CBA targets Rwanda M-Shwari entry

CBA chief Jeremy Ngunze briefs investors at the Nairobi Serena Hotel on October 3, 2016. PHOTO | DIANA NGILA

Commercial Bank of Africa has set its eyes on the Rwandan market with its M-Shwari product which already has millions of users in Kenya, Uganda and Tanzania.

The bank, which recently announced it had hit the 600,000 subscriber mark on its Ugandan mobile-banking platform (MoKash) in partnership with MTN Uganda, said Rwanda’s growing mobile penetration would be key for the plan set to be rolled out by December.

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