Parliament passed the Tanzania Postal Bank (TPB) (Repeal and Transitional Provisions) Act, 2015 which paves the way for the bank to transform and reclaim its former glory. Deputy Minister for Finance, Mr Mwigulu Nchemba, told the House that the Act seeks to incorporate the bank under the Companies Act in line with the Banking and
In the era of information, the bank with the most actionable insights is the winner. The age of “Big Data” has begun to slowly filter through into the banking environment, with banks being able to design customer-centric solutions using statistical models and information gathering techniques. So, just, what is Big Data? The term refers to
Kenyan startup Kopo Kopo has launched external bank transfers, giving their clients another option of withdrawing funds aside from through their Kopo Kopo account to a bank account or M-Pesa wallet. “It should now be easier for you to pay suppliers, landlords, utility providers – you name it! At your request, we’ll transfer the amount
In its most recent survey of web users, Alexa (www.alexa.com) noted that FNB was the only banking website in the top 10 sites in Africa and was the most popular banking website on the continent. Typically, national or regional news-based websites dominate the top 10. As a specialised banking site primarily aimed at the bank’s
Equity Bank Group’s profits after tax jumped 22 percent to Kshs 3.21 billion from Kshs 2.63 billion posted within the same period last year. Despite a challenging business environment characterized by uncertainty from the recent general elections and falling interest rates, prudent cost and risk management saw Equity Bank’s total income rise by 13 percent
Centenary Bank of Uganda has unveiled CenteMobile, a mobile banking service for its customers. The service supports funds transfers, account and statement queries as well as airtime purchases and bill payments. It can be accessed on all mobile networks including MTN, Airtel, Warid, Orange and Uganda Telecom. The service is supported for both simple and smart phones.
FNB Mozambique has been awarded the PMR.Africa Golden Arrow award 2013 for Personal Banking Excellence. The awards were conferred by PMR Africa (Performance Management Review), a research consultancy, at an awards ceremony held in Maputo yesterday. Rated by over 150 CEOs, MDs, business owners, company directors, and Government officials based in Mozambique, the award recognizes
Global Finance magazine, in their yearly exclusive survey, has just announced the World’s Best Emerging Markets Banks for 2013. Winners are assessed and selected by Global Finance editors, industry analysts, corporate executives and banking consultants. Decisions are based on growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. Included in this report are the