The Institute of Credit Management (Africa) was founded in 1996, as the Namibian branch of the South African Institute of Credit Management. The Founders of the Namibian Branch of the ICM were:

Eugene Joubert, who was the President of the South African Institute and
Christine Jordaan, the co-principal of PBS Training College in Southern Africa.

Mr. Tobie Kruger of Windhoek, became the first Chairperson of the Namibian branch of the ICM.

It soon became obvious that the Namibian branch of the RSA ICM could not function as such, and the Namibian Institute of Credit Management was formed in 1997, under the Chairmanship of Mr. Derick Lotteryman, a senior credit practitioner in Windhoek. Other members of the managing board of the newly formed Institute, intermittently included Ms Joanie Rattay, Ms Benita Loth, Mr. Chris Shivolo, Ms Ansie van der Merwe, Ms Sophie van Wyk, Ms Minette Pajewski, and Ms Simone Steidler.

In 2002, under the leadership of Pieter and Christine Jordaan, the Namibian Institute of Credit Management amalgamated with several representative bodies of the credit fraternity of various SADC countries, to form the ICM (Africa). Until July 2007, the ICM (Africa) was managed under the capable chairmanship of Mr. Derick Lotteryman while secretarial functions are handled by Ms Simone Steidler.

At the special General Meeting held in Dar es Salaam on 24 July 2007, one of the founders of the African Institute of Credit Management was appointed as Chair Person. Ms Christine Jordaan (B.A; MBL; M.Ins.D; FICM), of PBS Training College, a division of Professional Business School, was unanimously elected to lead the Institute through the next development phase. This phase includes the dynamic changes in litigation regarding the usage and extension of credit throughout the SADC.

Dr. Frank Ogildvie (D.Com et Phil) was elected as a Board Member and examiner for the academic year 2008 to 2010.

Ms Simone Steidler (Dip CM; MICM) has been re-appointed as Secretary of the Institute. Simone is an accredited trainer for PBS Training College.

Membership of the ICM (Africa) is well represented throughout South Africa, Namibia, and several SADEC countries.