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
The cheque clearing system goes digital at the end of this week, in a move aimed at increasing efficiency in effecting payments, where transactions are going to be settled within a day, the central bank has said. The new system, designed to take off on Thursday, called Tanzania Automated Clearing House (TACH) is an electronic
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, has been conferred with the 2013 Africa “Central Bank Governor of the Year” Award by the renowned IC Publications Group, in collaboration with Business in Africa Events, at Marrakech, Morocco. The Central Bank Governor’s Award, which is the third for Sanusi
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