Kingsmead Junior School Acquires New Bus Courtesy of MyCredit ‘Kuza Elimu’ Financing Initiative
Kingsmead Junior School has received a major boost in its transport system following the acquisition of a brand-new school bus, courtesy of the “Kuza Elimu” financing initiative by MyCredit Limited. The new zero-mileage bus is expected to ease student transportation, improve safety, and enhance punctuality—ultimately contributing to a better learning experience for all. Across Kenya, […]
5 Women Redefining Leadership in Kenya’s Banking Sector
As the world marks International Women’s Day, we celebrate four extraordinary women who are transforming Kenya’s banking sector. In an industry long dominated by men, these leaders have not only shattered glass ceilings but also paved the way for future generations through innovation, resilience, and strategic leadership. Their remarkable careers exemplify the power of determination […]
Airtel Money Global Pay Card: Benefits and How Ugandans can use the Card
Airtel Uganda has launched the Airtel Money Global Pay Card in partnership with Diamond Trust Bank (DTB), Mastercard, and Network International. The introduction of this virtual payment solution is set to boost Uganda’s financial sector, enabling safe, easy, and borderless digital transactions. The card was officially unveiled at the Golden Tulip Hotel in Kampala. What […]
KCB Bank, Bank of Kigali Launch PAPSS
KCB Group and Bank of Kigali have officially launched the Pan-African Payment and Settlement System (PAPSS), a transformative financial infrastructure aimed at enhancing cross-border transactions across Africa. The launch was facilitated by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat. The […]
Bank of Namibia Set to Introduce New Banknotes and Coins
The Bank of Namibia (BoN) has announced plans to introduce a new series of banknotes and coins in June 2025. This initiative, revealed by Governor Johannes !Gawaxab, aims to enhance security, durability, and national representation while ensuring a smooth transition for Namibian citizens. The Bank of Namibia’s new banknotes and coins will officially enter circulation […]
Stanbic Bank Profits after Tax Rise to Ksh 13.72bn in FY 24
Stanbic Bank has reported a 12.82% increase in profit after tax for the full year 2024, rising to Ksh 13.72 billion from Ksh 12.16 billion in 2023. The profit growth was achieved despite a decline in income compared to the previous year, supported by lower operational costs and reduced credit impairment charges. Shareholders’ funds increased […]
Virtual Card by MoMo: Benefits and How to Get Started
MTN Mobile Money (U) Limited, in collaboration with Mastercard, Diamond Trust Bank, and Network International, has introduced the Virtual Card by MoMo, a revolutionary digital payment solution aimed at enhancing financial inclusion and digital accessibility in Uganda. This innovative card allows MTN MoMo subscribers to perform secure online transactions without the need for a physical […]
Loan Apps in Kenya with Over 1 Million Downloads on Google Play Store
Kenya’s digital lending market has seen significant growth, with mobile loan apps becoming a popular financial solution for many. Several loan apps have surpassed the 1 million download mark on Google Play Store, providing quick and convenient credit access to users. The loan apps in Kenya with over 1 million downloads on Google Play Store […]
How to Apply for the CIB East Africa Credit Analyst Program
The Commercial International Bank (CIB), in collaboration with the Kenya Bankers Association (KBA), has launched a new cohort of the CIB East Africa Credit Analyst Program. This initiative aims to develop young professionals in Kenya’s banking and finance sectors, equipping them with essential skills and practical experience to navigate both local and global financial markets. […]
Bank of South Sudan Launches First National Instant Payment System
The Bank of South Sudan (BoSS) has announced the launch of the country’s first National Instant Payment System (NIPS) in partnership with the AfricaNenda Foundation. The launch of NIPS comes after a successful proof-of-concept phase in 2023. South Sudan has long struggled with an underdeveloped banking sector, where over 6 million adults lack access to […]