Kopo Kopo, a leading provider of business management software with over 10,000 clients in Kenya, has announced its new merchant cash advance service called “Grow.” Unlike a traditional bank loan, Grow is designed to help businesses grow and prosper by accommodating their cash flow cycles. Grow cash advances are disbursed in minutes, require no personal
Steward Bank has launched a suite of innovative Diaspora Banking products targeted at Zimbabweans living, working or studying abroad. The Diaspora Banking products allow Zimbabweans outside the country to carry out day-to-day banking transactions with their Steward Bank account from where they live, work, or play across the world. Presently, customers in the diaspora will
Nigeria’s e-commerce sector is still in its infancy compared to those of developed countries in spite of the success of the likes of Konga and Jumia, according to Oluseye Faleye, founder of TopDownDeals. Faleye believes TopDownDeals.com.ng filling a vacuum by providing a platform for gamers in the country to purchase offerings from international providers at affordable prices.
Equity Bank has doubled their over the counter withdrawal fees recently in a bid to encourage the use of alternative banking channels such as agency outlets and mobile banking. Equity hopes that this will decrease congestion in bank branches and reduce their teller to customer ratio. The cash withdrawal charges have gone up from Sh50
The former NBC Bank Managing Director Mr Lawrence Mafuru has been elected CRDB Bank independent director by the bank’s stakeholders at a meeting held at Arusha International Conference Centre (AICC) over the weekend. Mr Mafuru was NBC Managing Director from June 2010 until December 2012. He now works in the President’s Delivery Bureau (PDB) as
WorldRemit has expanded its service in Uganda to enable customers to transfer money to mobile wallets. The global online money company, which recently secured a $40 million investment from Accel Partners, will provide this new service to increase the pay-out options available to customers sending money to Uganda. Up until now, customers have been able
M-PESA customers will now be able to make mobile banking transactions instantaneously. This follows a system upgrade to the Application Programmable Interface (API) which has resulted in a reduction of transaction time from an average of 2 hours to less than 30 seconds. This will in effect help entrench the move towards a cash-lite society
Tanzania’s CRDB Bank Managing Director, Dr Charles Kimei, has been shortlisted alongside six other nominees for the prestigious African Banker of the Year Award. A statement issued by the London-based African Media Agency made available to this paper, said the nominees have been picked out for their outstanding performances. Contestants for the title include Bisi
Kenya Commercial Bank (KCB) has declared plans to follow rival Equity Bank into the telecoms market after announcing a first quarter profit increase of 28.6 per cent. It was reported last month that Equity Bank was one of three firms to have been granted mobile virtual network operator (MVNO) licences by the Communications Commission of
NMB Bank launched ‘Jihudumie Campaign’ geared at offering customers all services that are accessible through the bank’s self-service channels. With ‘Jihudumie,’ NMB customers will be offered with an instant account opening that will allow them to conveniently deposit and withdraw money through self-service channels. The NMB Chief Executive Officer, Mr Mark Wiessing, said at the
