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Eastern Africa

Visa and Equity Bank Launch New Money Transfer Service: Visa Personal Payments

Visa in Kenya announced the launch of Visa Personal Payments (VPP) in collaboration with Equity Bank, East Africa’s largest commercial bank by customer base. Visa Personal Payments is a convenient, cost-effective Read More →

Kenyan Banking Sector Records Improved Performance in 2012

The Central Bank of Kenya says that generally, the banking sector was sound and stable and recorded improved performance in 2012 as indicated by Total net assets which increased by Read More →

Cambria Africa to Put US$2m into Payserv to Grow Payment Systems Offerings in Zimbabwe and Zambia

Cambria announced it has executed agreements with a subsidiary of Johannesburg based Nisela Capital (Nisela) relating to the placement of US$ 2 million in convertible debt into its Payserv subsidiary. Half Read More →

Nedbank Expands into Mozambican Banking Industry with Banco Unico

Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Read More →

Equity Bank Grows Profit Before Tax By 22 Percent and Customer Base To Over 8m

Equity Bank Group’s profits after tax jumped 22 percent to Kshs 3.21 billion from Kshs 2.63 billion posted within the same period last year. Despite a challenging business environment characterized by Read More →

Centenary Bank Unveils Mobile Banking Services for Its 1.3m Customers

Centenary Bank of Uganda has unveiled CenteMobile, a mobile banking service for its customers. The service supports funds transfers, account and statement queries as well as airtime purchases and bill payments. Read More →

FNB Mozambique Wins Award for Personal Banking Excellence

FNB Mozambique has been awarded the PMR.Africa Golden Arrow award 2013 for Personal Banking Excellence. The awards were conferred by PMR Africa (Performance Management Review), a research consultancy, at an Read More →

Rabobank Takes a 27.5% Stake in DFCU Bank of Uganda

Dutch bank, Rabobank Group has received permission from the Central Bank of Uganda to take a stake of 27.5% of the shares of ownership in the dfcu Bank, ranked 5th Read More →

National Bank Eyes Growth With Islamic Banking

National Bank of Kenya has launched an Islamic banking window as it seeks to expand its business portfolio into the retail and corporate segments. The window, called ‘National Amanah’, is targeted Read More →

Google Teams Up with Equity Bank to Launch Travel Payment Card: BebaPay

Google has teamed up with Equity Bank, the largest bank in East Africa, to launch BebaPay, a payment card that makes it easier and more convenient to pay for bus Read More →
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