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 awards ceremony held in Maputo yesterday. Rated by over 150 CEOs, MDs, business owners, company directors, and Government officials based in Mozambique, the award recognizes
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 among the licensed commercial banks in Uganda. The partnership will be managed by subsidiary Rabo Development, which actively participates in 7 partner banks in developing
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 at retail, SME and corporate clients offering banking products and services in compliance with Islamic shariah. Though based on Shariah compliance the products and
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 travel in Kenya. People travelling on key Nairobi bus routes such as Riruta, Karen and Jogoo Road will be able to pre-load money onto their
evriPay, the African based merchant account provider, announced that it’s eCommerce services are now available to online merchants in Kenya. evriPay will allow Kenyan online merchants to accept Visa and MasterCard payments from anywhere in the world on their websites. Every transaction will require 3D Secure authentication and then also be vetted by the CyberSource Fraud Management
AFB, a consumer finance company headquartered in Mauritius, has today opened a new office in Nairobi, Kenya, in a Ksh250 million capital investment. This development brings the number of afb’s offices across the African continent to four, with other offices operational in Lusaka, Accra and Cape Town. Speaking in Nairobi, afb’s Chief Executive Officer Karl
I&M Bank has announced a partnership with MasterCard that will see the introduction of the first ever MasterCard branded multi-currency Prepaid travel cards in Sub-Saharan Africa. The I&M MasterCard multi-currency Prepaid cards will enable cardholders to carry three currencies, namely: U.S. Dollars, Sterling Pounds and Euros on a single card, while at the same time
Bank of Kigali Limited, the largest bank in Rwanda has received an e-Payment Gateway from iVeri Payment Technologies, a provider of multi-channel e-payment solutions, making it the first bank in Rwanda to acquire e-Commerce merchant transactions. The iVeri Payment Gateway software will allow merchants in Rwanda to offer e-commerce services through their websites, a service
