Joseph R Waryoba, CEO of Exim Credit United Arab Emirates – Simplicity, Professionalism and Passion Make a Trinity for Trust — and Trade

Joseph R Waryoba

CEO: Joseph R Waryoba

Joseph R Waryoba, CEO of Exim Credit United Arab Emirates, has an abiding professional philosophy: keep it simple.

“Life is too short for unnecessary complications,” he says. The 36-year-old Tanzanian national has been forging ahead with the KIS (keep it simple) mantra.

Waryoba’s career began with some hefty qualifications: a degree in Tourism Management, certificates in software development and flight dispatch, and advanced certificates in project management and Certified Trade Finance (CTFP, International Chamber of Commerce).

With that solid knowledge base, he set about acquiring professional experience, first as a tour manager of Tanzania’s Lake Manse Camp. It was then onward and (literally) upward with a position as assistant flight dispatch officer for Coastal Aviation Tanzania. Flight dispatch continued to be his focus in ensuing years, moving on to a position as flight dispatch officer for EgyptAir on the Cairo-Tanzania route.

Then it was time to branch out on his own.

Waryoba was the CEO and founder of Jossimo Safaris Company & Tours in Tanzania, and performed the same roles for Globalwise Softnet Tanzania, Inter Bank Trading Africa (Tanzania), IFC Finance Ltd (Zambia) and (bringing us up to the present) Exim Credit UAE.

Not only is Waryoba well qualified on paper and dynamic in action, he is passionate about his professional role. His goal? “To be the best trade finance provider in terms of supporting SME, import and export — globally.”

One challenge is to overcome the trade finance gap, he says. “More support is needed to create a bridge for export and importation,” says Waryoba. “With my knowledge of trade finance, based on issuances of trade guarantees, I believe that I will be able to help more people and bring the solution they seek into commodity transactions.”

It has been a challenge to support SMEs, he says, due to a lack of cash flow, and compliance and security issues. Another problem: Waryoba’s old enemy, complexity. “Complications mean many SME customers fail to get the service they need,” he says. “With my knowledge and understanding of how trade guarantees work, I’m able to bring solutions through Exim Credit, to support and enhance the facilitation of those guarantees to enable commodity traders to procure their goods — and to make deals successful.

“It is my hope that Exim Credit will be able to team-up with some major financial institutions to bring fresh solutions into global trade finance.”

Exim Credit is a private investment institution that provides lines of credit to companies, investors, and lenders interested in doing business around the world. With roots in the UAE, the organisation is well positioned to understand and assess the risks in the sector — and to help mitigate them.

“We offer robust risk solutions to our clients,” Waryoba says. “Our financial partners have come to rely on our assessments because of our credibility, financial strength, and underwriting capacity.

“We are the one of the leading importers and exporters in general merchandise, with decades of experience in international trade. We are now providing trade finance facilities from top Asian banks on behalf of importers, exporters and manufactures to conclude their trade deals.”

Years of Experience

Since its inception, Exim Credit has been a leader in general merchandise import and export. “We have over 10 years of experience in international trade. With the support of our global network of suppliers and buyers, we connect genuine importers to exporters, and vice-versa.

“This means the efficient conclusion of transactions. We provide trade finance facilities to ensure the conclusion of trade deals.”

The company provides trade finance facilities from top European banks — Letters of Credit (LC), Standby Letter of Credit (SBLC), Bank Guarantee (BG), Performance Guarantee/Bond (PG/PB), Advance Payment Guarantee (APG) & Bank Comfort Letter (BCL). It provides those services for customers who lack access to bank facilities, allowing them to complete their trade transactions.

Exim Credit’s professionalism and honesty have earned it trust on a world scale. Its client base extends to the US, UK, Tanzania, West and East Africa, the Kingdom of Saudi Arabia, Spain, Egypt, Pakistan, India, Sri Lanka, China, Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Maldives, Mauritius, Philippines, South Korea, Australia, South Africa, Italy, Turkey, Switzerland, the Netherlands, Poland, Canada and Eastern Europe.


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