A recent report by Visa, the world leader in digital payments, has shown that Kenya is among the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years. Visa’s white paper, titled eCommerce developments across Sub Saharan Africa (SSA), confirmed that, the Kenyan eCommerce scene has showcased growth, as the market’s
Equity bags 22 accolades including Best Overall Bank in Kenya, Bank with the lowest charges for individuals, Best Bank in Agriculture and Livestock Financing and Best Bank in Mobile Banking among others. The Bank retains Best Bank in Sustainable CSR for 5 years in a row & Young Banker of the Year for the third
New Mastercard feature enables banks to equip people with carbon footprint data and insights about environmental impact Recent research by Mastercard revealed 92% of adults in Kenya are willing to take personal action to combat environmental and sustainability issues Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more
In an effort to promote a domestic saving culture in Kenya, Britam partners with Cellulant to provide flexible savings with Imarika Wallets on Tingg Brtitam has signed a partnership with Cellulant, Africa’s leading financial technology company, to offer mobile-based investment solutions. This partnership aims to provide users in Kenya with a seamless digital platform where they
54% growth in total assets 58% growth in customer deposits 64% growth in profit after tax 31% strong topline revenue growth Strong revised 2021 outlook Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic disruption, and humanitarian challenges, giving hope of resilience and recovery.
Mastercard has announced the appointment of Shehryar Ali as Country Manager for East Africa. With more than 19 years of experience driving financial and digital solutions in the region and working in well reputed banks in Africa & Asia, Shehryar brings with him a wealth of experience. He will be based in Mastercard’s regional head
Mastercard has expanded its relationship with Kasha Global Incorporated through an investment in the purpose driven ecommerce platform. The companies will continue their shared efforts to ensure women across emerging markets have essential access to health and personal care products along with the information required to support everyday hygiene needs. Combining online and offline capabilities,
In a region still dominated by cash and mobile money options, like M-Pesa, new collaborations between fintechs are looking to capture the price-sensitive market with innovative, open-loop digital payment solutions in East Africa. According to Mark Dankworth, President International, Ukheshe Technologies, the region is poised for a surge in digital banking growth, with the likes
Kenyan agency banking startup Tanda is expanding its operations regionally after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors. Tanda has also secured key strategic partnerships with Mastercard and Interswitch which will further accelerate its growth. The company’s expansion comes on the back of successfully
The facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment The Kshs 11 Billion loan comes on the heels of an additional USD 50 Million (Kshs 5.5 Billion) Loan Facility from the African Guaranty Fund. Equity Group Holdings
