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Eastern Africa

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 →

Central Bank of Kenya Receives Acquisition Offer for Chase Bank Limited

Central Bank of Kenya and Kenya Deposit Insurance Corporation have announced that they have received a non binding offer from SBM Holdings Limited with respect to Chase Bank (Kenya) Limited, as Read More →

Visa and Uber to Offer a Seamless Payment Experience in a Multi-Year African Partnership

Uber and Visa have announced a strategic agreement that aims to grow digital commerce across Africa, with the first launch in Nigeria last month the new promotion will now be Read More →

M2M, Key to Unlocking Economic Inclusivity and Innovation in Africa

As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This Read More →

CBK Grants Authority to Société Générale of France to Open Representative Office in Kenya.

The Central Bank of Kenya (CBK) announces the granting of authority to Société Générale (SG) of France to open a Representative Office in Kenya. The authority was granted pursuant to Read More →

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