M2M Morocco signs USD8m deal with Ethiopian bank
COMPUTING| July 16, 2012, 2:34 p.m.
Morocco’s M2M Group has signed a USD8 million e-banking contract with the Commercial Bank of Ethiopia.
The Moroccan group will implement the second phase of the bank’s new electronic money strategy.
The e-banking plan aims to strengthen the infrastructure of electronic banking and help the bank to open its network to self-service banking including ATM, POS, mobile and internet.
The partnership between CBE and M2M Group was initiated in 2009 with a contract for the supply, integration and deployment of a comprehensive solution for electronic payment based maps.
The second phase of the plan will strengthen the bank’s electronic banking infrastructure and open its network to 526 branches in self-service banking, including ATM, POS, mobile and internet payment bills, recharge prepaid accounts and telephone sales, money transfer, cash deposits and cheques.
"This contract at the heart of East Africa represents a considerable strengthening of the presence of M2M Group in Africa," said Habli Mustapha, director of BU Payment Solutions at M2M Group.
MORE COMPUTING NEWS
Botswana women missing from ICTThere has been a rallying call for women in Botswana to consider a lifetime participation in the Information and Communication Technology if the sector is to realise any meaningful growth as well as a fair gender representation. Read More
Globecomm, Tanzania Support Foundation take computers to rural schoolGlobecomm announced today that it has donated desktop computers to a school in the Tanzanian village of Selela to aid the mission of the Tanzanian Support Foundation to help small communities become more self-sufficient in education, healthcare, hygiene and clean water. Read More
The Network is dead. Long live the network!Your network is vastly bigger than the Internet itself, says Infoblox. Read More
Schneider Electric’s off-grid solar and backup power inverter/charger now in southern AfricaSchneider Electric Solar Business, a global leader in solutions for the solar power conversion chain, has released its off-grid solar and backup power inverter/charger, the Conext SW, in the southern African region. Read More
Phase3 seeks digitally enhanced life for special needs kidsWest Africa’s largest independent fibre optic infrastructure and telecommunications services provider, Phase3 Telecom, has urged stakeholders in the ICT industry to offer children living with disabilities a good quality of life through the deployment of assistive technology. Read More
Kenya, China partner to grow ICT skillsGlobal technology company Huawei, in partnership with Kenya’s Ministry of Information and Technology, has dispatched to China the first beneficiaries of the “Huawei Seeds for the Future” Internship programme. Read More
Big trends for 2015Industry experts share their thoughts on the innovations that will impact business next year. Read More
ASUS appoints Andre Goosen as Country Service ManagerASUS, the Taiwanese technology innovation brand, has appointed Andre Goosen to the position of Country Service Manager, a new role created in line with ASUS’ increased focus on after sales service. Read More
iWayAfrica managed service solution launched in KenyaPan African telecoms operator, Gondwana International Networks (GIN) has announced that its iWayAfrica business has launched a managed infrastructure and services solution in Kenya. Read More
Kenya Ports Authority first to deploy Pamoja’s RUBiQ cloud platformThe Kenya Ports Authority is the first institution in East Africa to adopt the RUBiQ Cloud-based governance, risk and compliance platform. Read More
FEATURED STORYPWC: Optimism abounds but a bumpy journey ahead for some
PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa,’ report says infrastructure spend in the region is projected to reach $180bn per annum by 2025.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.