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Eastern Africa

AFRRI 2017 Financial Services in Africa: Disruption vs Leapfrogging

The 2017 African Financial Retail Readiness (AFRRI) Report looks at the relationship between technology and financial retail services in Africa. Produced by Calleo, a South African based marketing consultancy, in consultation Read More →

UnionPay QRC Product Debuts in Africa Region

UnionPay and KCB jointly announced that they are bringing QRC Payments to the people of Kenya. UnionPay International is accelerating the promotion of UnionPay QR code payment in markets outside Read More →

CBK Governor Dr. Patrick Njoroge is 2018 Central Banker of the Year in Africa

The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has been recognised as the Central Banker of the Year, Africa by the prestigious The Banker Magazine, a publication Read More →

Barclays Africa Group and Frontclear Partner to Develop Africa’s Interbank Markets

Barclays Africa Group Limited (BAGL) has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility. The contribution reflects the Read More →

Central Bank of Somalia and Somali Financial Institutions Work to Modernize Banking Sector

The Central Bank of Somalia (CBS) and Somali Financial Institutions (SFIs) are taking crucial steps to modernize national payments systems. Supported by the World Bank, the CBS and private financial Read More →

Mastercard Launches Kionect for Nairobi’s Smallest Shopkeepers

Mastercard has unveiled Kionect, a digital ordering system that empowers small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS. Orders submitted via a feature Read More →

Paysafe Partners with Ethiopian Airlines to Enable Mobile Payments

Ethiopian Airlines, one of the largest airlines in Africa, has partnered with Paysafe, a global payments provider, to offer customers the option of paying via Skrill and NETELLER digital wallets. Ethiopian Read More →

TransUnion Launches Mobile Credit Reporting Platform in Rwanda

TransUnion Africa, a provider of global information solutions for assessing and managing risk, has launched Menyesha, a mobile credit reporting platform, to specifically cater to the Rwandan market. Menyesha, literally "Inform Read More →

Mastercard and FSD Uganda Partner to Develop Financial Services

Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services. Not only is this not safe, but Read More →

FINCA Accelerating Financial Inclusion Through FinTech Innovation in Tanzania

According to the 2014–2016 Tanzania National Financial Inclusion Framework the level of formal financial access in the rural areas of Tanzania is 8.5% compared to 23% in the urban areas Read More →

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