CIFIN

This article breaks down how open banking is already influencing credit bureaus in Nigeria, what lenders are seeing today, and how the relationship between open banking and credit reporting is likely to evolve in the near future.

In a region where financial inclusion is rapidly expanding, you’ll agree the need for reliable credit scoring has never been clearer. So, which bureaus are leading the charge in making East African lending more secure and sustainable?

Zimbabwe’s lending market is like playing a game of Jenga—stacking loans high and hoping it doesn’t all come crashing down. With nominal lending rates that hit a staggering 242% in 2022 (now down to 32.4%), it’s safe to say borrowing here isn’t for the faint-hearted. But lenders aren’t worried about flashy interest rates—they’ve got bigger […]