First National Bank (FNB) has opened a branch at Mbezi Beach in Dar es Salaam, bringing the number of branches in its network in the country to eight. “We are delighted to open our new branch at Mbezi Beach which is the eighth amongst the branch network as part of our strategic plan to expand
Regional banking solutions provider, Equity Bank Group’s Tanzania subsidiary, has sealed a partnership with the Tanzania Revenue Authority (TRA) allowing tax payers in Tanzania to pay all their taxes through its network. The new tax settlement avenue will be available for all TRA clients including non- Equity Bank account holders. By fostering such a partnership,
Agents of Kenya’s M-Pesa mobile money service received KSh.10.6 billion in total commissions for the year to March 2014, up almost 25 per cent on the previous year, although individual agents earn less as more agents join the network. According to a report by Business Daily, Safaricom spends KSh.40 out of every KSh.100 generated from
The Communications Authority of Kenya (CAK) has ruled in favour of Airtel after the company accused its rival Safaricom of anti-competitive practice, a move coming weeks after Safaricom had decided to open up the network. The CAK has also prohibited the mobile operator from levying extra charges on competitors using its network. This brings to
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