Kenya licenses 42 digital lenders: what it means for credit markets in Africa
Kenya’s licensing of 42 new digital lenders signals a major shift in how credit markets across Africa are evolving. By bringing more players into a regulated framework, the move aims to improve transparency, protect borrowers, and expand access to formal credit. But it also raises important questions about competition, risk management, and market saturation. For lenders across the continent, this development offers both a blueprint for regulation and a reminder that sustainable growth depends not just on scale, but on trust, compliance, and responsible lending practices.
The risks and benefits of mobile apps for financial inclusion
Mobile apps have become a powerful tool for advancing financial inclusion, bringing credit, savings, and payment services closer to underserved populations. By lowering barriers to access and simplifying user experiences, they enable more people to participate in the financial system. However, this rapid expansion also introduces risks, including data privacy concerns, over-indebtedness, and the rise of unregulated or predatory platforms. Understanding both the opportunities and the challenges is essential for building solutions that are not only accessible, but also safe and sustainable.
OnePesa vs. FlexiCash – Which is the best loan app in Tanzania?
Getting access to credit in Tanzania has never been simple. For years, many people, especially those without formal jobs, collateral, or long banking histories have found themselves locked out of traditional financial services. Even for salaried individuals, the process of borrowing from a bank often involves days of paperwork, rigid eligibility criteria, and long waits […]