Africa cities

Kenya’s digital lending enterprises are about to be shaken up. The country’s central bank is targeting predatory lending practices via new legislation. If permitted, digital lenders would need central bank authorization to raise rates or provide new products. The decision comes amid rising concerns about predatory lending, given Kenya’s development of online, collateral-free loan businesses. […]

In the early 1990s, James Ferguson published a groundbreaking book in the field of development studies titled the anti-politics machine. The book argued that the global development enterprise, as it relates to the Global South, often has the effect of “lifting politics out of poverty” by masking relations of inequality and entrenching state power. He […]