By GEOFFREY IRUNGU
Kenyan financial transaction messages through the global SWIFT network rose 9.4 per cent year-to-date compared to the same period last year, newly released data shows.
This was above the global and Africa average growth of 6.7 and 4.4 per cent respectively.
The increase in the messages in Rwanda was, however, higher at 37.1 per cent.
The organization, which enables the global community of users to communicate securely by exchanging standardized financial messages in a reliable way, said for Africa there was a deceleration in the growth due to slower economic growth.
“Several markets in East Africa also experienced strong traffic growth. Kenya and Rwanda saw an increase of 9.4 per cent and 37.1 per cent respectively, versus the same period in 2018,” said the firm in a statement.
Ghana and Nigeria saw growth of 32.1 per cent and 24.5 per cent, respectively. Gambia’s growth was at 18.9 per cent, Liberia at 13.8 per cent and Sierra Leone at 22.6 per cent…Read more>>
