The Commercial Court of Abidjan ruled that Dr Daniel Matjila a director of Ecobank Transnational Corporation (ETI) and Chief Executive Officer of Public Investment Corporation of South Africa (PIC)), along with PIC and ETI are jointly liable for defamation against Mr Thierry Tanoh, a former Group CEO of ETI. The court ordered that the three
While consumers are very concerned about safety and security around electronic payments they also have a strong expectation that it should be convenient and fast to pay for what they want. This was a key point of discussion at a fraud and processing workshop hosted by MasterCard in Johannesburg. Addressing this, Johan Gerber, Group Head,
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
Guaranty Trust Bank Plc, has been awarded ‘Best Corporate Governance, Africa’, for the Financial services category by the Ethical Boardroom Magazine UK. The ‘Corporate Governance Award’ organized by Ethical Boardroom magazine recognizes outstanding companies who have exhibited exceptional leadership in the area of governance and professional ethics to ensure protection and long-term value for all
South Africa is making significant headway in furthering financial inclusion, according to a new MasterCard report entitled “A Progressive Approach to Financial Inclusion.” The report explores the progress that 30 developed and developing countries have made in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and
The year 2014 marked a particular point in the adventure of the No. 1 online retailer in Côte d’Ivoire, which started in June 2013. In 2014 Jumia has striven with passion and determination to shake consumers’ habits, and deliver happiness to Ivoirian households. We have selected 10 reasons for you to be “Jumiaddicted”. 1. 30
goSwiff, a global mobile commerce and marketing services provider, announced that their mPOS platform has been certified for the Nigerian market, to support Nigerian government’s “Cashless Nigeria” initiative. The Central Bank of Nigeria aims to reduce the amount of physical cash circulating in the economy, and encourage more electronic-based transactions. goSwiff mPOS will enable merchants
THE National Bank of Commerce (NBC) announced the appointment of Dr Kassim Hussein, as interim chairman of the bank’s board of directors. Dr Hussein fills the position left vacant by Professor Mussa Assad who was recently appointed Controller and Auditor General (CAG). NBC Interim Managing Director, Mr Pius Tibazarwa, said in a statement that Dr
The African Development Bank (AfDB) and MasterCard announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration seeks to develop solutions that drive inclusive growth in Africa by broadening access and usage of digital financial services. MasterCard brings proven expertise to design and scale inclusive financial services solutions and
The Payments Association of South Africa (PASA) has mandated that all South African ecommerce merchants must ensure the implementation of 3D Secure on their sites. The deadline for compliance was 28 February 2014 and PASA says they are “committed to ensure a robust and consistent implementation.” According to PASA the compliance penalty approach was recently
