This year, the price of a kilo of tea reached a five-year high. Every October, tea farmers in Kenya receive a “tea bonus”; the second lump sum payment for tea delivered to the Kenya Tea Development Authority (KTDA) during the year. The first lump sum, the “mini bonus”, is paid each April.
Which financial services are perceived to be the most important to Kenyans, and why? This interactive heat map draws from the 2016 FinAccess household survey and displays the percentage of people using a range of financial services
How the use of non-financial services can help bankers deliver effective financing.
Poor communication between entrepreneurs and their bankers is often a stumbling block in the delivery of effective financing for enterprise growth throughout the world. The use of non-financial services (NFS) can help with this.
Sports gambling is an equal opportunity pleasure
Beyond the immediate rewards of 1) the euphoria of winning small amounts, and 2) the dream of one day hitting the jackpot, other motivations and benefits of participation in gambling include earning side money from sports research, increased social interaction, and, eventually, greater exposure to other features on the internet.
While Safaricom’s M-PESA platform stole the spotlight for being one of the world’s most transformative financial services, a somewhat hushed storm is infusing in the world of API’s in Kenya since Safaricom’s September-2015 announcement that they have opened up their APIs to the public.