Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
The company says it will be prioritizing loans for businesses that provide the necessities a community needs to cope with a crisis./COURTESY

Gadgets & Apps

Tala temporarily halts operations in Tanzania

Customers with outstanding balances have however not been spared and will have to settle their loans/COURTESY

NAIROBI, Kenya, Sept 18 – Tala has announced the temporally end of its operations in Tanzania.

In a statement, the company says that it has paused its operations after conducting a pilot of its credit service, adding that it is undertaking a review of its operations to determine the way forward.

Customers with outstanding balances have however not been spared and will have to pay.

“We appreciate the opportunity to serve you and wish our loyal customers continued success in your financial journeys,” the company says in a statement.

Kenya remains the American startup’s biggest market with over 2.5 million customers. The company also has operations in Mexico and Philippines.

“Our operations in Kenya continue uninterrupted as Kenya is a critical part of our global business. We are continuing to evolve our product to meet the needs of our 3 million customers here and are also piloting some exciting new offerings in financial education and coaching.”

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...