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…
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…
A chama, derived from the Kiswahili word for “group,” is a self-help initiative that operates on the principles of collective saving and investment. These informal cooperatives have become a powerful financial tool, empowering individuals and communities across Kenya. With origins tracing back to the 1960s, chamas have evolved significantly, transitioning from simple savings groups into…
Introduction: Making Money Work for You Many people ask, “How does Safaricom MMF work?” This isn’t just a technical question—it’s about trust and opportunity. How can your M-Pesa balance grow safely? This guide explains everything in simple, clear language. We will cover how MMF works, how to start, where your money goes, and how to…
Nairobi, Kenya – Tether, the issuer of the world’s largest stablecoin USDT, has announced a strategic $5 million investment in Kenyan blockchain startup Kotani Pay, marking a significant commitment to solving Africa’s last-mile financial inclusion challenges. The investment will accelerate the development of seamless off-ramp infrastructure that converts USDT to local mobile money currencies, potentially reaching…
