Equity Bank Group’s investment banking subsidiary-Equity Investment Bank-has announced the signing of a collaborative agreement with global investment services firm, Exotix Partners LLP, as part of its market development strategies. The signing of the agreement, will allow the two Investment Banking players to collaborate closely on their respective research, sales and trading platforms. Based in
In line with its strategic objective of transforming lives through financial inclusion, leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands. The new tariffs, which are set to take effect from Thursday 21st August, 2014, will
Kenya’s Co-operative Bank has launched a mobile banking service, allowing customers to conduct all their banking via their phones. The service – named M-Co-op Cash – will enable customers to open bank accounts, apply for loans, transfer funds, make utility payments, top-up airtime, as well as make mobile cash withdrawals, reports Business Daily. The bank
Kenya’s government is to launch a digital payment system targeted at promoting accountability for payments within government departments, as well as for payment of government suppliers. Speaking at the launch of the National Treasury’s Integrated Financial Management Information System and e-procurement initiative, president Uhuru Kenyatta said the new payment system will enhance prudence and excellence
Ethiopian Airlines, the fastest growing and most profitable airline in Africa, has partnered with payment leader Worldpay to streamline its business transactions and meet the needs of its global customer base. Ashna Bhawan at Worldpay worked with Ethiopian Airlines to implement a customized payment solution that integrates with Ethiopian Airlines’ sales channels and Sabre Reservation
Kenyan startup Kopo Kopo has launched external bank transfers, giving their clients another option of withdrawing funds aside from through their Kopo Kopo account to a bank account or M-Pesa wallet. “It should now be easier for you to pay suppliers, landlords, utility providers – you name it! At your request, we’ll transfer the amount
Twiga Bancorp has announced plans to fully incorporate internet and mobile banking before end of this year to widen access and convenience to customers. The Bank’s Acting Chief Executive Officer, Mr Wallace Msemo, told the ‘Daily News’ in an exclusive interview here during the just ended Nane Nane exhibitions that the software developers were expected
The Group Managing Director/CEO, UBA Plc Mr. Phillips Oduoza has called on financial institutions in Africa to seize the opportunity provided by the President Obama led US-Africa Business Leaders Summit and the enthusiasm about Africa, to grow capacity. According to him, much of the challenges of financing growth and development on the continent lie in
Safaricom Business has partnered with innovative mobility solutions developer- Virtual City, to launch an application that will enhance service efficiency for the Fast Moving Consumer Goods sector. M-Distributr is a mobile app that is available on android devices, enabling sales teams and businesses keep real-time track of sales transactions and deliveries, place orders, and collect
Airtel Africa has entered into a partnership with BGFIBank, a financial services institution present in 10 countries, to expand mobile money access to the bank’s customers. The partnership will see Airtel Money become accessible to BGFIBank customers in Gabon, Republic of Congo, Democratic Republic of Congo and Madagascar. Through the agreement, Airtel Money customers that
