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CBK push finally breaks telcos grip on lucrative mobile money business

Safaricom readies for a split to form a holding unit to house connectivity, mobile money, tower, and Ethiopian businesses as subsidiaries.

Homes overtake other sectors in borrowing

Households uptake of loans accounted for 10 percent of all bank advances to March 2022.

Kenyans top global uptake of mobile money-based app loans

The report from the international association for mobile network operators GSMA shows 36 percent of Kenyans acquired loans through their phones in 2021.

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