Fintech Association Of Kenya

I&M Bank Ltd bank knows a thing or two about putting customers first. As recently shared by one of their customers... "If there's a bank that knows how to treat customers nicely, then it is I&M bank. From the security guards at their doors, to the tellers, to the customer service team .. everyone plays their role seamlessly and perfectly. They recently even managed to convince Youngling to open an account with them. They know how to woo all ages with their smile and great service. Now when they say "Happy customer service week", it sure does feel like something said from the heart and not just something said because everyone else is saying it. I love and appreciate establishments with impeccable service👌" Credits: Zoe Wanjiru I&M Bank Ltd #CustomerFeedback #CustomerServiceWeek2024 #CustomerFeedback #CustomerServiceWeek2024

Vivo Energy Rwanda has extended its premium fuel portfolio by launching MOGAS95 at the Kimironko Engen station, which is aready available at the Kanogo and Kicukiro Sonatube stations, MOGAS95 is tailored for modern, high-octane engines, enhancing vehicle efficiency and performance for Rwandan motorists. MOGAS95, with an octane rating of 95, is engineered to resist knocking during combustion, ensuring smoother engine performance and better fuel efficiency. This makes it particularly beneficial for high-performance and modern vehicles, offering enhanced protection and longer engine life. Mr. Djiby Diene, Managing Director of Vivo Energy Rwanda, highlighted the company's dedication to innovation and customer satisfaction. Muhirwa Linda Black Black, Marketing and Communications Manager at Vivo Energy Rwanda, emphasized the importance of making high-quality fuel more accessible to local motorists.  #VivoEnergyRwanda #MOGAS95 #PremiumFuel #SustainableDriving #RwandaEnergySector

Equity Bank Uganda has launched "𝙴𝚚𝚞𝚒𝚝𝚢 𝙶𝚘𝚎𝚜 𝚃𝚘 𝚄𝙰𝙴" to serve Ugandans living and working in the United Arab Emirates. The bank's team is visiting Abu Dhabi and Dubai to offer diaspora accounts, investment advice, and loans. This move answers requests from Ugandans in the UAE for tailored banking services during International Customer Service Month 2024. In 2023, Ugandans in the UAE sent about $300 million home, 21% of total remittances to Uganda. The bank is joining Uganda Independence celebrations, launching the Uganda Business Centre, and exhibiting at the Uganda-UUAE Business Convention. They're also teaching financial literacy and how to avoid fraud. This outreach shows Equity Bank's push to grow internationally and serve diaspora needs. It could strengthen ties between Uganda and the UAE while giving Ugandans in the Gulf safer banking options. #DiasporaBanking #FinancialInclusion #UgandanDiaspora #EquityBank #InternationalBanking

Mali's government has temporarily allowed Starlink back into the country for six months. They want to create new rules for satellite internet after banning it in March over security worries. Officials will team up with internet companies to figure out how to use the technology safely. This move shows Mali is trying to balance better internet access with keeping the country secure, especially given its ongoing struggles with armed groups since 2012. Other African countries are watching closely as they also grapple with bringing in new internet tech while managing similar concerns. How Mali handles Starlink could set an example for its neighbors. Read More: https://lnkd.in/d89dGjvC #SatelliteInternet #TechRules #AfricanInternet #Starlink #DigitalAccess

Okra, a Nigerian fintech startup, has launched 𝙽𝚎𝚋𝚞𝚕𝚊, a cloud service tailored specifically for African businesses. This move marks Okra's strategic expansion into the cloud infrastructure market, aiming to provide a more affordable and locally-focused alternative to global giants like AWS and Microsoft Azure. Nebula is designed to address the financial challenges faced by Nigerian companies due to currency devaluation and rising foreign exchange pressures. By allowing payments in local currencies such as the naira, Nebula eliminates the unpredictable exchange rates associated with dollar-denominated services. The platform offers lower latency, Tier 3 and Tier 4 data centers, and strong compliance with African data regulations, making it an attractive option for businesses looking to streamline operations without foreign exchange burdens. This expansion into cloud services also aligns with Nigeria's National Cloud Computing Policy, which encourages the use of local cloud providers. The introduction of Nebula is expected to help Okra diversify its revenue streams, especially as the company has discontinued some of its original open banking products. This strategic shift aims to capture market share from global providers by offering competitive and locally relevant solutions for the African market. #NigerianFintech #CloudComputing #LocalInnovation #CurrencyDevaluation #TechExpansion

Frame3D AI, an Ivory Coast startup, has introduced an AI platform that turns smartphone videos into 3D models, photos, and optimized videos. Founded in 2024 by Alassane Sakande and Kevin Simpore, the platform simplifies 3D content creation for users without technical expertise. This innovation benefits industries like real estate, video editing, and animation. Frame3D has joined the NVIDIA Inception Programme and partnered with a real estate agency managing 50 properties. The technology eliminates learning curves and long rendering times in 3D content creation. Users can quickly produce high-quality visuals without specialized equipment or skills. As the demand for 3D content grows, Frame3D's platform could reshape how businesses approach visual content creation and presentation across various industries. #3DTechnology #AIInnovation #ContentCreation #RealEstateTech #AfricanStartups

Dyna.Ai, an AI-as-a-Service company, is strengthening its presence in Africa through partnerships with local banks and fintechs. At Nigeria Fintech Week 2024, they showed off tools to improve decision-making and support digital changes in finance. This comes as Africa's financial services market is set to reach $230 billion by 2025, with Nigeria becoming a major fintech center. The company is working with Nigerian banks and mobile money operators to use tools like VoiceGPT, decision engines, and scoring products. These aim to make customers happier, help employees work better, and improve how things run. As Nigeria tries to get more people using banks and reduce fraud, Dyna.Ai's tools could help change finance, boost the economy, and bring new tech to the sector. #FinancialTech #NigerianFintech #FinancialInnovation #AfricanTech #DigitalBanking

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African Leaders Call for Portable Social Security Benefits Across BordersThe second review of the Global Compact for Migration, held in Addis Ababa, Ethiopia, has highlighted the need for African countries to reform their social security systems to allow for the portability of benefits across borders. This initiative aims to support deeper regional integration and unlock the full potential of Africa's workforce. Claver Gatete, Executive Secretary of the United Nations Economic Commission for Africa (ECA), emphasized two key priorities: the mutual recognition of skills and qualifications across African borders and the reform of social security systems to ensure migrants do not lose access to benefits such as pensions and healthcare when crossing borders. The meeting, attended by over 250 country delegates, researchers, and stakeholders, focused on leveraging migration as a growth driver. Key areas of intervention included protecting migrants' lives, establishing legal migration pathways, managing climate migration, and improving data collection for effective migration management. Amy Pope, Director General of the IOM - UN Migration, stressed the importance of integrating migration into national strategies and urban planning to catalyze development. The African Union Commission is providing legal instruments to help member states address migration challenges, with Commissioner Minata Samate Cessouma calling for the ratification of the African protocol for the free movement of people and goods Similarly, the East African Community (EAC) is developing regulations to coordinate social security rights and benefits across partner states. These efforts aim to address the continent's youth unemployment challenge and capitalize on Africa's demographic advantage, with African youth projected to make up 42% of the global youth population by 2030 #AfricanMigration #SocialSecurity #RegionalIntegration #WorkforceMobility #AfCFTA

The African Export-Import Bank (Afreximbank) has announced plans to host its 𝟸0𝟸𝟺 𝚃𝚛𝚊𝚍𝚎 𝙵𝚒𝚗𝚊𝚗𝚌𝚎 𝚂𝚎𝚖𝚒𝚗𝚊𝚛 𝚊𝚗𝚍 𝙵𝚊𝚌𝚝𝚘𝚛𝚒𝚗𝚐 𝚆𝚘𝚛𝚔𝚜𝚑𝚘𝚙 𝚒𝚗 𝚆𝚒𝚗𝚍𝚑𝚘𝚎𝚔, Namibia from November 4-8, 2024. This event aims to enhance trade finance capacity and knowledge across Africa.The seminar will bring together bankers, financial institutions, regulatory bodies, and corporate entities engaged in trade and manufacturing. It will focus on addressing challenges in trade finance and exploring innovative solutions to support African trade. Key topics to be covered include: 🔰 Managing trade finance challenges in the current economic climate 🔰 Leveraging the African Continental Free Trade Area (AfCFTA) 🔰 Innovations in structured trade and commodity finance 🔰 Digitalization in trade finance 🔰 Risk mitigation tools and compliance The factoring workshop will provide practical insights into factoring operations, featuring case studies and expert presentations. This aligns with Afreximbank's efforts to promote factoring as a trade finance instrument in Africa.By hosting this event, Afreximbank continues its commitment to building capacity in Africa's financial sector and supporting the growth of intra-African trade. The seminar and workshop are expected to contribute to the development of trade finance expertise across the continent. #Afreximbank #TradeFinance #AfricanTrade #FactoringWorkshop #CapacityBuilding