The Miseducation of Informal Sector Biashara

 

Biashara in Africa’s emerging economies – Nigeria and Kenya – are at loggerheads with the state.  An ever bulging young demographic  and a failure to absorb them into the formal economy has resulted in increased biashara.  The informal sectors’ low barrier to entry favours entrepreneurial Africans. They have carved out biashara opportunities for themselves mostly in trade and services.

But, the peculiar nature of the informal economy presents a challenge for state agencies. [Read more…]

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The evolution of Kenya’s informal sector agency

Mobile money human agent were one of the key pillars of Mpesa and mobile money success.

Today, human agents in Kenya, and Nairobi have evolved to cater for an increasing number of services: cash in cash out, banking service, prepaid utility.

[Read more…]

Big Boost for Kenya’s Mobile Lenders

At a budget reading on Wednesday 8th June, Kenya’s Treasury Chief proposed adding more proxies in measuring the credit worthiness of individuals in Kenya. The Credit Reference Bureau, Kenya’s Central credit information sharing database, intends to incorporate rental payments records from landlords, utility payments – water and electricity – , mobile operator data, and Pay TV services.

[Read more…]