Mar 28, 2017 Last Updated 9:05 AM, Mar 28, 2017

Facebook opens first African office

ABN – As part of its efforts "to help people and businesses connect", Facebook (NASDAQ: FB) has opened its first African office in Johannesburg.

Nunu Ntshingila has been selected to head the office’s operations and more than 80% of Africans are thought to have access to the social network through their mobile phones.

Facebook regional vice president Nicola Mendelsohn said: “We are inspired by the incredible ways people and businesses in Africa use Facebook to connect.

“Africa is important to Facebook, and this office is a key part of our strategy to expand our investment and presence across [the region].

“Facebook is already a central part of people’s lives in Africa, and with more than a billion people in Africa, we want to do more to help people and businesses connect.”

Sub-Saharan countries including Kenya, Nigeria and South Africa will be the initial focus of the office’s operations but it will also offer support to Senegal, Ivory Coast, Ghana, Tanzania, Rwanda, Uganda, Zambia, Mozambique and Ethiopia.

@ABNetworkOnline

Bank of Kigali partners with Tigo Rwanda

ABN – The Bank of Kigali has partnered with Tigo Rwanda to allow customers to transfer money between the two businesses.

Tigo Cash customers will simply have to dial *200*11# to move money from their Tigo Cash Wallet to a Bank of Kigali bank account.

Tigo Rwanda general manager Tongai Maramba said: “The new service gives Tigo Cash users and BK customers an easy way to access their money anytime, anywhere through our strong network of agents across the country.

“We continue to support financial inclusion initiatives and build closer links into the financial system.

“This development underscores our commitment to deliver what our customers have always wanted – a joined up ecosystem of financial services where all players in the financial sector are interconnected. – The Digital lifestyle.”

Bank of Kigali CEO Dr. James Gatera added: “Bank of Kigali’s current partnership with Tigo Rwanda continues to reaffirm our dedication to continuously offer superior and innovative financial solutions that advance Rwanda’s financial inclusion agenda.

“The partnership further demystifies lack of access to financial services by creating interoperability between Tigo Cash and Bank of Kigali’s Customer accounts.”

@ABNetworkOnline

EcoCash launches Zimbabwean business

ABN – Econet Wireless has been given the go-ahead by the South African Reserve Bank to start cross-border mobile money remittances to Zimbabwe.

The new EcoCash platform will allow Zimbabweans living abroad to send money back home.

EcoCash said in a statement: “EcoCash and its South African partners have finally secured approval from the South Africa Reserve Bank to start a cross border remittance service from South Africa.”

The new service is expected to be up and running by the end of July this year.

@ABNetworkOnline

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