Financial Infrastructure

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.

Africa: What the G20 Said on Africa


 | Source: All Africa

Excerpts most directly applicable to Africa drawn from the declaration of leaders of the G20 nations, issued after the leaders' summit in Hamburg on July 7 and 8

Zimbabwe: Zimpost Offers Low-Cost Money Transfer Service - Zipcash


 | Source: The Herald; All Africa

Zimpost offers a variety of financial services at all post offices nationwide. These range from mobile money transfer services to agency banking services.

Uganda: Agency Banking Will Deepen Financial Inclusion


 | Source: The Observer; All Africa

Agency Banking is one of the new provisions of the Financial Institutions (Amendment) Act 2016 and will be a key driver of increasing financial inclusion in Uganda.

Kenya: Cost of Credit Platform to Give Borrowers Wider Choice


 | Source: Daily Nation; All Africa

The Central Bank of Kenya (CBK) and Kenya Bankers Association (KBA) have set up a website on which all banks will publish the cost of their credits to resolve the information asymmetry faced by customers.

Africa: Why Bank of Uganda Reinforces Regulation of Pan-African Banks


 | Source: The Monitor; All Africa

This is to enable regular and proactive interaction and sharing of information on these institutions.

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