Device Financing
Exploring device financing options and trends for purchasing mobile and other devices in Kenya and across Africa
- News
Stanbic Bank wants to put solar on your roof with 100% financing and 10-year loans
Stanbic Bank's new plan offers 100% financing and 10-year loans to help Kenyan homeowners and SMEs easily adopt solar power.
- News
Kenya gets its first plug-in hybrid pickup, the BYD Shark 6, backed by NCBA Bank
BYD launches the Shark 6, Kenya's first plug-in hybrid pickup, with a new landmark financing deal from CFAO and NCBA.
- Interesting Reads
Watu financed 1.4 million smartphones in Africa last year — and it’s now a carbon-negative company
Watu, the asset financing company that has become a ubiquitous presence in Africa’s mobility sector, just dropped its 2024 sustainability…
- News
M-KOPA surpasses 3 million active customers, unlocking $2 billion in credit for the unbanked
M-KOPA, the fintech firm known for its pay-as-you-go financing for everything from smartphones to electric motorbikes, has hit a major…
- News
Jumia and Watu are teaming up to offer smartphone financing in Kenya – with a catch.
Jumia and Watu Credit are partnering in Kenya to offer smartphone financing through a Buy-Now-Pay-Later plan using IoT software.
- News
Samsung and Loop are teaming up to make enterprise-grade security affordable for Kenyan businesses
Samsung and Loop are partnering to give Kenyan businesses affordable financing for the Knox device security and management platform.
- News
NCBA Boosts PSV Sector with 90% Financing and Digital Fare Collection Platform
NCBA launched enhanced PSV financing with higher limits, longer tenors, and introduced Komiut, a new digital fare collection platform.
- News
bolttech enters Kenya with LOOP FLEX, a device financing programme bundled with protection
LOOP and bolttech launch LOOP FLEX in Kenya, combining device financing with embedded protection for theft, damage, and breakdown.
- Interesting Reads
Should Parliament Regulate M-KOPA and Co.? Babu Owino Thinks So
Last week in Busia County, fiery Embakasi East MP Babu Owino threw a punch straight at Kenya’s device financing giants…
- Interesting Reads
Kenya’s Smartphone Financing Model Becoming a Global Blueprint for Affordability
In Kenya, owning a smartphone has become more than just a lifestyle choice. It’s an entry ticket to modern life.…
- Interesting Reads
Kenya’s Smartphone Average Selling Price has Nearly Tripled Since 2019
Walk into any phone shop in Kenya today and you’ll notice right away that smartphones are no longer the “cheap…
- News
Equity Bank and CFAO Mobility Launch 105% School Transport Financing with Flexible Payment Plans
Equity Bank and CFAO Mobility offer schools 105% vehicle financing with 84-month terms for Toyota, Mercedes-Benz buses.
- Announcements
M-KOPA Hits 1 Million Smartphone Sales in First Year
M-KOPA just hit 1 million branded smartphone sales in year one, proving financial inclusion embedded in devices really works. From…
- News
CFAO Mobility Kenya and Almasi Financial Services Launch Sharia-Compliant Vehicle Financing Deal
CFAO Mobility Kenya partners with Almasi Financial Services to offer 90% Sharia-compliant financing for commercial vehicles over 60 months.
- Opinion
How BNPL and Midrange Innovation Are Reshaping Tech Access
Affordable smartphones with premium features and BNPL services are driving digital inclusion and increasing smartphone access across Kenya.
