The agency banking that was approved by the central bank some two years ago is a platform used by over six banks including, CRDB bank, Postal Bank, Equity Bank, DCB Bank and Maendeleo Bank. CRDB Bank Managing Director Charles Kimei said for instance agents under FahariHuduma managed to increase open over 6,000 new accounts. “Though
Dar Es Salaam Stock Exchange (DSE) has positively received CRDB Bank right offer pushing its share price up by 1.2 per cent in a week to 420/- up from 415/-, after shareholders approved the issue. Tanzania Securities Weekly Commentary shows that bank counter accounted for 36 per cent of the total turnover and 99 per
The shareholders of Equity Group Holdings (formerly Equity Bank Limited), have approved a raft of resolutions to set the foundation for the firm’s pan African expansion initiative The approvals, which were secured during the firm’s 11th Annual General Meeting (AGM) held today now places the Group on the path of a continental expansion of its
Verifone announced that Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, has approved Verifone’s Secure Commerce Architecture (SCA) solution for connecting Verifone’s line of commerce-enabled MX 900 payment terminals directly with Vantiv’s class leading processing platform. Vantiv’s support of SCA ensures that
The European Investment Bank (EIB) has approved a € 50 million credit line to Equity Bank to facilitate onward lending to Small and Medium Enterprises across the region. Speaking at the signing of the facility, Equity Bank Group Managing Director Dr. James Mwangi said, the funds received will be commercially advanced to eligible SME players
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit equivalent in Nigerian Naira to LAPO Microfinance Bank in Nigeria. LAPO MfB is the largest microfinance bank in Nigeria with 1.1 million clients and 327 branches currently
eBay Inc. said its Board of Directors, following a strategic review of the company’s growth strategies and structure, has approved a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions. Creating two standalone businesses best positions eBay and PayPal to capitalize on their respective
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