Financial Infrastructure

Kenya: NSE Upgrade to Enable Kenyans Borrow and Lend Each Other Shares


 | Source: The EastAfrican; All Africa

Kenyan investors will be able to lend and borrow shares from each other from June, with the NSE set to roll out a system upgrade to accommodate the product within the next five months.

East Africa: Why Kenya Opted Out of EAC Project to Link Stock Markets


 | Source: The EastAfrican; All Africa

Kenya has opted out of the East African capital markets integration (CMI) project that is to be effected later this year in a bid to make trading in shares quicker and cheaper.

Nigeria: Banks Spend N34.2 Billion On IT, E-Business Infrastructure


 | Source: The Guardian; All Africa

Given the drive to support the Central Bank of Nigeria (CBN) policy on cashless society and leverage on Information Technology, a total of eight deposit money banks have spent N34.2 billion on IT and electronic business infrastructure in nine months ended September 30, 2017, according to Leadership.

Kenya: KCB to Secure Accounts With Fingerprint, Voice Identity


 | Source: The Nation; All Africa

KCB Group #ticker:KCB is set to introduce a biometric access system that will allow customers to use their fingerprints and voice to securely log into their accounts, including getting services at ATMs.

Morocco forbids crypto currency


 | Source: Ecofin Agency

The Office national des changes du Maroc and the Central Bank prohibited all e-currency related transactions. The two institutions claim crypto-currencies are “opaque”.

Ethiopia: ECX to Introduce New Electronic Market Platform


 | Source: The Ethiopian Herald; All Africa

Ethiopian Commodity Exchange (EXC) is set to put in place, E-auction, a new electronic bidding and marketing platform,in what it said would make export trade effective, efficient and transparent.

Uganda: BOU to Approve Bank Agents


 | Source: The Monitor; All Africa

Bank of Uganda (BoU) is likely to approve bank agents in two weeks, BoU director for commercial banking Benedict Sekabira has said.

Kenya: Bank Agents Boosted By Cash Transfer Programme


 | Source: The EastAfrican; All Africa

The Kenya government's decision to appoint bank agents as its paypoints for cash transfer programmes for the poor, the elderly and the disabled last year increased the number of their transactions by over 1,200 per cent.

Ghana: The Evolution of Digital Banking in Ghana


 | Source: Business Day Ghana; All Africa

Digital or electronic banking (e-banking) is believed to be providing an efficient and more reliable platform for banks and their customers to transact business with ease.

Malawi: Finding Relief Through Mobile Banking Services On Likoma Island


 | Source: Malawi News Agency; All Africa

Mo626 is a National Bank of Malawi's mobile phone service that enables its customers to do money transactions via mobile phones.

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