Mipango Fintech Tanzania

Mipango Fintech has launched a new app that will provide free personal financial management to Tanzanians on IOS and Android mobile devices. The app – which is underpinned by AI and operates in Swahili – aims to support Tanzanians to better manage their expenses, provide an opportunity to set up budgets, view, analyze expenses and track personal finances. “Financial literacy is a key gap in the growth and development of this market. Over 50% of Tanzanian adults do not keep track of their expenditures and have no financial goals. This factor leads many citizens to engage in bad debt practices which in turn leads many people into abject poverty,” says Lilian Makoi, co-founder of Mipango Fintech. “We see the launch of this application as an opportunity to change the way our citizens run their...