SMEs hit with up to 32% interest rates by Micro Financiers
The Central Bank of Kenya (CBK) has raised concerns about microfinance banks (MFBs) charging high…
AI Revolutionizes Credit Scoring in Kenya: How Digital Lenders Are Redefining Loan Approvals
Kenya’s digital lending space is undergoing a seismic shift as artificial intelligence (AI) transforms traditional credit scoring models. With over 50 digital lenders now using AI-powered algorithms, the rules of borrowing are changing dramatically. But how exactly are these systems making lending decisions, what data are they using, and crucially – are they fair to…
Trump Imposes 10% Tariff on Kenyan Goods: What It Means for Trade and Economy
U.S. President Donald Trump has imposed a 10% tariff on Kenyan aluminum and steel products. This decision, part of broader protectionist measures, threatens to disrupt one of Kenya’s most valuable trade relationships. But why has Kenya been targeted, which industries will be hardest hit, and how might the East African nation respond? This article breaks…
Central Bank of Kenya to Propose New Loan Pricing Model in April 2025: What Borrowers Need to Know
Central Bank of Kenya (CBK) prepares to unveil a new loan pricing model in April 2025. This highly anticipated move comes amid growing concerns about high borrowing costs and lack of transparency in how banks determine interest rates. But what exactly will this new model entail, and how will it affect millions of Kenyan borrowers?…
ChamaConnect: The Blockchain-Powered Future of Chama & SACCO Banking
Say Goodbye to Manual Record-Keeping—Hello to Smart, Secure, & Automated Finance! In Kenya and across Africa, Chamas, SACCOs, and merry-go-round groups have long been the backbone of community savings and financial empowerment. But despite their importance, many still struggle with manual bookkeeping, lost records, loan disputes, and transparency issues—problems that can erode trust and slow…
Bybit and AltSchool Africa Join Forces To Empower African Tech Talent: Empowering Africa’s Next Tech Titans!
Global cryptocurrency exchange Bybit has partnered with AltSchool Africa, a leading tech education platform, to launch a blockchain and web3-focused training program. This collaboration aims to equip African students with the skills needed to thrive in the rapidly evolving blockchain and cryptocurrency sectors. But what does this partnership mean for Africa’s tech ecosystem, and how…
Chama Connect: Revolutionizing Group Savings and Investments in Kenya
One unique thing about Kenya is that group savings and investment clubs, commonly known as chamas, are deeply ingrained in our culture. Chama Connect, game-changing innovative platform is transforming how chamas operate, offering digital tools to streamline management, enhance transparency, and maximize returns. But what exactly is Chama Connect, and how is it reshaping the…
Global Food Prices Surge as Sugar, Dairy, and Vegetable Oil Hit Record Highs—What this Means Consumers & Global Economies.
Global food prices have risen sharply, driven by significant increases in the cost of sugar, dairy, and vegetable oils. According to the latest data from the Food and Agriculture Organization (FAO), this upward trend in food prices is putting pressure on consumers, businesses, and governments alike. But what’s behind this surge, and how will it…
Mobius Motors Bought by Middle Eastern Firm Silver Box: What This Means for Kenya’s Automotive Industry
Mobius Motors, the homegrown vehicle manufacturer known for its rugged, affordable cars, has been acquired by Silver Box, a Middle Eastern investment firm. Mobius Motors has been a symbol of Kenyan innovation and industrial ambition. But what does this deal mean for Kenya’s automotive industry, the future of Mobius Motors, and the broader economic landscape?…
