Shaping the Future of Banking in Africa With EFT Corporation

Last year, the World Economic Forum called Africa the “world leader” in digital and mobile banking. There’s no doubt that banking in Africa has undergone significant changes in the last few years and that it will continue to change and grow in the coming years. How can business leaders prepare for this? How has the

Bank of Mauritius warns against misusing Debit Cards, OTPs, and Money Muling

The Bank of Mauritius (Bank) wishes to draw the attention of the public regarding the misuse of debit cards and One-Time Passwords (OTPs) for internet banking and online transactions. These cases relate to a form of money laundering known as “money muling”. Money muling is a criminal activity whereby fraudsters (usually phishers) entice people, often

A New Framework for the Conduct of Monetary Policy by the Bank of Mauritius

The Bank is introducing its new Monetary Policy Framework (MPF) effective 16 January 2023. The new framework is expected to address the deficiencies of the existing one and help to further strengthen monetary policy operations and the monetary policy transmission mechanism. The existing framework lacked a clearly defined nominal anchor and needed to be aligned

Bank One Unveils its New Range of Premium Mastercards, Giving Customers Access to Priceless Travel and Lifestyle Benefits

Bank One announced today its partnership with Mastercard to roll out its whole new range of world-class debit and credit cards. The bank officially unveiled the new cards menu during a cocktail organized at Domaine de Labourdonnais in Mapou, on Friday 4 November 2022, in the presence of its customers, collaborators and the Mastercard team.

Sage Brings Award-Winning Sage Intacct to Namibia, Botswana and Mauritius

Supporting visionary CFOs and finance professionals with a new cloud financial management platform  Sage (, the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses, launched Sage Intacct in Namibia, Botswana and Mauritius today. The award-winning cloud financial management solution provides finance teams with the insights and automation they need to

Fitch Rates Bank One ‘BB-‘ with a Stable Outlook

The rating provides both investors and customers with an independent and verified view of Bank One’s credit standing Bank One ( is pleased to announce that it has received a Long-Term Issuer Default Rating (IDR) of ‘BB-‘ with a Stable Outlook from Fitch Ratings for its first rating exercise. The rating was made public by

Carrick adds Zambia to growing Suite of African Offices

Carrick Wealth has received its investment license to operate in Zambia, a development which will bring positive benefits to the region. This marks the company’s fifth African country in its growing suite of offices, with presence already established in South Africa, Mauritius, Malawi and Zimbabwe, and shows that Carrick’s bold African expansion plans are taking

The Mauritius Commercial Bank (MCB) Upgrades its Dubai Presence to Build Stronger Bridges between Africa and Global Markets

This expansion of the MCB’s scope to the Middle Eastern region is aligned with its mandate to further facilitate transactions to and from Africa The Mauritius Commercial Bank (MCB) ( announces that it has been licensed by the Dubai Financial Services Authority to provide Advising and Arranging services. Mr Sebastian Graewert has been appointed as

Bank One Elite Banking awarded “Best Mass Affluent Banking Offering” for its Cross-border Services

The “Best Mass Affluent Banking Offering” title recognises the efforts of Bank One in serving mass affluent customers Bank One ( announced that it won the Best Mass Affluent Banking Offering award in the Service Innovations category at the Global Retail Banking Innovation Awards 2021 (GRB21) organised by the Digital Banker. Every year, The Digital

CR2 Continues to Drive Innovation as Cardless ATM Access Goes Live in Eight Countries

It’s a major concern for banking customers worldwide in this time of a global pandemic – how can they access their daily banking needs without touching surfaces such as ATMs?   CR2 ( enables you to respond to these concerns and allow your banking customers to withdraw cash without physically touching the ATM, by simply