Browsing: Absa Kenya

• The move is aimed at creating positive change in communities
• Absa said it is leveraging the power of technology to assist in learning and impart core skills
• Experts have already said the country needs to lay the groundwork for e-learning through investments in ICT infrastructure and digital literacy

Absa Bank Kenya PLC has launched a digital literacy enhancement programme targeting to establish 66 computer labs in schools across the country.

The bank is investing Sh23 million in the nationwide project that is being spearheaded in partnership with Computer for Schools Kenya (CFSK) and will see 1,500 computers donated to different schools in the coming months.

The two organizations rolled out the initiative at the Kikuyu Township Primary School by donating 20 desktop computers that are fully networked and fitted with relevant software to support learning.

The donation was accompanied by desks and tables refurbished from the waste collected during the …

Kenya’s Absa Bank has launched a new solution that allows its customers to access their bank accounts and transact via WhatsApp, as part of their committed to invest at least Sh1.6 billion this year towards digitization, automation and innovation.

The bank says the solution, a first in the market, will allow Absa customers to conduct some of the most popular digital transactions in the market.

These include account-to-Mpesa/Airtel Money transfers, inter-account transfers, bill payments, balance enquiry, among others, on WhatsApp.

Absa Bank Kenya Managing Director Jeremy Awori said that the move is a demonstration of the bank’s commitment to continue investing in digitally led innovative solutions that have the potential to significantly transform customer experience.

“This is a really exciting moment for us at Absa not just because this solution is first-in-market, but more so because it will significantly transform the way our customers interact with us. Essentially, we are …

Absa Bank Kenya has announced a Ksh10 billion fund to advance credit to women-owned small and medium enterprises over the next five years.

The kitty comes as part of the new customer value propositions under the Absa brand.

The women fund is part of the bank’s commitment towards advancing diversity and inclusion by empowering women with financial resources and capacity building to grow their businesses.

The money will be availed to women entrepreneurs through the existing banking products including unsecured and secured loans, trade finance, asset finance, property finance and working capital facilities.

“Women form over 50 per cent of the local and global population and account for a significant percentage of the SME sector. However, their participation in the national economic development is often stifled by limited access to financial resources and social-cultural restrictions. We are confident that this proposition, coupled with the additional interventions we continue to make, …