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
Absa Bank Limited is pleased to announce that it has completed the acquisition of approximately 850 ATMs and all related franchise agreements from the Bytes Managed Solutions division of Bytes Technology Group South Africa (Pty) Ltd (“Bytes”). Absa entered into an agreement with Bytes, which is a wholly-owned subsidiary of JSE-listed Altron Group, to acquire
A new bank, China Commercial Bank, has been granted a provisional banking license to operate in the country. According to the Bank of Tanzania , the new bank has no banking affiliation with another bank in China or Tanzania. The BoT Governor, Prof. Beno Ndullu said the CCB has been formed by Chinese and Tanzanian
SkyVision Global Networks Ltd, a leading global communications provider, announced the successful implementation of the first phase of its project with the Bank of Africa Burkina Faso, the country’s second largest financial institution. The project included implementing a full communications solution through the SkyVision VPN service, connecting BoA headquarters in Ouagadougou to its branch offices
Ghana’s Fidelity Bank has signed a five year deal with IBM for the management of all the bank’s technology infrastructure and services, as the bank seeks higher efficiency to support its growth plans for new markets, services and products. Fidelity Bank said the aim of the deal – which was announced today at the US
Barclays Bank Tanzania has launched service guarantee product, an initiative geared to improve customers’ experience at the bank in the country. Speaking at the launch in Dar es Salaam, Barclays Head of Products, Segments and Retail Strategy & Acting Retail Director, Mr Musa Kitoi, said with the service guarantee initiative, the bank commits to provide
Africa offers multinationals in the United States a compelling trade and investment opportunity thanks to the rapid economic growth rates being experienced across the continent along with burgeoning population growth and increasing urbanization. Economic growth in sub-Saharan Africa has exceeded 5% a year for more than a decade now giving the continent a 4.1% share
Presence of Habib Mohamed D. Habib as board member of London based Habib Bank Limited and Dar es Salaam based Habib African Bank Limited, has no legal problem. Bank of Tanzania Governor, Professor Benno Ndulu said Mr Habib who is board chairman of the local bank and director of the London based bank in which
Barclays Africa is on track to meet growth commitments, achieves strong financial momentum. Barclays Africa Group Limited released its interim results on 30 June. The Group is on track to deliver on the ambitious targets laid out at its annual results in February. Financial results for the six months ended 30 June 2014 reflect a
