New alliance to replace legacy banking systems

Econet lures back seasoned exec Fayaz King to lead its infrastructure arm as the telecoms giant prepares a high-profile VFEX listing.

Ziidi Trader lowers long-standing hurdles and provides regular Kenyans with direct access to investments on the Nairobi Securities Exchange by integrating share trading with M-PESA.

Under the plan, purchased airtime or data must be reversed within 24 hours of a complaint, while wrong-number transfers will follow value-based thresholds.

The parliament noted that while mobile money has positively transformed the economy, fraudulent behaviour undermines this progress and puts businesses and consumers at risk.

The two companies launched POSB Remit Outbound, which addresses the growing need for reliable money transfer solutions.

The telco said it will continue to explore options to unlock value from its investment in IHS and remains committed to its disciplined capital allocation framework.

The staggering figure positions the transaction as potentially the largest IPO in the country's history, and one of the most consequential restructurings since the operator first joined the Zimbabwe Stock Exchange.

New Central Bank of Kenya data shows remittances from the UK have surpassed Saudi Arabia, reflecting steady earnings among Kenyan workers in Britain and mounting pressure on migrants in the Gulf.

The National Treasury has completed the development of a fully automated external debt payment platform, now ready for deployment.

The banks  are meeting in Juba to explore data governance, digital maturity and strengthen governance, risk and compliance frameworks.

Durable success requires legislative tightening paired with practical guidance and support, prioritising real-world effectiveness over formal compliance, says Sholane Sathu, founder of Navigate Compliance.

A free-to-attend webinar will explore how artificial intelligence enables financial teams to gain real-time insights, streamline operations, and open up new prospects for growth.