CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Tanzania: towards 90% digitization of CRDB Bank

With 80% of transactions already done via a digital platform, CRDB Bank, one of the main commercial banks in Tanzania plans to digitize its services 90% by the end of the year.

Tanzania: towards 90% digitization of CRDB Bank

Customers of this bank will soon be able to avoid spending more time in its branches and engage in other production activities. This is in any case the objective aimed by the dematerialization of this banking establishment.

In its commercial strategy for 2022, it is about meeting customer needs with a single click. To achieve this, its leaders are betting on "Popote Inatiki" a special campaign that aims to see more applicants use the digital platform to boost the efficiency of service delivery. This, in a simplified way and to save time spent in physical establishments.

"Thanks to digital transformation, a customer does not need to go to branches to access services in urban, rural, home or street, regardless of day or night," said Dr Joseph Witts, the group's commercial director, picked up by the local press.

The digital platform currently available for CRDB customers is already accessible every day and at all hours. According to the bank, transactions are carried out digitally via SimBanking, SimAccount and Internet Banking, CRDB and TemboCard agencies via the shopping center (PoS) and online (electronic commerce).

Its chief commercial officer also claimed that over the past year, all of these digital service delivery systems have been upgraded. Now it's about educating customers.

In this mission Joe Bendera, the main marketing director of the company recognizes that young people are the most advanced in this field. A fact, which should allow him to reach all Tanzanians. He even counts on the influence of some local artists to raise awareness and educate the rest of the community on the use of electronic services.