After stripping off the band-aid of curatorship last year and relaunching, African Bank, the once ailing micro-lender, is emerging from its recovery and plans to offer existing and new clients products that it hopes will lure them from competitors. The bank, which has partnered with MMI to offer insurance products at its branches, expects to launch its transactional bank by June next year. Following this, African Bank has plans to tie up with a telecommunications company to deliver data-driven products to customers, though it was mum on exactly what these would be. "We want to bank, insure and connect. If people are saying data is now a human right, we want to provide data to customers cheaply and in a timely way," said Basani Maluleke, African Bank's operations executive earmarked to become CEO when Brian Riley steps down in March next year. More affluent market African Bank's transactional bank will be launched internally to staff as early as February and its success will be Malul...
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