Mobile

Over 16.4 million micro digital loans disbursed since the first digital credit offering in Kenya

Over 16.4 million micro digital loans disbursed since the first digital credit offering in Kenya

Business, Mobile, Startups, Technology
About 17 million digital loans have been disbursed to Kenyans as an increasing preference to mobile phone to access credit since the launch of the first digital credit offering seven years ago. A new survey completed last month shows fast growth of borrowing through the phone, with other findings showing huge default rates but for relatively small amounts. An international firm, Microsave Consulting, conducted the study which involved interviews with various credit providers with fin-tech products, including banks. During the first half of 2019, MSC was commissioned by SPTF and the Smart Campaign to undertake a comprehensive study on the current state of digital credit in Kenya. This study revealed:  Across Kenya, 16.4 million loans have been disbursed digitally since the lau
Safaricom launches ‘no expiry’ data bundles, calls and SMSs

Safaricom launches ‘no expiry’ data bundles, calls and SMSs

Broadband, Business, Mobile, Technology
Safaricom has today announced a new type of data bundle that do not expire which is a feature users have been waiting for so long. This comes after Kenyan telcos Safaricom, Airtel and Telkom Kenya were sued over expiry of data and loss of unused Internet bundles. Most recently, the Ghanaian Ministry of Communication in a letter dated October 9, directed all Telecommunication operators in the country to stop the expiry of voice and data bundles purchased by consumers. “All unused data and voice bundles purchased by subscribers that has not been used must not expire and must be rolled over with the next recharge,” read the letter by Ghanaian Ministry of Communications. You can buy these ‘no expiry’ bundles from mySafaricom app or by dialling the usual *544#. You need to update the mySaf
Ethio Telecom to launch 4G network as the telecoms sectore preps for liberalisation

Ethio Telecom to launch 4G network as the telecoms sectore preps for liberalisation

Broadband, Business, Internet, Mobile
Ethiopia’s state-run Ethio Telecom plans to install a 4G network in the capital and other regions and to upgrade other network services, it said on Friday, as the government prepares to open up the sector to private foreign investment. In July, Ethiopia announced it would award two telecoms licenses to multinational mobile companies, signaling a move toward opening up one of the world’s last major closed telecom markets. Referring to the liberalisation drive, Ethio Telecom on Friday announced a three-year strategic plan to “reshape the company and lead with business orientation and a competitive mindset.” Based on data traffic growth and demand, Ethio Telecom will roll out 4G network capacity in Addis Ababa and other regions, and improve network coverage and capacity, the company
Kenya’s Mobile money transactions hit Sh2.5 trillion

Kenya’s Mobile money transactions hit Sh2.5 trillion

Business, Mobile, social media, Startups
The value of mobile money payments rose by 11.1 percent to hit Sh2.5 trillion in the first seven months of this year, new data from the Central Bank of Kenya (CBK) shows. The increase happened even though the actual figures from month- to- month fluctuated between Sh328.2 billion and Sh368.4 billion. The total value for the seven months was Sh2.5 trillion compared to Sh2.25 trillion in July last year. In July, the value stood at Sh366.4 billion, about Sh20 billion up from June’s Sh346.8 billion. Compared to July last year, the upward change was higher at Sh34 billion or 10.2 percent. The change underlines the rising popularity of the mobile money in transactions where many banks, mobile lenders, savings and credit societies and merchants have also been linking up with the mobile b
WIPO ranks Kenya second leading innovation hub in sub-Saharan Africa

WIPO ranks Kenya second leading innovation hub in sub-Saharan Africa

Mobile, Startups, Technology, Women
Kenya has been ranked the second leading innovation hub in sub-Saharan Africa by the World Intellectual Property Organisation in its latest Global Innovation Index (GII) 2019 report. Kenya’s so-called Silicon Savannah only trails upper middle income economy South Africa, with Mauritius coming third. “Kenya has a track record for recording high levels of innovation, outperforming on levels of innovation relative to GDP for the ninth consecutive year, an excellent record at par with other lower-middle-income countries like India, the Republic of Moldova, and Vietnam,” reads the report. Kenya’s innovative strength has been attributed to startups’ easy access to credit and microfinance loans. “As in previous years, Africa shines in terms of innovation relative to level of development. Ou