Kenyan Wall Street | by Jackson Okoth
Kenya Commercial Bank (KCB) plans to officially launch its Vooma loan product, a platform developed jointly with Chinese telco giant Huawei.
Vooma-Swahili word for speed, a payments and settlements platform, is expected to launch this month. KCB pulled the plug on its Mobiloan product on 23rd December 2020. The product was replaced with Vooma, which has since been on a test run ahead of its launch.
“The platform is owned as a revenue share between us and Huawei. KCB will look at…
