer AG in Germany and South Africa. We made recoveries in Kenya, Swaziland and Nigeria.

Ghana and Nigeria Debt Collection On three occasions during 2000-2001 we have managed to acquire goods instead of money in Ghana and Nigeria where the debtor is clearly impecunious. In these circumstances our collection agency has arranged the resale of those goods and have, therefore, concluded a cash recovery
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