CBA Uganda unit seeks approval to replicate M-Shwari loans model

The Commercial Bank of Africa’s (CBA) Uganda subsidiary has applied for a licence to launch an M-Shwari equivalent in the neighbouring country, seeking to replicate the success that the mobile banking service has recorded in Kenya.

CBA Uganda has written to the Bank of Uganda (BoU) seeking the green light to launch a savings and loans mobile service by April in collaboration with MTN, one of the country’s leading telecommunications operators.