Financial Infrastructure

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.

Uganda: new report cautions banks on agent banking


 | Source: The Monitor; All Africa

The study also shows that almost 80 per cent of the potential market is in rural areas and as such costs will play a great role in determining the success of this model.

Tanzania: Mobile money transfers account for 47% of GDP


Within a decade, mobile money exceeded the small network laid by banks to extend financial services to the vast majority of poor Tanzanians.

Swaziland: Government pressing to add depth and liquidity to stock market


The nation is in the process of reorganizing the stock market in a bid to trigger greater efficiencies

Uganda promotes law to allow movable assets as collateral


The law will allow clients to use movable assets as security to access credit.

Kenya: Six banks get approval to launch mobile money platform


The platform will interconnect all banks, cut transaction costs for the banks.

Visa, Atlas Mara partner to promote cashless transactions in Africa


The partnership will offer a suite of digital and mobile solutions across Africa.

Wari and Mastercard agree to promote the use of electronic money in 35 markets


These solutions will strengthen the digital payment ecosystem offered by Wari

African banks to invest $3 billion in fintechs in 2020, says PwC


They spent $200 million in 2014.

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