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Episode 96: Mobile Lending in Kenya

Episode 96: Mobile Lending in Kenya

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Episode 96: Mobile Lending in Kenya

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Episode 96: Mobile Lending in Kenya           Episode 96: Mobile Lending in Kenya          
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    Mobile lending in Kenya has experienced a boom in recent years. Customers are able to apply for and receive loans through their mobile phones, and this has drastically changed Kenya’s financial landscape. Mobile lending is made possible through mobile money transfer technology, which was introduced in Kenya by Safaricom in … READ MORE

    Episode 72: The Impact of Interest Rate Capping

    Episode 72: The Impact of Interest Rate Capping

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    Episode 72: The Impact of Interest Rate Capping

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    Episode 72: The Impact of Interest Rate Capping           Episode 72: The Impact of Interest Rate Capping          
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      In September 2016, Kenya passed the Banking Amendment Act, creating interest rate controls where there were none before. It sets the maximum lending rate at no more than 4% above the Central Bank base rate; and the minimum interest rate granted on a deposit held in interest earning accounts with … READ MORE