Gulf African Bank has appointed Mr Anuj Mediratta as its new Chief Executive officer, following the retirement of Abdalla Abdulkhalik who will now serve in a new role as an executive director.
Mr Anuj Mediratta, a banker with over 25 years of experience, served as the bank’s deputy CEO and head of banking prior to his appointment. where he was in charge of the Corporate, SME and Retail Businesses, and Product Development. Anuj brings onboard wide experience in Banking having held several senior positions at Standard Chartered Bank including Managing Principal and the Head, Structured Trade and Commodity Agriculture at Barclays bank.
Meanwhile, Safaricom and Gulf African Bank last month announced a partnership to a Shariah-compliant mobile financing product dubbed Halal Pesa riding on M-Pesa.
M-pesa users accessing the loan product will have a repayment period of 30 days at a 5% commodity Murabaha margin. The limit can be increased based on a customer’s usage of Halal Pesa.