Ophelia Ama Oni

In a major development, Fauree has inked a groundbreaking Memorandum of Understanding (MOU) with JS Bank, aiming to transform supply chain finance for SMEs. The collaboration will provide JS Bank customers with Fauree's state-of-the-art Supply Chain Finance (SCF) platform, offering #SMEs streamlined access to working capital solutions. This partnership aligns with the State Bank of Pakistan (SBP)'s vision for digitization and transparency, further driving efficiency and support for the SME sector. The move will enhance competitiveness and stimulate economic growth through innovation and financial inclusion. Stay tuned for more updates on this transformative collaboration! #partnership #mou #supplychainfinance

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Why NCBA is Leading the Way to Financial Inclusion NCBA Bank has taken a groundbreaking step by eliminating monthly maintenance fees on its Retail Banking accounts, positioning itself as a leader in the Kenyan banking industry’s shift towards greater financial inclusion. By removing these charges, NCBA is breaking down financial barriers, allowing more individuals and businesses to participate in the formal banking system without the worry of hidden costs. This initiative not only provides immediate financial relief but also aligns with NCBA's broader commitment to supporting economic growth and customer well-being, especially in challenging economic times. NCBA’s decision underscores its dedication to being a customer-centric institution that listens to and addresses the needs of its clients In leading this banking revolution, NCBA is setting a new standard for what it means to be an inclusive financial institution, making banking a tool for empowerment and growth for all Kenyans. NCBA Group #TwendeMbeleNaNewEra #NCBATwendeMbele #GoForIt

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Choice Microfinance Bank Limited has received approval from the Central Bank of Kenya (CBK) to upgrade from a community microfinance bank to a nationwide microfinance bank, as per Gazette Notice No. 15363 issued on November 18, 2024. This approval, granted on November 4, 2024, marks a significant milestone in the bank's growth and allows it to extend its operations across the country. The upgrade is in line with the Microfinance Act and the Microfinance (Categorization of Deposit Taking Microfinance Institutions) Regulations of 2008. Founded in 2015 by Kenyans in the diaspora, Choice Microfinance Bank was initially established to simplify remittances and investment processes for the Kenyan diaspora, operating primarily in Kajiado North Constituency. The bank's unique focus on diaspora engagement laid a solid foundation, but a pivotal moment occurred in 2021 when The Wakanda Network, a UK-based fintech firm, acquired a majority stake. This acquisition provided the capital and expertise needed to expand the bank's technological capabilities and broaden its service offerings. Under the leadership of CEO Bonface Isinta Ombui, Choice Microfinance Bank has implemented innovative digital solutions, including a Global Payment System that processes international transactions in under five minutes. The bank has also integrated with Kenya’s National Payment System to facilitate efficient Real-Time Gross Settlement transactions. These technological advancements have been central to the bank's rapid growth and its ability to offer enhanced services to its customers. The recent approval to transition into a nationwide microfinance bank is a testament to Choice Microfinance Bank’s commitment to providing accessible financial services to all Kenyans. With an expanded reach and robust digital infrastructure, the bank is poised to play a significant role in Kenya’s evolving financial landscape, promoting financial inclusion and fostering economic growth nationwide. #FinancialInclusion #DigitalBanking #Microfinance #TechInnovation #KenyaBanking #DiasporaBanking #CBKApproval #FinancialServices #BankingTransformation #RealTimePayments https://zurl.co/9rb9

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Just like all banks are overseen by the Bank of Uganda, Tier 4 Microfinance Institutions, including SACCOs, Non-Deposit Taking Microfinance Institutions, and Money Lenders, are monitored by UMRA to ensure fair and transparent practices. #WeGuideYouProsper

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The Big News is Here! HumanManager partners with Stanbic IBTC Bank. This collaboration means access to multi tenor loans for all your financial needs. Whether it's personal goals or business aspirations, we're to help you get there every step of the way. Here's what to expect: • Fast and efficient loan processing • Monthly deduction off your monthly salaries for the expected period Focus on what matters to you the most Visit www.humanmanager.net to learn more. #HumanManager #StanbicIBTCBank #FinancialServices #LoanServices #Partnerships #BusniessGoals

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In honor of #WorldFoodDay, Zimnat Microfinance supports farmers like YOU. 🌾 Our agribusiness loans can provide the resources you need to thrive. DM us today to discuss your goals. #zimnat #FarmingLoans #empoweringprosperity

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Funding Opportunity: Access Bank Youthrive Program is a groundbreaking collaboration between the bank and the Vice President’s office, dedicated to empowering Individuals and MSMEs. With a focus on capacity development, financial empowerment, and business exchange, the program aims to impact 4 million youths over the next four years. Capacity Development Application Requirements: 1. Startup: A new business with less than 12 months in operation. 2. Business Owner: An established business with more than 1 year in operation. 3. Graduate: A tertiary institution degree holder seeking active employment or business venture. 4. Non-Graduate: A young individual with a minimum of a school leaving certificate seeking skill acquisition or business venture Program Pillars 📌 Capacity Development: Empowering the youth with skills for entrepreneurship and employability. Business Exchange: Exceptional Entrepreneurs will be sponsored on Business Exchange Programs to The Netherlands, China, or India. 📌 Access to Funding: Get access to finance through business grants and business loans to scale your business upon completion of the capacity development programs. 📌 Employment: Discover employment opportunities after completing our comprehensive capacity development programs. Apply here: https://lnkd.in/d__u_Qau Or Visit the Official Webpage of the Access Bank Youthrive program #AlfredUkane #agriculture #agribusiness #fundingopportunity #accesstofinance #capacitybuilding

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On June 5, Selcom Tanzania, a digital payments company founded in 2002, acquired a 65% stake in Access Microfinance Bank Tanzania (AMBT) now known as Selcom Microfinance Bank, one of the 3 notable microfinance banks in the country. AMBT served over 50,000 clients and disbursed over 260,000 loans worth $693 million since inception. This acquisition creates Tanzania's first digital bank, combining Selcom's expertise with AMBT's presence. Tanzania's Fintech sector is still relatively small compared to other African countries, and accounts only for 7.2% of startups. But it is growing, driven by digital financial services adoption, 76% of adults having access to formal financial services or mobile money. In spite of the high number of microfinance institutions, around 1000 in Tanzania, SMEs are still poorly served, so the combination of a payments company with a microfinance bank could be the way forward.

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Do more with what you have. Download the First Capital Bank Mobile App from App Store or Play Store and experience amazing options. #BeliefComesFirst #FirstCapitalBank #ProudlyZambian

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𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐕𝐢𝐬𝐢𝐨𝐧𝐚𝐫𝐲 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩: 𝐊𝐥𝐚𝐮𝐬 𝐌𝐮𝐞𝐥𝐥𝐞𝐫 𝐚𝐭 𝐭𝐡𝐞 𝐇𝐞𝐥𝐦 𝐨𝐟 𝐀𝐜𝐜𝐞𝐬𝐬𝐁𝐚𝐧𝐤 𝐋𝐢𝐛𝐞𝐫𝐢𝐚 At AccessBank Liberia, progress and customer-focused leadership drive everything we do. Under the remarkable leadership of our CEO, Mr. Klaus Mueller, we’ve transformed how we serve our clients, redefining accessible and rewarding banking. A key achievement under Mr. Mueller’s guidance is the significant reduction in the loan disbursement fee. Initially lowered from 6% to 4%, it has now been further reduced to an all-time low of 3%, a rate that takes effect this Christmas season and will continue moving forward. This initiative eases the financial burden on borrowers, especially during the festive season, reflecting Mr. Mueller’s commitment to empowering clients through inclusive banking. Mr. Mueller’s visionary leadership reminds us that banking is about more than numbers; it’s about people and progress. As we benefit from this reduced fee, we celebrate his dedication to meaningful leadership and a brighter future for AccessBank Liberia’s clients. Thank you, Mr. Mueller, for leading the way! #LeadershipMatters #BankingInnovation #CustomerFirst #AccessBankLiberia Access Microfinance Holding AG AB Bank Zambia

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Promoting Financial Inclusion through Equity. At ENCOT Microfinance, we believe equity is key to unlocking financial opportunities for rural and marginalized communities in Uganda. Our mission is to bridge the financial divide and empower these groups through inclusive financing. Our Equity-Driven Approach 1. We Offer competitive interest rates and flexible repayment terms. 2. We Provide training and education to enhance financial decision-making especially our Group Loans. 3. We provide tailored services to meet unique needs of rural and marginalized groups. 4. We Reach remote areas through mobile banking and agent networks. 5. Through Partnerships, we collaborate with local organizations to amplify impact. Together, we can create a financially inclusive society where everyone thrives. Let's partner to empower Uganda's rural and marginalized communities. #FinancialInclusion #EquityInAction #ENCOTMicrofinance #Uganda #RuralEmpowerment #Microfinance #SustainableDevelopment

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📃Stakeholder Notice Attention Financial Institutions! Get ready to submit your returns on the Umoja portal! Financial institutions are urged to develop strategic responses and work programs to ensure compliance with the Prudential Authority’s regulatory return requirements. This includes setting up governance structures and mobilizing teams for development activities, especially machine-to-machine submissions. Read more at https://encr.pw/qdE9Z #⃣ #SAICATechnical #SAICAMiB #FinancialInstitutions #UmojaProject #RegulatoryReturns South African Reserve Bank Mthokozisi Sibisi Kedibone Sono

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How KCB streamlined their payments system in less than 12 months 🏊🏻 In 2012, KCB Bank Group the largest commercial bank in Kenya, set out to replace their legacy system with a single, integrated platform, launching an in-house processing centre to streamline their payments business in the region💳🌍 The result? Faster time-to-market, improved performance, and unmatched flexibility 🚀 Read more about how this was achieved in the KCB case study 👉🏻 https://lnkd.in/eBrAErJs

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Exciting news! Choice Bank, co-founded by the visionary team behind Anansi, has been approved to transform into a nationwide microfinance institution. 🎉🎉🎉

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