Deepak Malik joins the Ecobank Transnational Incorporated (ETI) Board of Directors as a nominee of Arise B.V. (“Arise”) which now holds a 14.1% equity stake in ETI Mr. Deepak Malik has been coopted to the Board of Ecobank Transnational Incorporated (ETI) (https://www.Ecobank.com), the parent company of the Ecobank Group as a Non-Executive Director. Deepak Malik
Interswitch Limited, a leading technology-driven company focused on the digitization of payments in Nigeria and other African countries is pleased to announce the acquisition of e-Clat Healthcare Limited, a Nigeria-based health technology company that aims to improve healthcare delivery in Africa. The deal was completed on September 30, 2019, and it involves Interswitch acquiring a
Hiring in Africa presents challenges across the board. That means 54 countries, each with its own currency, with roughly 2,000 different languages, and a myriad of distinct customs, and each with its separate set of labor laws. For example, in South Africa minimum wage is 3,500 ($236.45) Rand a month with employees receiving 21 days
Temenos, the banking software company, today announced that Consolidated Bank Ghana Limited (CBG) has gone live with Temenos T24 Transact, the next generation in core banking, to power its operations for retail and corporate banking. Temenos’ cloud-native, cloud-agnostic platform will empower CBG to rapidly and cost-effectively deliver innovative digital banking services and exceptional customer experience.
MIGA, a member of the World Bank Group, has issued $67 million in guarantees to BBAC of Lebanon to help increase the loan portfolio of BBAC’s branches in Iraq. This in turn is expected to facilitate the growth of domestic Small and Medium Enterprises (SMEs). MIGA is providing a guarantee for up to five years,
Airtel Africa, a leading telecommunications service provider, and Finablr, a global platform for payments and foreign exchange solutions, have entered into an extensive global partnership that will see the two companies bringing together their complementary capabilities. As an outcome of the arrangement, Airtel Africa mobile money operations will be integrated with Finablr’s technology platform and
In pursuit of its goal to contribute to bridging the financial divide, MTN Group has granted third parties access to its Mobile Money (MoMo) Access Programming Interface (API) platform. The open API enables developers and programmers to innovate on the platform and develop products and other solutions that will create a wider range of digital
Cellulant, Africa’s leading financial technology company has announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. Tingg is Cellulant’s solution to the fragmentation
United Bank for Africa (UBA) Liberia has launched its Chat Banking Product dubbed LEO. The online banking product which can be accessed on Facebook Messenger and WhatsApp will allow customers to make use of their social media accounts, to open account, transfer money from one account to another, get account statement, buy airtime, get customer
The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has been named the Central Bank Governor of the Year for Sub-Saharan Africa by GlobalMarkets magazine, a world-leading financial journal. The Governor received this award for the second time in four years, having first received it in 2016, reinforcing his high acclaim amongst central
