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Safaricom, CBA plan M-Shwari loan rate cut to fend off rivals

Thursday 7 December 2017 | 10:11 CET | News
Safaricom and the Commercial Bank of Africa (CBA) will cut the price of M-Shwari loans to defend their market share, which is now under attack from resurgent mobile loan firms, reports Business Daily. CBA Group managing director Isaac Awuondo said the reduction will be segmented and favour borrowers with a good credit history. 

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Categories: Mobile & Wireless
Companies: Safaricom
Countries: Kenya
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