CBE, Safaricom Ethiopia aim to build transformative digital financial service in Ethiopia

Addis Ababa, June 6, 2023 (FBC) – The delegation of Commercial Bank of Ethiopia (CBE) led by its president, Abie Sano and the senior management of Safaricom Ethiopia are in Kenya on an experience-sharing visit.

It is stated that the visit aims to build a transformative digital financial service in Ethiopia.

It is to be recall in March 2023 CBE and Safaricom Ethiopia signed a strategic partnership agreement to utilize the potential of the institutions’ capacities and enhance the financial service delivery and jointly contribute to Ethiopia’s digital and financial inclusion agenda.

During the first day of the visit, the delegation met with KCB’s Group CEO, Paul Russo who shared KCB’s experience on the nature of the partnership with M-PESA in Kenya that has resulted in a diverse array of products and services designed to provide maximum value to their esteemed customers.

KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya.

It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator.

KCB Group is registered as a non-operating holding company that started operations as a licensed banking institution on January 1, 2016.

The holding company oversees KCB Kenya incorporated with effect from January 1, 2016 and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan.