In today’s fast-changing economy, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of many developing nations, including Kenya. They provide employment, stimulate innovation, and drive local economies. However, scaling up remains a challenge for many MSMEs due to financial constraints, limited access to markets, and operational inefficiencies. One solution gaining traction is digital payment…
M-Pesa, a leading mobile money service, has signed an agreement with Dahabshiil, a major money transfer firm, to facilitate direct remittances to Ethiopia. This move is set to enhance financial inclusion and ease the money transfer process for Ethiopians living abroad. Convenient RemittancesThe collaboration aims to simplify how the Ethiopian diaspora sends money home, offering…
Standard Chartered Kenya is making waves with its new SC Juza mobile loan app, offering quick loans to Kenyans. With this app, customers can borrow between Ksh 1,000 and Ksh 100,000, with a monthly interest rate of just 1.60% and a processing fee of 5.50%. However, if you don’t repay within a month, expect an…
Transferring money between African countries can be incredibly frustrating. High fees, poor infrastructure, and security risks plague both individuals and businesses engaged in intra-African trade. Fintechs, banks, and mobile network operators (MNOs) are striving to improve cross-border payments in Africa. Innovations like blockchain, real-time transfers, and better national settlement systems are paving the way for…
