Uncategorized

Ukheshe and KCB in Deal to Boost East African Payment Services

In an initiative that will see the growth and development of payment services within the East Africa region, leading digital fintech platform provider, Ukheshe, has announced the conclusion of a new agreement with the Kenya-based lender KCB Bank Kenya.

Through the agreement, KCB will sponsor Ukheshe’s Bank Identification Number (BIN) number, which will allow Ukheshe to immediately issue both physical and virtual cards across East Africa where KCB has an extensive footprint.

According to Victor Ndlovu, Vice President of Ukheshe Africa, the deal will include other innovative digital products such as QR issuing and acquiring: “By joining forces with KCB we are well-placed to address several open loop market opportunities while boosting wider consumer adoption. Payment options across various segments will benefit such as payroll, companion cards, multi-currency prepaid cards, travel cards and gift cards, together with social security and other government benefit programs such as insurance claims.”

Ndlovu says financial inclusion remains a massive challenge in the region and across the continent where millions of people are either unbanked or severely underserved. “With a shared objective of contributing to economic growth and financial freedom on the continent, Ukheshe and the KCB will meet the bourgeoning demand for viable cash alternatives.”

In recent months, Ukheshe has ramped up efforts to establish and enhance key partnerships in Africa as the continent shifts towards digital channels, products and services across all categories.

“Embracing a digital-first approach is not only a win for African consumers but for fintechs, banks, payment processors, as well as issuers and merchants. Our agreement with KCB will escalate our impact in transforming the payment space while collaborating with key industry players to stimulate the uptake of digital payments,” notes Ndlovu.

Commenting on the collaboration, Executive Director for Ukeshe Africa, Mark Dankworth, says: “We’ve found a long-term strategic partner that shares our vision of simplicity and transparency in payments whilst driving financial inclusion and opening up new pathways to innovation. We look forward to a highly productive working relationship.”

“We are keen on continually expanding our digital offering and card business to serve customers and deepening financial inclusion. KCB has been at the forefront of digitising transactions to offer customers seamless services,” says Annastacia Kimtai, KCB Director Retail Banking.

In addition to providing fintechs, telcos and banks with payment solutions, Ukheshe creates customer focused products and services more efficiently with its rich Eclipse API ecosystem.

Leave a Comment

Your email address will not be published.

You may also like

Business Economy Environment Government International Technology Technology Trends Telecoms

Nigerian Delegation Visits MTN Group Headquarters to Strengthen Bilateral Relations

post-image

 

A high-ranking delegation from Nigeria’s Ministry of Foreign Affairs recently visited the MTN Group headquarters in Johannesburg, South Africa. The visit highlighted the growing efforts to deepen economic and diplomatic relations between the two largest economies in Africa.

The Nigerian team was led by Rt. Hon. Wole Oke, Chairman of the House Committee on Foreign Affairs, and included prominent figures such as Amb. Ahmed Sulu-Gambari, the Head of the Ministry of Foreign Affairs; Nigeria’s High Commissioner to South Africa, H.E. Alexander T. Ajayi; and other senior officials.

MTN Group’s top executives welcomed the delegation, including Group Chairman, Mcebisi Jonas; Chief of Staff (CEO’s Office), Jerry Varachia; Executive for Network Design, Amith Maharaj; Executive for Core Mergers and Acquisitions, Annemarie Krijnauw; Executive for Internal Audit, Motselisi Molapo; and Senior Manager for Strategic Public Affairs, Dominic Khumalo.

During the meeting, discussions focused on fostering stronger ties between Nigeria and South Africa. Both parties acknowledged…

Read More
Business Economy Education News

Federal Government of Nigeria Introduces 15 Skill Acquisition Courses in Primary and Junior Secondary School Curriculum

post-image

 

In a significant move to empower the future workforce and enhance the employability of students, the Federal Government of Nigeria has announced the integration of 15 skill acquisition courses into the curriculum of Primary and Junior Secondary Schools across the country. Starting from the 2025 academic year, students will be able to select one skill to study from Primary 1 through to Junior Secondary 3 (JSS3), ensuring that by the time they complete their education, they will have both theoretical knowledge and practical experience in their chosen field.

This groundbreaking initiative is designed to address the skills gap in Nigeria by fostering a generation of students who are not only academically inclined but also possess hands-on expertise in various trades…

Read More
Announcements Business Economy Finance Fintech International

Akwa Ibom Tech Week 2024: Ushering in a New Era of Innovation in Africa

post-image

The much-anticipated Akwa Ibom Tech Week 2024 concluded with remarkable success, marking another milestone in the region’s journey to becoming a leading tech hub in Africa. Held from October 28th to November 2nd, 2024, the event brought together tech enthusiasts, entrepreneurs, government representatives, and innovators from across Nigeria and the globe to discuss the future of digital transformation, innovation, and entrepreneurship.

The event, which was held in the vibrant city of Uyo, Akwa Ibom State, served as a powerful testament to the region’s growing influence in Africa’s digital economy. Hanson Johnson, Founder and CEO of Start Innovation Hub, one of the central organizations driving this transformation, expressed his pride and excitement as he reflected on the event’s success.

In his address,…

Read More
Announcements Business Featured News Opinion Technology Trends Telecoms

The Hidden Roadblocks to Nigeria’s Digital Revolution

post-image

In the heart of Nigeria’s bustling cities and its quiet rural communities, an invisible challenge is quietly stalling the nation’s journey toward a digital future. While vandalism and theft of telecom infrastructure are often cited as the primary culprits behind poor connectivity, an even more insidious issue is threatening to derail progress: denial of access to telecom facilities.

This growing crisis took center stage at the Critical National Information Infrastructure (CNII) Protection and Resilience Workshop Series, held in Abuja and organized by the National Cybersecurity Coordination Centre (NCCC) under the Office of the National Security Adviser. Among the speakers was Dr. Aminu Maida, a leading figure in the telecom sector, who painted a sobering picture of a nation held back by bureaucratic hurdles, community resistance, and property disputes.

“In 2023 alone, we recorded over 20,000 cases of site access denial,” Dr. Maida revealed. “Each of these represents a barrier to connecting…

Read More
Business Economy

Dr. ‘Bosun Tijani Advocates Strengthened Local Government Capacity through #Project774

post-image

Dr. ‘Bosun Tijani, the Honourable Minister of Communications, Innovation, and Digital Economy for the Federal Republic of Nigeria, has reiterated the critical role of Local Government autonomy in advancing grassroots governance and fostering digital inclusion. Speaking on the ongoing implementation of #Project774, he emphasized the project’s pivotal role in delivering the dividends of governance directly to citizens at the last mile.

“With the introduction of Local Government Autonomy in Nigeria, it is imperative that we strengthen the capacity of our LGA structures through initiatives like #Project774, ensuring that governance is both impactful and inclusive,” Dr. Tijani remarked.

As part of this transformative initiative, Dr. Tijani recently hosted a strategic brainstorming session with state government representatives. The event brought together commissioners, agency heads, advisers, and local government chairmen from seven states—Sokoto, Borno, Ogun, Kogi, Imo, Zamfara, and Kwara—participating in the project’s first phase.

“The discussions were focused on ensuring the efficient use of…

Read More
Business Economy Environment Government Security Society Technology Technology Trends Telecoms

President Tinubu Strengthens ICT Sector with Landmark Protection Order

post-image

 

The federal government has taken a decisive step toward securing Nigeria’s digital economy with the release of the *Designation and Protection of Critical National Information Infrastructure Order, 2024*. The gazette, approved by President Bola Ahmed Tinubu, was lauded by Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, as a transformative move to safeguard the nation’s technological assets and infrastructure.

Dr. Tijani emphasized the order’s pivotal role in reducing disruptions and intentional damage to critical ICT systems and infrastructure. “This is a significant step that will strengthen and protect investments in the ICT sector by reducing incidences capable of damaging the operations and functionality of our technological systems, infrastructure, and networks,” he stated.

The Nigerian Communications Commission (NCC) also commended the initiative, describing it as a critical milestone for the telecom sector. The Commission highlighted that the order would help mitigate recurring…

Read More
Autos Business Culture Economy

Igboland: A Rising Powerhouse in Car Manufacturing

post-image

 

Igboland is steadily carving out a reputation as a hub for automotive innovation in West Africa, driven by the vision and determination of local entrepreneurs. With the presence of three car manufacturing and assembly companies—Innoson Motors, Roxettes Cars, and the emerging Omaa Motors—the region is becoming a focal point for Nigeria’s industrial transformation.

Innoson Motors, based in Umudim, Nnewi, Anambra State, stands out as a beacon of indigenous innovation. Founded with a vision to reduce Nigeria’s dependency on foreign imports, Innoson has achieved remarkable success by producing 80% of its vehicle components locally. This achievement reflects not only a deep understanding of local market needs but also a commitment to creating jobs and fostering economic growth within the region. Over the years, Innoson has become synonymous with quality and resilience, inspiring a new generation of African manufacturers.

In neighboring Abia State, Roxettes Cars,…

Read More
Business News

Faith Cathedral International Ministries Celebrates a Spirit-Filled Conclusion to Men Convention 2024

post-image

 

On Sunday, November 17th, 2024, Faith Cathedral International Ministries in Egbeda, Lagos, held a moving Thanksgiving service to mark the conclusion of its week-long Men Convention 2024. The event, which brought together men from all walks of life within the church and the surrounding community, was a profound expression of faith, unity, and service to God.

The weeklong convention, which began with a series of spiritual activities and outreach programs, culminated in a powerful Thanksgiving service that resonated with the theme of steadfastness and spiritual responsibility. With the church’s auditorium filled with attendees, the air was thick with gratitude, as the congregation reflected on the transformative messages shared during the week.

Pastor Fred Obetoh, the church’s General Overseer, took to the stage to address the men of the congregation with a heartfelt sermon. In his message, Pastor Fred encouraged the men to remain unwavering in their faith despite the materialistic pressures…

Read More