Nigerian e-commerce platform Konga.com has been declared the winner of the Most Innovative and Impactful Retail Award by the Lagos Chamber of Commerce and Industry. Gabriel Gab-Umoden, head of marketing of Konga.com, collected the award on behalf of the company. “On behalf of Konga.com CEO Sim Shagaya and the entire team, we wish to thank
WorldRemit has expanded its service in Uganda to enable customers to transfer money to mobile wallets. The global online money company, which recently secured a $40 million investment from Accel Partners, will provide this new service to increase the pay-out options available to customers sending money to Uganda. Up until now, customers have been able
M-PESA customers will now be able to make mobile banking transactions instantaneously. This follows a system upgrade to the Application Programmable Interface (API) which has resulted in a reduction of transaction time from an average of 2 hours to less than 30 seconds. This will in effect help entrench the move towards a cash-lite society
While banking and payments is still considered a mainly a ‘boy’s club’ with few women holding top positions both in Africa and internationally we thought we would highlight some of the woman who are making their mark in the African banking and payments landscape. 1. Maria Ramos – Chief Executive of Africa, Barclays Maria Ramos
Ooredoo has announced that it has committed to the GSMA’s Mobile Money Interoperability (MMI) programme to accelerate the implementation of interoperable mobile money services across Africa and the Middle East. Ooredoo joins a group of operators in supporting the programme, who together represent 582 million mobile connections across 48 countries in Africa and the Middle
Tanzania’s CRDB Bank Managing Director, Dr Charles Kimei, has been shortlisted alongside six other nominees for the prestigious African Banker of the Year Award. A statement issued by the London-based African Media Agency made available to this paper, said the nominees have been picked out for their outstanding performances. Contestants for the title include Bisi
Kenya Commercial Bank (KCB) has declared plans to follow rival Equity Bank into the telecoms market after announcing a first quarter profit increase of 28.6 per cent. It was reported last month that Equity Bank was one of three firms to have been granted mobile virtual network operator (MVNO) licences by the Communications Commission of
NMB Bank launched ‘Jihudumie Campaign’ geared at offering customers all services that are accessible through the bank’s self-service channels. With ‘Jihudumie,’ NMB customers will be offered with an instant account opening that will allow them to conveniently deposit and withdraw money through self-service channels. The NMB Chief Executive Officer, Mr Mark Wiessing, said at the
MTN Rwanda has partnered with Tele10 to enable customers to pay their DStv, Canal+ and GOtv subscriptions using MTN Mobile Money. At a press conference to announce the partnership, Norman Munyampundu, general manager of MTN Business, said to use the service customers need to have a DStv, Canal+ or GOtv account and be a registered
The National Microfinance Bank has been named the best bank in Tanzania in the East African Bank Awards for 2014. In the awards ceremony held here on Wednesday evening, Stanbic Bank won the first runner up position for Tanzania and the young and fast upcoming Bank M was named the third best in the country.
