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<title>Daily Financial Services industry news in East Africa</title>
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<pubDate>Tue, 07 Apr 2026 13:23:55 +0200</pubDate>
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	<title>Kenya's Safaricom raises $117m with local sustainability-linked loan</title>
	<link>https://www.bizcommunity.co.ke/article/kenyas-safaricom-raises-117m-with-local-sustainability-linked-loan-691411a</link>
	<description>Kenya's biggest telecoms operator Safaricom has raised 15 billion shillings ($116.73m) via the second tranche of a sustainability-linked loan from a consortium of local banks, it said on Tuesday, 24 September.</description>
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	<pubDate>Wed, 25 Sep 2024 09:50:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>Brics and China unite for a groundbreaking commodities exchange system</title>
	<link>https://www.bizcommunity.com/article/brics-and-china-unite-for-a-groundbreaking-commodities-exchange-system-257407a</link>
	<description>The Brics Competition Law and Policy Centre together with partners from China will develop the Brics commodities exchange system. The document was signed on the margins of the 2024 National Fair Competition Conference of China.</description>
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	<pubDate>Thu, 19 Sep 2024 08:51:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>PayRetailers expands further into Africa</title>
	<link>https://www.bizcommunity.com/article/payretailers-expands-further-into-africa-257497a</link>
	<description>PayRetailers, the payment processor for Latin America, has announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.</description>
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	<pubDate>Wed, 18 Sep 2024 12:55:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>IMF approves over $900m to support Tanzania budget, climate change fight</title>
	<link>https://www.bizcommunity.com/article/imf-approves-over-900m-to-support-tanzania-budget-climate-change-fight-125846a</link>
	<description>The IMF said on Thursday its executive board approved funding for Tanzania of $786.2m to help tackle climate change while also completing a separate review allowing for the disbursement of $149.4m for budget support.</description>
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	<pubDate>Fri, 21 Jun 2024 13:13:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>2,500 Kenyan fashion creators poised to enter global markets</title>
	<link>https://www.bizcommunity.com/article/2500-kenyan-fashion-creators-poised-to-enter-global-markets-128436a</link>
	<description>As a flagship programme of the International Trade Centre (ITC), the Ethical Fashion Initiative's (EFI) business model has 15 years of success in bringing sustainable, quality fashion products onto the global stage.</description>
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	<pubDate>Thu, 02 May 2024 12:14:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>Commercial Bank of Ethiopia recovers $11m lost in system glitch</title>
	<link>https://www.bizcommunity.com/article/commercial-bank-of-ethiopia-recovers-11m-lost-in-system-glitch-342308a</link>
	<description>The state-owned Commercial Bank of Ethiopia has recovered more than three-quarters of the $14m it lost when a software glitch earlier this month allowed customers to withdraw more funds than they held in their accounts, it has said.</description>
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	<pubDate>Wed, 27 Mar 2024 13:20:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>Digital advertising group Aleph launches payment unit</title>
	<link>https://www.bizcommunity.com/Article/1/16/241117.html</link>
	<description>Aleph - the digital advertising company - has announced the launch of its global cross-border payments and credit underwriting unit, Aleph Payments.</description>
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	<pubDate>Fri, 18 Aug 2023 09:45:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>Kenya suspends crypto project Worldcoin over safety concerns</title>
	<link>https://www.bizcommunity.com/Article/1/751/240673.html</link>
	<description>Kenya's interior ministry said on Wednesday, 2 August, that it had suspended the local activities of cryptocurrency project Worldcoin while government agencies assess potential risks to public safety.</description>
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	<pubDate>Thu, 03 Aug 2023 09:45:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>Momentum Metropolitan pioneers global adoption of cutting-edge fintech software</title>
	<link>https://www.bizcommunity.com/Article/196/518/238897.html</link>
	<description>Murex's partner, Elenjical Solutions, in collaboration with Momentum Metropolitan, has achieved a significant milestone by completing the world's first pilot upgrade of the Murex (MX.3) financial software platform to a new technology called Kubernetes.</description>
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	<pubDate>Wed, 31 May 2023 16:18:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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	<title>Nearly 70% of consumer payments to be instant by 2027</title>
	<link>https://www.bizcommunity.com/Article/1/163/236667.html</link>
	<description>A new study from Juniper Research predicts that the number of consumer instant payments will exceed 235 billion in 2027, up from 74 billion in 2023.</description>
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	<pubDate>Thu, 09 Mar 2023 07:22:00 +0200</pubDate>
	<source url="https://www.bizcommunity.com/rss/414/518.html">Bizcommunity Financial Services East Africa</source>
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