At a time when the country is leveraging inexpensive, accessible tech to mobilize consumers, fintech has emerged has most formidable weapon for boosting Kenya’s digital economy. The country also has its own economic development strategy called ‘Kenya Vision 2030’ that aims to transform the life of its citizens.
In a bid to further spur fintech’s growth, the government has disclosed its plan to manufacture the most affordable smartphone in Africa that will cost just 5,000 Kenyan Shillings. This exemplary move came after Kenyans made a record 1.9 trillion mobile money transactions during the first 11 months of 2021 that was worth more than $55 billion.
