Bank of Africa Deploys Credit Risk Management Solution for EA

Posted on by wademinnie | 9180 Views | 6 min read

Bank of Africa subsidiaries in Kenya, Uganda and Tanzania will from now on use a new credit management system in a bid to curb losses that arise from defaulted loans. Known as CreditQuest, the software is from Swiss-based banking and IT consulting firm SOFGEN and will enable the bank to have a centralised view of

Bank of Africa Kenya Launches M-Chama for Investment Groups

Posted on by wademinnie | 9727 Views | 9 min read

Bank of Africa-Kenya has launched a new service that allows members of investment groups, known locally as ‘chamas’, to transact on their mobile phones. The product that is known as M-Chama will be rolled out in partnership with mobile phone service providerSafaricom. It seeks to leverage on the wide reach of mobile phones in the