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MTN Rwanda, in partnership with Commercial Bank of Africa (CBA), launched MoKash, a mobile savings and lending service plan for MTN mobile money subscribers. The service allows MTN Mobile Money users to save money, earn interest on their savings as well as acquire short-term loans through their mobile phones. This will go a long way …

MTN mobile money subscribers have a new possibility to save and borrow money, thanks to a new platform, known as MoKash. MTN Rwanda, in partnership with Commercial Bank of Africa (CBA), yesterday launched the revolutionary savings and loan product that enables registered MTN Mobile Money customers to save, earn interest and take out short-term loans. …

Getty Images / iStockphoto Text size Bank loans may seem like the perfect cure for today’s volatile and high markets. They earn a lot, just under 5%, as many of the companies that issue these securitized loans are rated below the investment grade. Plus, their interest rate is adjustable, so when rates go up, their …