Financial Infrastructure

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.

Ethiopia: Commercial Bank Ready to Launch Agent Banking


 | Source: Addis Fortune; All Africa

The State owned giant, Commercial Bank of Ethiopia (CBE), is set to launch agent banking, CBE Birr, next month. It has already gotten approval from the National Bank of Ethiopia (NBE) to pilot the system.

Nigeria: Union Bank Unveils Innovations On Digital Banking Platforms


 | Source: Daily Trust; All Africa

Union Bank has unveiled a plethora of digital banking solutions which will allow customers perform banking transactions through short code messaging on their mobile phones.

Ethiopia: NCR Sells 200 ATMs to State Giant


 | Source: Addis Fortune; All Africa

The Commercial Bank of Ethiopia (CBE) has bought 200 Automated Teller Machines (ATMs) from NCR Corporation, raising its machines to over 1,500. The procurement is estimated to cost the Bank over 30 million Br.

Zimbabwe: 'Let Market Determine Bond Note Value'


 | Source: The Herald

Zimbabwean monetary authorities should let the market determine the true value of the bond note currency to curb its externalisation and in turn reduce cash shortages, a leading economist has said.

Ethiopia: ECX Stretches With Widened Scope


 | Source: Addis Fortune; All Africa

The proclamation will enable ECX to manage future, forwarding and managing contracts of non-agricultural products.

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