Oloo Winnie

Kenya’s young tech disruptor

Prince Charles Oduk, founder and CEO of Prince Automation and Innovation Company (PAIC) Limited explains to The East African Business Times writer Oloo Winnie how a dream nurtured in high school turned into an innovative technology hub providing Africa’s common solutions

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This has revolustioned how customers access funds, even those in marginalized areas can conveniently access financial growth. The popularization of smart phones globally has definitely impacted greatly on how populations access credit.

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THE GHOST HOUSES OF NAIROBI SUBBURB

Coupled with harsh economic times, and the stalled lending by banks to average earners, more millennial have shifted preference to affordable housing, according to the Central Bank of Kenya.
“Following interest rate capping a number of borrowers has been shunned by banks. Since the commencement of the interest rate capping law, the number of loan accounts has declined significantly, reflecting lower access to small borrowers and larger loans to more established firms,”

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