UAE Exchange becomes Unimoni, invests 100 million dollars to support its development in Africa



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  UAE Exchange becomes Unimoni, invests 100 million dollars to support its development in Africa

Santhosh KJ (member of the Executive Committee), Maurice Loustau-Lalanne (Minister of Finance, Investment, Trade and Industry) of Economic Planning of Seychelles) and Bhavesh Goswami (Director of Unimoni Seychelles) (Unimoni Seychelles)

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(Seychelles News Agency) – UAE Exchange which has a branch office in Seychelles, changed its name to Unimoni in a ceremony held in Nairobi in the presence of regional officials Unimoni

Unimoni is a company that deals with the transfer of money and exchanges between African countries and also with the United Arab Emirates.

Finablr's executive director and general manager of the group, Promoth Manghat, said, "As a group, we have invested $ 100 million to support our growth and expansion efforts in Africa during the next decade. "

Unimoni is the abbreviation of Universal Money and Branc H in Seychelles – UAE Exchange – began operations in 2011. It has three branches: two on the l & # 39; main island of Mahe and one on Praslin, the second most populated island.

brands such as Unimoni, UAE Exchange Travelex and Xpress Money the Finablr network expands on 45 African markets

Unimoni plans to being present in 14 African countries "Allen Semboze, Regional Director for Africa, Unimoni, said:" The next few years will be very eventful for Unimoni, as we pursue our ambitious growth strategy.

"We are in advanced discussion with various partners, including mobile network operators to develop new money transfer solutions. These services will be available in four of our seven markets in Africa in the second half of 2018, "he added.

The rebranding exercise follows a previous human rights announcement. Bavarian businessman Bavaguthu Raghuram Shetty, founder and chairman of the UAE Trade Group In April, Shetty launched "Finablr", a holding company which, subject to regulatory approvals, aims to consolidate its global portfolio of leading financial services brands. one roof, including Unimoni, UAE Exchange Travelex and Xpress Money.

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