
M-KOPA secured a $75 million growth equity funding round
M-KOPA has said that it plans to use the $75 million Growth Equity funding it secured to expand into additional countries across Afrika, beyond Kenya, Uganda, Nigeria, and Ghana.
M-KOPA has said that it plans to use the $75 million Growth Equity funding it secured to expand into additional countries across Afrika, beyond Kenya, Uganda, Nigeria, and Ghana.
Chris Irakoze, a programmer from Burundi, exposed a data breach KCB Bank's (Kenya) mobile app which exposed details of 500,000 customers. Irakoze first mentioned the data breach in September 2016.
Kenya's new lending law caps bank interests at 4% above the Central Bank Benchmark Rate, which stands at 10.5%, regulates applicable rates to bank loans, mobile loans, and deposits.