Cim Group

Cim Group Analysis

Cim Financial Services Ltd (Cim Group) is a financial services group headquartered in Mauritius, listed on the Official Market of the Stock Exchange of Mauritius. Founded in 1994, Cim Group operates across two major clusters.

Cim Finance: This division offers financial solutions to individual consumers, SMEs, and large corporates. With more than 600 employees and over 80 counters spread across Mauritius and Rodrigues, Cim Finance has a notable presence in the market. Notably, Cim Finance is the first non-banking financial institution in Sub-Saharan Africa to issue MasterCard and Visa credit cards, and the first to issue China UnionPay International credit cards in Africa. The company is regulated by the Bank of Mauritius and licensed by the Financial Services Commission. Moreover, Cim Finance is engaged in leasing and factoring activities, holding ISO 9001:2008 certification since 2009.

Property & Investments: Cim Property holds a diversified portfolio in Mauritius, comprising office, commercial, and industrial properties, as well as significant land assets for development. Additionally, the group has a stake in iVeri Payment Technologies, a pan-African electronic payment solutions provider based in Johannesburg, operating since 1998.

Overall, Cim Group's strong presence in the financial services sector and its innovative approach in offering credit card services in Africa position it as a significant player in the region's financial landscape. Its strategic investments in properties and electronic payment solutions further diversify its portfolio and offer growth opportunities.