High costs and informality hinder Kenya’s business capital growth, while Absa launches a shariah-compliant mobile banking platform.
Analysis: African Development Bank (AfDB) reports that systemic challenges such as high informality and costly business practices hinder Kenya’s business capital growth, particularly affecting micro, small, and medium enterprises (MSMEs).
Analysis: Absa Bank Kenya has launched La Riba Timiza, the country's first fully Shariah-compliant mobile banking platform, aimed at enhancing financial inclusion within the growing Islamic finance market.
