A study by Juniper Research points to Africa as the global leader for mobile money transactions and forecasts the industry’s worldwide annual revenue to grow to US$4bn by 2018
Finance
Renewing the core – the FCMB story
As African banks look to expand across the continent, the consolidation of systems and processes is fast becoming a priority
New international bank starts operations in Somalia
Premier Bank in Mogadishu held its opening ceremony in the presence of numerous government officials, including President Hassan Sheikh Mohamud
Mobile money transfer deal signed in Rwanda
MTN Rwanda and Western Union have started a new service that will allow remittances from abroad using MTN subscribers’ mobile phones
Ecobank shows strong performance in 2014
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has ended the year ended 31 December 2014 with US$24.2bn in total assets and US$2.7bn in equity