Device Financing
Exploring device financing options and trends for purchasing mobile and other devices in Kenya and across Africa
- News
Somalia’s Hormuud Just Borrowed Kenya’s Smartphone Financing Playbook, But Made It Interest-Free
Hormuud Telecom partners with Get-Phone to finance 100,000 smartphones in Somalia, using EVC Plus mobile money and zero-interest Sharia-compliant terms.
- Opinion
Tax Cuts on Phones and Telecom Gear Could Connect Millions More Africans, Says GSMA Policy Chief
GSMA Africa Policy Chair Daddy Mukadi calls for tax exemptions on smartphones and telecom equipment to boost digital inclusion.
- How To/ Explained
LOOP FLEX Lets You Buy the Samsung Galaxy S26 Ultra on Instalments in Kenya
Buy the Samsung Galaxy S26 Ultra through LOOP FLEX instalments in Kenya. Get a free Galaxy Watch 8 or Buds…
- Business
KCB just opened mortgages to boda boda riders, content creators and hustlers β here’s how it actually works
KCB rolls out a 9.9% mortgage for hustlers and gig workers, with loans of KES 1M to KES 4M over…
- Business
SBM Bank backs Kenya’s EV transition with KES 1 Billion fund and a leased BYD fleet
SBM Bank launches KES 1 billion Green Finance Facility and leases five BYD plug-in hybrids through Avenue Lease.
- News
Skoot, Sun Mobility and Car & General Launch βSmartβ Electric Tuk-Tuk in Kenya
Skoot, Sun Mobility and Car & General launch the e3W electric tuk-tuk in Nairobi, featuring battery swapping and lower costs
- News
Sun Kingβs new product isnβt a solar lamp – itβs a smartphone built on debt
Sun King enters the smartphone market with the EZ 1 for KES 60 daily, balancing accessibility with high long-term costs.
- News
Sun King built a solar empire in Nigeria. Now, it wants to finance your next smartphone
Sun King launches Pay-As-You-Go smartphones in Nigeria, offering flexible installment plans for Samsung, Infinix, and Tecno devices.
- Business
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 β and itβs 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.
