Kenyan mobile lender customers in Uganda hit 0.6m in two months

A man stands next to an M-Shwari poster in Nairobi. PHOTO/FILE 

Kenya's Commercial Bank of Africa (CBA) has signed up more than 600,000 subscribers in Uganda on its mobile-banking equivalent of the M-Shwari less than two months after launch.

The Nairobi-based lender on August 9 unveiled MoKash in partnership with MTN Uganda, seeking to replicate the success of M-Shwari in the landlocked economy.