34.7 C
Sierra Leone
Thursday, March 28, 2024

Afrimoney Acclaimed for Credibility

HomeBusinessAfrimoney Acclaimed for Credibility

Afrimoney Acclaimed for Credibility

Date:

Related stories

Parliament ratifies Defence Agreements

The Parliament of Sierra Leone has debated and ratified...

Bishop Tamba Charles puzzled by low turnout for Holy Week activities

Archbishop Edward Tamba Charles of the Catholic Archdiocese of Freetown...

Pujehun District Entertainment Association Awards: Hon. Zombo: ‘Most Influential, Developmental Persons

The Pujehun District Entertainment Association, (PuDEA) has awarded Hon....

EVP hosts successful 2nd Championship Debate Competition in Sierra Leone

In celebration of its 14th anniversary, the ECOWAS Volunteer...

APC Party speaks on arrest of Dj Boxx in Guinea

The All People's Congress (APC) Party has issued a...

Afrimoney has made an incredible stride within the space since it started operations in Sierra Leone in 2016. Afrimoney was established as an answer to the clarion call made by the government, for us to develop a mobile platform that could disburse funds to Ebola victims and survivors as quickly as possible during the Ebola crisis,” Head of Afrimoney in Sierra Leone, Massa Mayson Dennis told newsmen. (https://gunnewsdaily.com/)

She said as a Company, they are very passionate about financial inclusion in driving government’s agenda to ensure people have access to financial services thereby improving the economy.

She disclosed that a recent report commissioned by the Bank of Sierra Leone states that only 20% of people in the country have access to financial services.

“With Afrimoney, we intend to partner with all stakeholders within the space to drive and deepen financial inclusion by creating access to financial services through our robust agents’ network,” she emphasized.

Madam Dennis said they have also made considerable investment into driving education and adoption into the use of digital financial services that has the power to operate in most vulnerable communities.

She disclosed that they have recently made a huge investment in a new platform by deploying an advanced mobile money platform in 2020 that has the functionality to launch more advanced services such as remittances, savings and lending, banking services among others.

On the relationship between them and the Bank of Sierra Leone, Madam Dennis described it as cordial and effective.

She said: “In order for financial inclusion to have any meaningful input, there has to be a good financial regulation. The Bank of Sierra Leone continues to be a partner with Afrimoney and other stakeholders in the financial sector to ensure regulatory service environment to ensure conducive expansion, growth and innovation,” Madam Dennis said.

Latest stories

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once