African Financial Sector News

Financial markets: Cooperation and information exchange agreement between CMF and COSUMAF

17.04.2018

 | Source: Financial Afrik

A new step towards the construction of a single regional financial market, in execution of the decision of the Extraordinary Session of the CEMAC Conference of Heads of State of 31 October 2017 in N’Djamena, Chad, on a unique financial market.

Morocco: Banque Centrale Populaire Group Launches BPAY Mobile Payment Solution

17.04.2018

 | Source: Financial Afrik

Engaged in the framework of the national strategy of financial inclusion, the group Banque Centrale Populaire launches, this Monday, April 16th, its solution of mobile payment “BPAY”.

Tanzania: Insurance Campaign Targets Students

16.04.2018

 | Source: Tanzania Daily News; All Africa

Tanzania Insurance Regulatory Authority (TIRA) has extended its special awareness raising programme among students in various colleges to curb phony business in insurance in Central Zone regions.

PayPal, Safaricom and TransferTo Announce Collaboration in Kenya

13.04.2018

 | Source: Financial Afrik

New service enables global e-commerce on the African continent and allows M-PESA users in Kenya to shop with PayPal merchants worldwide and allow Kenyan online businesses and freelancers to sell securely and transfer funds between their PayPal and M-PESA accounts.

COFINA launches its first securitization of receivables amounting to 10 billion CFA francs

13.04.2018

 | Source: Financial Afrik

The Compagnie Financière Africaine Group (COFINA), the first African institution of mesofinance, announces its first securitization of receivables on the Regional Stock Exchange, the Common Stock Exchange of the eight countries of the region. Economic and Monetary Union of West Africa (UEMOA).

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