MoneyGram, a global provider of innovative money transfer services, and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The new offering means that more than 4.9
Mukuru announced it had entered into partnership with Malawi Posts Corporation (MPC) to allow for easy access of remittances to Malawi. The partnership will allow for Mukuru customers in Malawi to easily collect cash sent from South Africa, the UK, Canada and European Union from any of the 182 Post Offices across Malawi. This brings
Standard Bank Group, which trades as Stanbic Bank in Tanzania, and Africa’s leading bank by assets, collected 22 awards in Finance’s Treasury Services and Global Finance’s World’s Best Bank Awards for 2015. The firm said in a statement that the awards were presented at the Sibos conference in Singapore. Mr Hasan Khan, Standard Bank’s Head
South African-based enterprise payments platform provider, Nomanini, has raised an undisclosed round of funding from impact investment firm Goodwell Investments. The investment in Nomanini is the second on-the-ground investment made by Goodwell Investments in South Africa from its EUR 50 million uMunthu fund, which is targeting startups and high growth companies in the financial inclusion
President Jakaya Kikwete has inaugurated 65 million US dollars (140bn/-) worth state-of-the-art National Microfinance Bank (NMB) building and pledged continued government support to the bank’s efforts to promote financial inclusion. The modern building with capacity to accommodate over 1000 staff, modern rooms, canteen to cater for all staff and modern private bank proves the solidity
Mozido Africa, a subsidiary of Mozido, Inc., announced the opening of its African headquarters in Johannesburg, South Africa. This represents a key milestone in the expansion of Mozido and the company’s commitment to the continent of Africa. Africa has some of the fastest growing mobile money markets worldwide. Providing African consumers access to Mozido’s innovative
NCR Corporation, the global leader in consumer transaction technologies, announced that Commercial Bank of Ethiopia (“CBE”), the leading bank in the country, has upgraded its ATM management system to NCR APTRA Vision, a multi-vendor self-service management solution. CBE will manage its entire network of more than 1,200 multi-vendor ATMs using NCR APTRA Vision to proactively
Deutsche Bank and Ecobank Nigeria LTD announced the signing of a Memorandum of Understanding (‘MOU’) to expand their trade finance relationship. Under the terms of this MOU, Deutsche Bank will provide export credit guarantee program GSM-102 to Ecobank Nigeria. The Bank’s offering of a GSM-102 program will guarantee credit to encourage financing of commercial exports
FNB Islamic Banking is proud to announce that its Chief Executive Officer, Amman Muhammad, has been awarded the prestigious “Upcoming Personality in Global Islamic Finance – 2015” award and title at the Global Islamic Finance Awards (GIFA) 2015 gala event that was held in Manama, Bahrain recently. The GIFAs recognise and celebrate the success and
Mukuru, an African focused remittance company, has recently launched a storecard in Zimbabwe in partnership with local retailers Halsteds and Electrosales. Mukuru users in South Africa will be able to send US Dollar credit onto a Mukuru Storecard for their recipient who can then use the card to shop at a discounted rate in partner
