Commuting through most African cities has been described as ‘having a ride through hell’ by many international travel writers. Dogged by heavy traffic gridlocks, unpredictable fare tariffs and happy-go-lucky matatu drivers- famous for defying rules- African cities have a long way to catch up with their western counterparts. Driven...
Musoni is an innovative, cashless, paperless and data driven microfinance institution that leverages on technology to bring financial inclusion to the underserved population. The institution is globally recognized for key achievements such as being the first Microfinance Institution (MFI) in the world to go 100 per cent mobile, enabling clients...
There is no escaping the facts that small and medium businesses are the backbone of the Kenyan economy. Like any other entrepreneurs across the globe, Kenyan entrepreneurs often find themselves facing stubborn financial straits. When this happens, their businesses implode. Cash constraints bite hard, culminating in staff layoffs. In extreme...
Aspira MD Yoeal Haile discusses how the lender is financing lifestyles through a revolutionary point of sale fintech solution Various researchers have identified that access to the Internet would be critical in the development of Kenya and a key driver for innovation. With the country’s increased broadband penetration driven by...
Founded last year, credit institution is impacting the market with a new form of financing By Wachira Kambogo Like any other entrepreneurs across the globe, Kenyan entrepreneurs often find themselves facing stubborn financial straits. When this happens, their businesses implode. Cash constraints bite hard, culminating in staff layoffs. In extreme cases,...
When Kobo360 started operations, the logistics sector in Africa was largely informal with unclear pricing and interference from expensive middleman. In some African countries, it could take days, if not weeks to move goods across the country, thus causing businesses to lose money. The firm now has a mission...
CredoLab, based in Singapore, partners with banks and retail lenders to improve financial access in unbanked populations, through alternative data use and collation of mobile touch points Alice sells fruits from office to office in Nairobi, Kenya, but envisions setting up her own grocery shop. She has a secondary school...
For many years, the local insurance industry has been struggling to reach the uninsured. However, new players are beginning to realize the benefit of integrating technology in their operations to increase efficiency and even more important reconnect with customers.  Insurtech firms tend to...
Disruptive innovation happens whenever new technologies alter the way markets operate. The same can be said about fintech. Financial technology (fintech) has a very long history. When most people hear fintech, they think about a revolutionary mobile app or a smart card which can help them pay for bills without...
ECLOF Kenya is a middle tier Micro-finance institution serving the economically vulnerable people living in both rural and urban Kenya. ECLOF Kenya does so by availing both financial and non-financial products and services thus contributing in poverty alleviation of the economically marginalized people in Kenya. Registered as a microfinance company...
“From my earliest days of starting Software Technologies Limited 29 years back and building STL into one of the largest and most successful software companies in East Africa, I have realized that success is down to six key attributes; planning, focus, self-belief, a positive attitude, love for those around...
Kenya has been at the cusp of rapid growth in the last decade supported by strong government, private sector and foreign investment. Key drivers of this development include the ICT sector expanding from 10 per cent to 22 per cent in the same period; with mobile adoption and internet...
Research findings indicate that the relative cost of transporting goods in East Africa is one of the highest in the world. This can be up to 70 per cent or more of a product’s cost going to logistics. According to Mark Mwangi, the co-founder and CEO of Amitruck, this...
After working as a banker, George Mburu opted to take a new challenge in entrepreneurship to fulfill his childhood dream. Working as a professional accountant in a leading real estate firm opened him up to an array of opportunities...