Vodafone sells M-Pesa interest to South African affiliate


Vodafone has transferred most of its ownership stake in Safaricom – the provider of Kenya’s mega-popular M-Pesa mobile money transfer service – to Vodacom, Vodafone’s South African affiliate. Banking Technology‘s sister publication Paybefore reports that under the plan, Vodacom will issue $2.5 billion in shares to Vodafone in return for a 35% interest in Safaricom. […]

HF Group live with new core banking system, Intrasoft’s Profits

Kenya flag

Kenya-based mortgage lender Housing Finance (HF Group) has gone live with a new core banking system, Profits, supplied by Intrasoft International.

NLS and KCB Bank in court over tech use

NetSpend settles

Kenya-based banking tech provider and integrator NLS Banking Solutions is seeking an injunction against Kenya Commercial Bank (KCB) for software infringement rights.

Kenya Bankers Association unveils real-time interbank switch

Kenya 1

Kenya Bankers Association (KBA) has launched its real-time interbank switch, PesaLink, and kicked off a phased rollout of the digital payments platform. The product has been in the making since 2013, when KBA member banks decided to create their own industrywide switch to rival the M-Pesa services. KBA vice-chairman John Gachora says PesaLink is “proof […]

Core banking system & consultant selection at NRS Sacco in Kenya

Kikuyu Town, home of NRS Sacco

A savings and credit co-operative society in Kenya, NRS Sacco, is looking to renovate its core software, and has issued a call for a new software provider. It is also looking to procure consultancy services to help it with system selection.

Puan Sacco Society issues banking tech RFP

Narok, Kenya

A savings and credit co-operative society (Sacco) in Kenya, Puan Sacco Society, has issued an RFP for new banking solutions. The Sacco is looking for core banking, SMS banking and mobile lending software, and a payroll management system. Provision of point-to-point connectivity services and office internet services, plus hardware maintenance are also included in the […]

Chase Bank Kenya migrates card portfolio to OpenWay’s Way4 platform


Chase Bank Kenya has migrated its full card portfolio to the Way4 payment software platform from Electra Card System. The solution is developed by Belgium-based OpenWay and Way4 will support the issuance of prepaid, debit and credit cards — under the MasterCard and Visa brands. Chase Bank Kenya is looking to grow its cards business […]

South Africa’s JSE aims to ‘spearhead’ African cross-listings with ETFs

Oosthuyse: blah blah blah

Stock markets in Nigeria, Kenya and South Africa are planning to launch cross-listed exchange traded funds later this year, as part of an initiative that aims to boost liquidity across Africa’s three largest markets.

Swift plots African expansion into Kenya and Ghana

Swift is expanding its presence in Africa

Swift is planning to open two new offices in 2015 in Accra, Ghana and Nairobi, Kenya as the organisation seeks to expand its presence in east and west Africa.

African start-ups opt for cloud based core banking platform


Three African financial services start-ups have signed to use a cloud-based core banking platform from Berlin-based Mambu as their launch platform business.