Two Kenyan banks lose $0.86 million to hackers in a month

Kenyan banks are believed to have lost at least $860,000 to hackers in the past one month, which has seen two lenders temporarily terminate their mobile and online banking services. The East African has learnt that one of the banks was last hit month hit as hackers, who attempted to move $1 million from its systems. The bank managed to recover $630,000. It was targeted again last week with a $120,000 hit, of which it has recovered only half. “These monies were moved out via the mobile money and the…

Western Union Opens Office in Ivory Coast

Western Union has been providing fast, reliable and convenient money transfer services in Ivory Coast since 1995 Western Union a leader in global cross-border, cross-currency money movement, announced today the opening of an office in Ivory Coast, reinforcing the company’s on-going commitment to service excellence by getting even closer to customers. Western Union has been providing fast, reliable and convenient money transfer services in Ivory Coast since 1995, connecting customers to over half a million locations in more than 200 countries and territories. Western Union services are currently available in…

Digital artist Osborne Macharia reflects on working on Black Panther with CNN

  On this week’s episode of African Voices, CNN meets photographer and digital artist Osborne Macharia to learn more about his craft and his journey to success. Macharia explains to the programme how his photography career began: “Growing up, I knew I wanted to be an architect. Somewhere along the line, architecture became more [like] mathematics and engineering and I just lost interest because my passion was in arts. I’ve always been a quiet kid growing up… I daydream a lot. It’s within these times that I zone out and…

Xpress Money partners with Co-operative Bank to ease business operations

By Amos Njau Xpress Money has partnerd with cooperative bank to increase its foot prints and strengthen its structures in the Country. Through this partnership customers will be able to send as well as receive money at 561 agent locations, which includes 150 branches of Co-operative Bank of Kenya. Xpress Money is looking at increasing its footprint in the country to ensure convenient, affordable and secure money transfer services. This partnership with Co-operative Bank of Kenya expands access to Xpress Money significantly on account of the bank’s nationwide branch network.…

African Development Bank ranked 4th best

Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank The 2018 Careers in Africa Employer of Choice Survey has ranked the African Development Bank the fourth best company to work with in Africa. Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank. Over 20,000 African professionals answered questions about employee engagement and employment conditions. Opportunities to learn new skills, quality of healthcare provisions, leadership and opportunities for advancement emerged as…

Global financiers caution on capacity constraints in Africa

Global and African financial heads identified country risk as the biggest challenge to their ability to lend more to African countries. Speaking in Abidjan during a one-day forum on investment risks in Africa hosted by the African Trade Insurance Agency (ATI), experts acknowledged that the abundance of current liquidity in the market did nothing to alleviate the capacity constraints faced by most banks when doing business in Africa. Lenders are bound by regulations that prevent them from lending significant amounts to sub-investment grade sovereigns, which is the case for most…

Afreximbank to sponsor Africa Innovation Summit (AIS)

The Africa Innovation Summit will take place from 6 to 8 June 2018 in Kigali, Rwanda The Africa Innovation Summit (AIS) is delighted to announce and welcome the Afreximbank as a GOLD Sponsor. AIS acknowledge the commitment of Afreximbank to Africa and this important initiative to promote and support a new framework for innovation on the continent. The Africa Innovation Summit will take place from 6 to 8 June 2018 in Kigali, Rwanda, under the esteemed patronage of His Excellency President Paul Kagame and Pedro Pires (ex-President of Cabo Verde).…