Blogs

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Blogs
March 2016

3 Ways To Participate in the 2016 Global Money Week

This week running from 14th to 20th March is Global Money Week (GMW), whose goal is to “promote the importance of financial literacy and the inclusion and empowerment of youth, in an effort to reshape finance and tackle the poverty trap that results from inadequate resources, knowledge, and education”. The theme of this year’s GMW […]

Blogs
February 2016

The 2016 FinAccess report: Where have we come from?

Think back to 2006: Ellen Johnson Sirleaf was sworn in as the first woman to lead an African nation; one U.S. dollar was worth seventy Kenya Shillings; 47% of Kenyans lived in “poverty”, and Kenya’s first financial access survey took place, known as FinAccess 2006.  “I was a relatively new mum and all I could […]

Blogs
February 2016

Fighting Technology and Big Data with Machetes

“There is one thing stronger than all the armies in the world. An idea whose time has come.” –Anonymous- Uber is currently valued at US$50 billion. Netflix (NASDAQ:NFLX) is worth US$42 billion. AirBnB is worth US$25 billion making it the third-highest valued startup in the world. Closer home, US$4.2 billion (42% of Kenya GDP) was transacted on M-pesa in Safaricom’s […]

Blogs
February 2016

The Potential of Instant Messaging (IM) Apps to Enhance Financial Services

Two days ago, Facebook’s popular Instant Messaging (IM) platform WhatsApp hit 1 billion monthly active users. As I join the rest of WhatsApp enthusiasts in celebrating this milestone, I would like to shift the focus a little bit to the relevance of such a phenomenon to the digital finance space in Kenya. Can this growing […]

Blogs
December 2015

SMEs are good business for Kenya’s growing banking sector

Photo: Maasai women make, sell and display their bead work in Kajiado, Kenya. 2010. Photo: © Georgina Goodwin/World Bank. This blog post originally appeared on the World Bank Private Sector Development blog.   Kenya’s financial sector has expanded rapidly over the last decade and lending to businesses—including small and medium size-enterprises has played a big […]

Blogs
November 2015

How big is our bias? What the Kenya Financial Diaries tells us about what we might be missing in FinAccess

Ever find yourself scrolling through the latest round of FinAccess or FinScope and think to yourself, “But they only visited these respondents once. Did they really get the full picture?” Me too. The Kenya Financial Diaries gives us some idea of the size of the underreporting bias that a onetime access survey might face, at […]