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Kenya

Bank Rewards Depositors to Encourage Culture of Saving

After launching the Save and Win prize-linked savings campaign in October, this year, First National Bank (FNB) named the first monthly winner. A Dar es Salaam resident, Ms Imelda Lutebinga, has emerged Read More →

Use SACCOS as Agents, Kilimanjaro Bank Urged

Kilimanjaro Co-operative Bank Limited (KCBL) has been advised to make use of Savings and Credit Cooperative Societies (Saccos) as its agents so that villagers get access to banking facilities easily. Kilimanjaro Read More →

Mwalimu Bank Listing Likely Next Week

Listing of Mwalimu Commercial Bank (MCB), on Dar es Salaam Stock Exchange (DSE), is slated for next week. DSE officials and brokers said listing would be done next week for Read More →

Equity Bank Posts Outstanding Performance

Equity Bank Tanzania has posted net profit of 5.03bn/- in the year ended September 2015 compared to 1.52bn/- registered in the previous year. Also; the bank posted 1.14bn/- profit in Read More →

Co-op Bank Partners with SimbaPay for Diaspora Remittances

The Co-operative Bank of Kenya has partnered with SimbaPay, a digital money transfer provider, to offer international money transfer services to the bank’s customers in the Diaspora. Co-operative Bank accounts Read More →

CRDB Bank Makes Splendid Performance

CRDB Bank posted a net profit of 38.57bn/- from its operations during the third quarter (July-September) of this year, up from 31.25bn/- recorded at the same period last year. The bank Read More →

Safaricom Introduces ‘Hakikisha’ Feature to Secure M-Pesa Transactions

Safaricom has introduced a new enhancement to M-PESA that will enable customers confirm the name of the intended recipient of funds, before completing an M-PESA transaction. ‘Hakikisha’ which has been under Read More →

How Kenyan Banks Lost to Mpesa

Mpesa, a wildly successful payment platform contractually licensed to Safaricom, has prospered at the expense of what would have been banking services. Kenya’s banks have taken a back seat as Read More →

Beyonic Announces Partnership with Mobile Accord to Expand Further into Africa

Beyonic, a technology company that aims to eliminate the rampant use of cash in emerging markets, is announcing a partnership with Mobile Accord that will make Beyonic the largest Read More →

CRDB Bank Launches Customer Service Week

CRDB Bank has launched customer service week, a special period of year for the bank to meet and get feedback from its customers. During the event, CRDB Bank donated and Read More →
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