Orange Money Sierra Leone has last Thursday 18 April, 2024 singed a partnership with and MikashBoks.
Signed at Orange Money SL Conference Hall, Orange Money headquarters, Hill Station in Freetown, the partnership is aimed at enabling MikashBoks and Orange Money SL customers have easy financial services via their phones. The even formed significant aspect of the country’s financial inclusion drive, through formal and informal sectors players.
Addressing partners in the financial service delivery sectors including customers of both companies, the Chief Executive Officer, Orange Money Sierra Leone, David Mansaray expressed his profound delight at the partnership.
Mansaray vividly reflected on the cashbox idea saying that the thought has been there since the last century, pointing out that the notion has been widely practiced in Sierra Leone, Africa and beyond.
The Orange Money Sierra Leone CEO informed that what is new with the innovations the digitalisation of cash transfer, savings and other forms of electronic financial services. He described the Orange Money Sierra Leone – MikashBoks partnership as a dream come true.
‘Long ago if people wanted to set up a cash box they had to go to a carpenter to build it for them,’ he reminded audience and firmly reassured that now one just need to have a phone and open him/herself a cash box, where a customer can save money, which can be used at any time. He added that if a customer wants to save money for a specific purpose, he/she should save it as ‘don’t touch the money’, which will be kept and the person will earn interest for saving. A scheme he referred to as a very good thing.
Mansaray said MikashBoks has a digital history of financial transactions and this information can be accessed by other financial service delivery institutions, noting that it is a good choice to bring people from the informal sector to the formal sector. He added that once a customer is operating from the formal sector, such customer will have access to credit.
He disclosed that debt is not a bad thing, encouraging customers not to take too much debt that he/she cannot sustain. The Orange Money Sierra Leone CEO said if a debtor can sustain his/her liabilities, then the person should use that money to achieve something.
Giving an overview of the joint venture, the Head of Strategy, Partnership and Marketing, Orange Money Sierra Leone, Joseph Tengeh, said they tied the between Orange Money and MikashBoks.
He said Orange believes in partnerships with whosoever comes on board, adding that to see how best they can dive into financial inclusion they are ready to partner with whosoever has lucrative ideas. Orange, he continued, believes in supporting people in terms of savings.
He encouraged everybody to join hands in this partnership by supporting and celebrating with the partners to ensure that Orange Money and MikashBoks grow, promising that every Sierra Leonean will enjoy the partnership.
Kelvin Logan, Customer Support at MikashBoks, in his statement, thanked the Orange management for making this partnership. He said MikashBoks is a financial mobile app which makes it easier and safer for individuals to save money and interest by using one or two options which is the “osusu” device as well as the “personal cash box” which is individually done.
He furthered that the idea of “osusu refund” came about when their founder, Mr. Saltee Masalay, was forced to drop out of university in the United States due to financial constraints.
He said that MikashBoks was not built up in a day or two but it has been a process over the years with due diligence and a lot of work put in place. He added that while Masalay was at the university his mother contributed to “osusu” for several years just to save up money for his fees.
He went on that when additional funds were needed to cover schooling costs, the “osusu” was not enough so she had to get a loan from the bank and that is where MikashBoks came from.
In a product demo done by Reginald Campbell, Regional Deployment Lead, MikashBoks, he said they are available on the Goggle Play Store for android users and for those using iPhones or basic feature phones the person should sign up by dialling *352#.
He said MikashBoks is a mobile app showing Sierra Leone with the inscription it “pays to save”, adding that they make it easier and safer for individuals and groups to save and earn interest using their “Osusu Na Yu Phone” and “Personal Cashbox” features.
Campbell furthered that they give excluded communities access to a full range of financial services, adding that they earn interest at a competitive rate on their savings and building a credit history and reputation within their platform.
He said they can be connected to a marketplace of financial services by providing fair opportunities like bigger loans at a better rate.
Campbell said this makes it easier and safer for individuals and groups to save and earn interest using their “Osusu Na Yu Phone” and “Personal Cashbox” features.
He ended that they were granted the financial service license from the Bank of Sierra Leone in November 2023.
Africell Sierra Leone Presents NLe 300 Cash Prize to Win Kopo Show Winner and Unveils NLe 1,000,000 Prize Pool for Subscribers.
Africell Sierra Leone continues to demonstrate its commitment to rewarding its loyal subscribers as it officially handed over the grand prize of NLe 300 to the final winner of the Africell Win Kopo show. The event, which also marked the unveiling of this year’s edition of the Africell Win Kopo show with a staggering prize pool of over NLe 1,000,000, was celebrated with enthusiasm and anticipation.
Hosted by the charismatic Fatmata Jaria Bah, the Africell Win Kopo show has become a household name, captivating audiences for over a year. Reflecting on the success of the previous edition, Bah highlighted the remarkable achievements of subscribers who collectively won over a million daily prizes. From daily rewards to weekly bonuses and semiannual jackpots, the show has consistently delivered excitement and rewards to Africell subscribers.
Eighty-year-old who resides in Kamakwe, Karene District Mohamed Barrie, the deserving winner of the grand prize, expressed heartfelt gratitude to Africell Sierra Leone for fulfilling his dreams. A dedicated Africell subscriber for over a decade, Mohamed Barrie, a cattle rearer, embodies the diverse community of individuals who benefit from the telecom company’s initiatives.
The Chief Corporate Affairs Officer of Africell Sierra Leone, Joe Abass Bangura, took center stage to officially unveil this year’s edition of the Africell Win Kopo show. Joe Abass Bangura outlined the revamped format, which promises even greater opportunities for subscribers to win. With daily prizes of NLe 500, weekly rewards totaling NLe 5000 for four lucky winners, and quarterly jackpots, the stakes have never been higher.
To participate in the Africell Win Kopo show, subscribers simply need to be Africell customers and either purchase a rechargeable top-up of any amount or opt for the trivia questions by dialling *4888#. This accessible and inclusive approach ensures that all subscribers have an equal chance to join the excitement and win big.
The culmination of the event was marked by the symbolic handing over of the final winner’s cash prize and a jubilant group photo featuring the winner’s representative and Africell Sierra Leone management. As Africell continues to empower and reward its subscribers, the stage is set for another thrilling season of the Africell Win Kopo show, where dreams turn into reality.
