Loita Transaction Services (LXS)

LXS supports the group subsidiaries involved in the automation of transactions and applications of increasingly sophisticated card technologies. LXS was created in late 2001 and has established fully operational Electronic Funds Transfer and switching businesses in Zimbabwe, Kenya and Zambia – “The Switch” - along with the requisite support infrastructure and services. Key to the positioning of any successful electronic banking switching, clearing and settlement Company, is its relationships with the central banks and banks in the respective countries in which it operates. Loita, and its group companies, have successfully invested in this area and have set up businesses which require negotiation, investment and development of relationships with local, international and the central bank in the particular region.

LXS has invested in the hardware, software, implementation and maintenance of the processing of The Switches. These switches act as payment hubs from the customer end-user with his/her card, the merchant or ATM machine or other, the transaction and the bank which is effecting the payment. The software used is both proprietary and third party which enables LXS to provide tailor-made solutions to each country and its specificities. LXS has designed, implemented and now manages these electronic transaction & payment processing systems in sometimes the most difficult environments which all lends to the overall group experience in this business practice.

Through LXS's two core divisions; EFT CORP and the Pan African switching businesses:

  • LXS is positioned to bring together the most advanced technology capabilities within the group, whilst making use of the coordination and synergistic relationships between these companies and becoming the market leader in developing, and providing advanced products to the Pan - African market,
  • LXS objective is to bring advanced technologies not only to the large banking and non-Banking customer but also to the SMEs. In doing so, whole segments of the African customer base, mostly under-served by the large banks, will benefit. LXS prides itself in possessing extensive expertise in financial and banking payment systems, as well as skills in systems integration for complex and large projects.

Electronic banking is widely anticipated to be the next technology explosion on the continent after cellular telephone technology. Electronic Funds Transfers and Payments have been the key to the growth of Electronic Banking in Africa over the past few years.


N. Justin Chinyanta, a former Vice President at Citibank and HSBC Bank’s Africa offices cofounded the Loita Group in 1994 (www.loita.com), a pioneering pan-African investment banking and financial ICT group (headquartered in Mauritius), which through wholly owned subsidiary Loita Capital Partners International has advised on, structured and arranged in excess of USD 6 billion in various funding transactions, in addition to its activities in financial technology (through another wholly owned subsidiary Fintech International) as well as digital payments and switching space (Loita Transaction Services). 

A past non-executive board member of numerous public and private sector boards such as Ecobank Malawi (Chair Risk and Credit Committee) and Johannesburg Securities Exchange listed infrastructure firm Group 5 (Member Risk Committee and Remuneration Committee), Justin presently chairs FinCredit Kenya and Uganda, and also serves as executive Vice President (Southern Africa) for the Africa Business Roundtable. He is one of the pioneer members of General Colin Powell and Ms Madeleine Albright’s Initiative for Global Development’s Frontier 100 CEOs and in April 2013, became a member of the Duke of Edinburgh’s Commonwealth Study Conference Leaders Forum. In December 2017 he was appointed by the Government of Zambia as Non-executive Chair of the National Housing Authority, and has previously served as honorary member of Zambian President Mwanawasa’s Investment and Business Advisory Council.

Justin is a Fellow of Harvard University (Weatherhead Center for International Affairs) and a graduate of the Fletcher School of Law and Diplomacy at Tufts University (International Business Transactions and Financial Law). He is an Advocate of the Zambian High Court with an LLB from the University of Zambia.

Mr Yousef S. Bazian co-founded Loita Holding Corporation in 1992, the holding company which owns Loita Capital Partners International, Fintech International and Loita Transaction Services. He currently serves as the Chairman of Fintech International and Loita Transaction Services, the two Information Technology clusters of the Loita Group.

Mr Bazian, a trained banker, was educated at Yarmouk University with a degree in Marketing and Finance. He commenced his career in Citibank, Jordan and transferred to the UK and to Africa to serve as a Resident Vice President in the East African, Indian Ocean and Angolan region until 1992. Mr Bazian then moved to HSBC Equator as Vice President with regional responsibilities for East Africa and Angola until 1994. Following a stint as Regional Manager at Cairo Amman Bank covering the Palestinian Territories based out of Ramallah, Yousef moved to set up and run the Corporate Finance division at Arthur Andersen in Riyadh, Saudi Arabia until 1999.

In 2008, Yousef joined Ernst and Young in the Middle East and was responsible for Transaction Advisory Services for Sovereign Wealth Funds and Private Equity moving in 2009 to set up and lead the PwC Corporate Finance Division in the Middle East and established the industry grouping of SWF and PE. He joined PwC’s ME board of Directors in 2011 where he served until his retirement from the Firm.

Thereafter, Mr Bazian acted as Chief executive Operations of the Aperture Group Management Company in Qatar. Mr. Bazian serves on the board of directors of Palestine Investment Bank in Ramallah and is a trustee on the board of trustees of The Galilee Foundation, a UK registered foundation focused on education.

Mr. Stephen Enderby is the CEO with more than 15 years experience in the IT industry, specifically in the financial arena. Mr Enderby’s IT career with Nouvobanq involved exposure to all areas of banking automation. Subsequent to this, he gained valuable experience in Electronic Funds Technology as a software specialist with GR Fairall Ltd, working on such projects as the initial Central African Building Society (CABS) ATM implementation.

In 1991 Mr Enderby left to take the position of IT manager for Nouvobanq Botswana, responsible for the bank’s infrastructure gaining in depth business experience. After the Nouvobanq merger with First National Bank, Mr. Enderby joined Botswana General Insurance Limited as Project Manager responsible for the implementation of the company’s Under-Writing package.

Returning to Zimbabwe in 1996, he took up the position of Project Manager with Transaction Processing Systems, later becoming the Business Development Manager responsible for sales, implementation and project management of EFT and eCommerce solutions within the SADC region.

Stephen joined the group in 1999 and is responsible for the establishment, development and growth of EFT. He has been the entrepreneurial driving force behind the division’s development and the technical implementations. Stephen has the rare ability to create the vision of the group as well as providing the customers with world class technical excellence. 

Dr. Delwin Roy, an American citizen, is the Secretary/Treasurer of Loita Holdings Corporation Africa. Dr. Roy is the chief officer for corporate governance and compliance, corporate social responsibility, and legal affairs. He also contributes to the Group's strategic planning and management. Dr. Roy holds degrees from the University of California, Berkeley (BS and MBA) and Ph.D. from the Krannert School of Industrial Management, Purdue University. He has served as a Fellow, Center for International Affairs, Harvard University; Senior Fellow, Wharton Applied Research Center; Research Associate, Middle East Research Institute, Un iv. of Pennsylvania; and, Visiting Professor, School of Law, Stanford University. Dr. Roy's international professional career includes positions with Cornell University, School of Business and Public Administration; U.S. Agency for International Development; The Ford Foundation; Citibank, N. A., and The Hitachi Foundation (formed by Hitachi, Ltd.) where he served 13 years as Founding President and CEO. His publications include extensive works on Middle Eastern economic policy, education and economic development, international business administration, global corporate responsibility, and public enterprise management. Dr. Roy also serves as Chairman and President, The Eric Edward Roy Fund for Education in Africa (Eric Roy was a Founding member of the Loita Group), and is a board member of the Orphan Support Africa, a not-for-profit group committed to building community capacity in support of HIV/AIDS orphans in Africa. 

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