The 3rd Annual East Africa Banking and ICT Security Summit – themed ‘Strengthening Banking and ICT Development in East Africa’ – will be held on April 25 in Kampala, Uganda. The one-day conference will centre on key security issues on core banking systems, software, mobile banking, cards and payments, fraud and risk management solutions. It
The Tanzania Communications Regulatory Authority (TCRA) has commended continued technological growth in the country’s mobile phone industry. TCRA Managing Director, Prof. John Nkoma, said in Dar es Salaam: “This growth has so far done a great job in improving Tanzania’s economy, as well as social development.” Prof. Nkoma was speaking at an event that saw
Equity Bank Group in Kenya and VFX Financial PLC in the UK have partnered to launch Equity Direct a real-time, cross border, multicurrency money transfer service from the UK to Kenya. The service will enable individuals and corporates in the UK to send money to any account at Equity Bank in the region. The service
Former Tanzanian President Ali Hassan Mwinyi has welcomed increased cross-border investment among East African countries, especially in delivery of financial services. Mr Mwinyi said this in Dar es Salaam, when officiating at the launch of KCB Bank Sharia Branch and lauded the firm for its continued investment in the country. He said KCB Bank, which
Exim Bank has urged more Tanzanians to utilize fully services offered by banks and other financial institutions, noting that saving money in banks is safer and the most convenient way of investing. Exim Bank Tanzania Assistant Manager (Corporate Relationship), Mr Justin Wambali, said people should use banks to save money for their future development. He
South Africa-based Net1 Mobile Solutions (“N1MS”), a business unit of Net 1 UEPS Technologies, Inc. together with its long-time partner Supa Pesa, has expanded its Advance Airtime African footprint with the launch of TeleKom Networks Malawi (“TNM”) Airtime Credit service, Pasavute. Pasavute, which means ‘No worries’ in Chichewa, allows subscribers of TNM to purchase airtime
MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. They will also be able to transfer money between their Mobile Money and Ecobank accounts. The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory
European investment company Accel Partners has invested US$40 million in WorldRemit, an online money remittance service operating in Ghana and Somalia, providing the service’s first Series A investment. Founded in 2009, WorldRemit has partnerships with Safaricom’s M-Pesa, international banks and mobile operators, providing remittance transaction services to approximately 1.3 million people every year “We expect
KCB Group has commenced the process of rolling out Islamic Banking solutions in the country as part of its financial inclusion agenda. The innovative products and services will be in consistent with the principles of Islamic Sharia Law. “The bank is in advanced stages to make this a reality and Sharia Compliant Board or Sharia
Kenyan leading mobile money transfer service M-Pesa has marked its seventh anniversary since its launch in March 2007, with Safaricom saying the service has touched the lives of many Kenyans. “M-Pesa has given Kenya something to be proud of, and made a difference in the lives of ordinary people,” said Safaricom chief executive officer (CEO)
