[WATCH] The Evolution of Mobile Banking in Kenya

[WATCH] The Evolution of Mobile Banking in Kenya

In Kenya, M-PESA, the mobile money transfer service established in 2007 by Safaricom, is regarded as the first truly successful mobile money service in the world. M-PESA is accredited with introducing financial services to low-income and unemployed persons across the country, unlocking economic opportunities for millions. However, before M-PESA, the Kenyan banking and finance sector […]

Absa to invest Sh1.6 billion in technology

Absa to invest Sh1.6 billion in technology

Absa Nairobi branch (PHOTO:Wilberforce Okwiri) Absa Bank has said it will invest more than Sh1.6 billion in technology to enhance service delivery. Speaking during a media briefing at the bank’s Queensway branch in Nairobi yesterday, Absa Managing Director Jeremy Awori said delivering a differentiated customer experience remains at the core of the bank’s growth, transformation […]

AGRA financing model sees 230,000 farmers access loans

AGRA financing model sees 230,000 farmers access loans

Despite the fact that innovative financial models have been developed across Africa, relatively little finance options are available to smallholder farmers. Hedwig Siewertsen, the Head of Inclusive Finance at the Alliance for Green Revolution in Africa (AGRA), says the challenge has been the reluctance of most financial institutions to invest in small-scale farmers for a […]