Today we're talking about one of the factors that led to the global market meltdown--banks' loose lending practices.
Since the US and European economies have taken a hit from this temporary downfall, other countries are adopting stricter lending laws to safeguard against the same situation. Kenya is following suit.
But they're lucky, because their system is completely different from ours, in that it is not 'sort of' credit-based.
I interviewed, in-studio, Wachira Ndege from the Credit Reference Bureau Africa, an independent credit-reporting organization in Kenya.
I also covered another conference about banking and payment technologies in East Africa. Interesting stuff, integrating the mobile phone with banking, and as the conference's tagline says, 'Serving the Customer through Payment Technologies.'
Later I attended the networking reception...good...got me a few more business cards to add to the folio, and GREAT story ideas!