The Banking & Finance community of Kenya

Africa's five major trends for potential growth

Fri, 07 Oct 2011 09:56:00 +0200

Population growth, rapid urbanisation, adoption of new technologies, unlocking of abundant resources and the deepening of the financial sector are the five major trends that are set to drive Africa's economic growth, Simon Freemantle, Standard Bank Africa senior analyst, told a media roundtable in Johannesburg, South Africa, yesterday, Thursday 6 October 2011.
Read more... | Send to a friend

Mobile: 'world-first' virtual payment card launches in Kenya

Thu, 15 Sep 2011 09:37:00 +0200

NAIROBI, KENYA: Airtel Africa, Standard Chartered Bank and MasterCard have rolled out what is claimed to be the world's first virtual payment card on a mobile phone.
Read more... | Send to a friend

African Banker Awards shorlist announced

Fri, 26 Aug 2011 10:58:00 +0200

The African Banker Awards have released the shortlist of nominees for the 2011 competition. The winners will be announced at the awards ceremony on the 23rd September in Washington DC, during the World Bank/IMF meetings.
Read more... | Send to a friend

Gulf African Bank to host Islamic Finance Conference

Wed, 23 Mar 2011 10:44:00 +0200

Gulf African Bank will host the third East and Central African Islamic Finance Conference on 28-29 March 2011 at the Crowne Plaza Hotel, Nairobi.
Read more... | Send to a friend

SMS becomes a business, healthcare tool

Thu, 17 Mar 2011 13:40:00 +0200

SMS is used more in customer relationship management (CRM) in developing countries like SA than in other markets because more individuals have cellphones than internet access.
Read more... | Send to a friend

Unemployment, inflation worries hit consumer confidence

Thu, 27 Jan 2011 11:00:00 +0200

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
Read more... | Send to a friend

New green African financing projects

Fri, 05 Nov 2010 09:35:00 +0200

Following a successful second round of fundraising for Africa's green economy, held 4 November 2010, the African Carbon Asset Development Facility (ACAD) announced seven green financing projects. It convened the African Bankers' Carbon Finance and Investment Forum in association with the UNEP Finance Initiative (UNEP FI) and the Development Bank of Southern Africa (DBSA).
Read more... | Send to a friend

Will mobile banking change the banking landscape in SA?

Wed, 14 Jul 2010 08:53:00 +0200

Twelve years ago the retail banking industry thought the end of 'bricks-and-mortar banking' era was close, with the introduction of mainstream internet banking. However, this did not materialise as banks in their quest to differentiate, realised the value of the branch in the selling process and its necessity for customer acquisition and authentication.
Read more... | Send to a friend

KCB launches multi-tasking ATM

Wed, 17 Feb 2010 08:39:00 +0200

The Kenya Commercial Bank Group (KCB) has launched a quickserve ATM in the country. The new MCR's Intelligent Deposit ATM has a touch screen and is capable of handling cash in both Kenya shillings and US dollars. The ATM costs about KSh5.4 million.
Read more... | Send to a friend