Rokel Commercial Bank Takes to the Streets in Digital Awareness Parade


In a vibrant display of technological prowess, Rokel Commercial Bank (RCB), Sierra Leone’s premier banking institution, orchestrated a lively floating parade on Saturday, February 10, 2024.

The parade, stretching from the up-gun turn table to the bank’s headquarters on Siaka Stevens Street in Freetown, aimed to sensitize the public about the bank’s digital products and their myriad benefits to customers.

The well-attended event saw a convergence of senior and junior bank staff, accompanied by a multitude of media personnel, navigating the streets of Freetown to disseminate information on RCB’s digital offerings. The parade was adorned with the sounds of Sierra Leonean music and the lively bubu dance, providing entertainment for both staff and onlookers while effectively conveying the bank’s message.

In a Brief statement Dr. Walton Gilpin, Managing Director of RCB, expressed enthusiasm about the event, stating, “This is the beginning of more things to come. The float is also a way of celebrating the banking sector and educating customers and the public about banking in a new and unique way.” Gilpin emphasized that the massive float parade served as a comprehensive awareness initiative for everyone to acquaint themselves with the bank.

Dr.Gilpin highlighted the bank’s commitment to digitalization, showcasing initiatives such as ATM cardless transactions, issuance of Visa Prepaid Cards, and the integration of services like SIMKorpor and EKorpor. These advancements, he noted, streamline tasks, enhance efficiency, reduce errors, and expedite processing times.

Expressing gratitude to the dedicated staff, Gilpin assured that RCB would extend its sensitization efforts nationwide, ensuring every Sierra Leonean gains a comprehensive understanding of digital banking, cybersecurity, and the benefits of going cashless.

Director of Credit Risk Management, Mrs. Milicent Cole, added that the mass marketing campaign aimed to provide insight into the bank’s digital systems and products. She affirmed that RCB’s outreach wouldn’t be confined to Freetown, as the bank plans to traverse the provinces, ensuring customers across the nation are well-informed.

Mrs. Cole hinted at future interactive activities, including Fun Days and sporting events for staff at RCB’s beach house in Goderich. Additionally, she revealed the bank’s commitment to promoting agriculture and other critical human capital development initiatives.

As Rokel Commercial Bank takes strides in digitization, their dynamic approach to public awareness underscores their dedication to embracing the digital era and ensuring every citizen is equipped with the knowledge to navigate the evolving landscape of modern banking.




Source link

Air France’s Final Flight Leaves Sierra Leone as Operational Suspension Takes Effect


October 28th, 2023 marked the final day of Air France’s operations in Sierra Leone. The airline bid adieu with its last flight departing from Freetown International Airport, heading to Paris via Guinea Conakry. This departure came following the airline’s earlier announcement of the suspension of its services at FNA due to persistently low passenger numbers, resulting in substantial financial losses.

For over two decades, Air France has been a prominent contributor to Sierra Leone’s tourism and aviation sector, aiding the government in job creation and bolstering the country’s revenue through tax payments. However, the dwindling profitability rendered the continuation of operations unviable, causing the regrettable cessation of services.

This development has significantly impacted Sierra Leone, particularly amidst the recent inauguration of the country’s state-of-the-art airport. The absence of Air France not only stands as a substantial loss but also raises concerns about reduced competition among the limited airlines operating within the nation.

The reduced competition might precipitate higher ticket prices for passengers traveling in and out of Freetown International Airport. This increase in costs could potentially burden travelers, posing a concern for the accessibility and affordability of air travel in and out of Sierra Leone.

The discontinuation of Air France’s services is a setback for the nation’s aviation industry, casting a shadow over the immediate future of air travel within Sierra Leone. As the country navigates this change, stakeholders are left contemplating the impact on both the economy and the ease of travel for its citizens and visitors.




Source link

15% GST Takes Effect on Orange Money And AfriMoney Cash Out Charges


Sierra Leone’s mobile money providers Orange and Africell, have begun implementation of the Goods and Services Tax (GST) on all their financial services.

The implementation took effect today October 15, 2023, in line with the recently introduced Finance Act of 2023.

For consumers, the introduction of GST means it will now cost more money to use mobile money services.

 

🔵 Clarification on Africell Cash Out Charges with GST🔵

❕For 100: Old Charge: 3.05, New Charge with 15% GST: 3.51

❕For 500: Old Charge: 11, New Charge with 15% GST: 12.65

❕For 1000: Old Charge: 20, New Charge with 15% GST: 23

❕For 2000: Old Charge: 35, New Charge with 15% GST: 40.25

 

🟠 Clarification on Orange Cash Out Charges with GST 🟠

❕For 100: Old Charge: 3.05, New Charge with 15% GST: 3.51

❕For 500: Old Charge: 11.5, New Charge with 15% GST: 13.23

❕For 1000: Old Charge: 26.1, New Charge with 15% GST: 30.02

❕For 2000: Old Charge: 43.5, New Charge with 15% GST: 50.03

Kindly note that the 15% GST is applied on the transaction fees, NOT on the cashout amount.




Source link