CfC Stanbic Bank has opened the first ever digital experience bank branch in the country. The branch, in Mombabsa’s Nyali Centre Mall, is set to radically alter the way customers take care of their financial needs and conduct their daily banking business. CfC Stanbic Bank’s focus is on enhancing the way Kenyans engage with their
Cignifi, whose proven big data engine uses mobile phone data to deliver consumer credit and marketing scores, announced an agreement with the International Finance Corporation (“IFC”), a member of the World Bank Group, aimed at expanding the delivery and usage of mobile financial services in Uganda. Specifically, Cignifi will be working with the IFC to
Africa’s leading hotel booking platform Jovago.com has announced the incorporation of Tigo Pesa, one of the region’s major mobile money transfer services. This partnership gives the customer yet another option for efficiency on top of the available card payments and pay-on-arrival model. “Africa is definitely moving on to the digital world, as part of this
Lion International Bank and Somali Micro Finance in partnership with BelCash Technology Solution PLC launched the official pilot of the HelloCash mobile money services. BelCash Technology Solution PLC is an Ethiopian based technology service provider for financial industry. The HelloCash mobile money platform will provide financial services to all Ethiopians. The HelloCash service enable existing
Barclays Bank Tanzania Limited (BBTL) yesterday made its mark in the country’s banking practice, become one of the most digital savvy financial institutions after launching cash deposit automated teller machines (ATMs). BBTL Head of Products, Segments and Retail Strategy, Mr Musa Kikoi, said i-ATMs launched on Wednesday were a range of digitally advanced ATMs capable
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorized international remittance service providers in Kenya. In 2014, remittance inflows to Kenya increased by USD 137 million or (11 percent) to USD 1,428.5 million compared with USD 1,290.6 million in 2013.
The KCB Group has emerged the winner for Africa’s premier social and digital media awards, cementing its position as the region’s leading financial institution. The largest Bank in the East African region by asset base and branch network was named the winner for “Best Use of Social Media by a Financial Institution in Africa” during
Stanbic Bank Uganda Limited (Stanbic Uganda) has signed a US$85 million, eighteen month term loan facility in Dubai on 28 January 2015. The transaction, which is a debut Stanbic Uganda transaction was launched in an amount of USD 75 million and an over subscription of USD 15 million was obtained, thus allowing a final take
Airtel Tanzania has unveiled a Near Field Communication (NFC) payment service, that enables holders of Airtel Money accounts settle bills using their cards. Airtel Money Director, Mr Aijaz Khan, said “technology is dynamic. It is key to keep up with emerging global trends by introducing innovative services that will suit the ever growing customer demands.
Stanbic Bank Uganda Limited Board of Directors announced Patrick Mweheire as the bank’s new Chief Executive & Managing Director. Mweheire previously held the position of Executive Director and Head of the Bank’s Corporate and Investment Banking (CIB) Division. “During this time of innovation and transformation, the Board is confident that Patrick Mweheire is the best
