Mobile money differently; three strategies for banks

The rigidity of the financial services sector has not played in the favor of the 42 players and when you add the recent budget curveball that requires players to raise the minimum core capital to Sh 5 Billion up from the current Sh1 billion, signaling the start of industry wide consolidation, it may be a case of too little too late.

There is a chance at redemption for financial service players, if they can move quickly to position killer service propositions that would deliver a differentiated user experience and additional value, even as variants of their current offerings. Continue reading Mobile money differently; three strategies for banks

The MNO vs OTT battle: which way out

There are many times that as a business, something new creeps up on you from your blindside taking you off guard and wreaking havoc on your prized cash cows and then sometimes it’s just plain lack of preparedness and strategy.

Continue reading The MNO vs OTT battle: which way out

Closing the talent education loop through sustainable tertiary education CSR

The multibillion shilling private public partnership between General Electric and the government of Kenya to deliver better healthcare has a big component of it as hardware supply, most readily identified by the acronyms you hear the doctor or nurse throw about when visiting the hospital or other medical facility… MRI, CT Scan, ECG…yada yada.

While the sparkling new machines are welcome, the lifetime value is greatly at risk for the sole reason that there are not enough trained technicians to maintain the newly deployed infrastructure. Conversations with engaged parties put this need in the thousands, pointing to the biggest challenge yet as we blaze the trail of technology powered growth in the information, services and knowledge age. Continue reading Closing the talent education loop through sustainable tertiary education CSR

The “boring” season in Africa’s techpreneurship space

Things are about to get dull and boring in the African technology space and I will tell you why. We have come a long way from the excitement of multiple cables landing at our coastlines, the release of the fully featured brand X phone running the latest Y operating system and the building of vanity applications that used any available API to showcase what we dubbed “m-vitus” following the craze of appending the prefix denoting the mobile and internet focus of the projects. Continue reading The “boring” season in Africa’s techpreneurship space

The pros and cons of Mpesa Generation II for business

I am impressed by the work that went into the Mpesa Generation II platform iteration. While it has grown in complexity, it covers almost all the permutations that make for a more efficient business operation where the speed of cash flow is key to sustaining many enterprises. We have in the past explored how the banking sector has been caught napping, as Safaricom extended its focus from peer to peer money movement to business transactions. This has a number of benefits for small and medium sized businesses, both in relation to trade between themselves and trade with large enterprises, who have since time immemorial leveraged the earnings and trade volumes of their suppliers on punitive pay cycles. Continue reading The pros and cons of Mpesa Generation II for business