from Development Channel

Democracy in Development: Mobile Phones and Business in Africa

September 14, 2012

A man uses his mobile phone as he walks past a Zain customer care shop in Nairobi on February 15, 2010 (Thomas Mukoya/Courtesy Reuters).
Blog Post

More on:

Technology and Innovation

Yesterday on my blog, I discussed new developments in mobile technology that support business and entrepreneurship in Africa. As I wrote about one initiative, called Zidisha:

Would-be lenders can view entrepreneurs’ projects online and make a loan to a project of their choosing; Zidisha then transfers the money directly to the borrower. In Kenya, Zidisha takes the direct payment concept even further, sending a loan over Kenya’s mobile money system through a borrower’s cell phone.

You can read the full post here.