For years, Kenya's banks ignored the microcredit sector until mobile phone operators proved its profitability. Launched three years ago, the Mshwari credit service now has some 14 million customers.
Mshwari is a new mobile payment system that allows to save and borrow money through the phone while earning interest on money saved. It is an attractive offer for Kenyans with little income and small businesses.
Microloans via mobile phone are providing a lifeline for many low-income entrepreneurs in Africa.
Studying for a degree can be expensive in Africa, so free e-textbooks are welcome. But they can't, on their own, make up for the deficiencies in the African education system.
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