The value of mobile money payments rose by 11.1 percent to hit Sh2.5 trillion in the first seven months of this year, new data from the Central Bank of Kenya (CBK) shows. The increase happened even though the actual figures from month- to- month fluctuated between Sh328.2 billion and Sh368.4 billion. The total value for the seven months was Sh2.5 trillion compared to Sh2.25 trillion in July last year. In July, the value stood at Sh366.4 billion, about Sh20 billion up from June’s Sh346.8 billion. Compared to July last year, the upward change was higher at Sh34 billion or 10.2 percent. The change underlines the rising popularity of the mobile money in transactions where many banks, mobile lenders, savings and credit societies and merchants have also been linking up with the mobile b
As developing countries brace for technological advances and other disruptions arising from climate shocks, fragility, economic integration and population transitions that will fundamentally transform the work landscape, a new World Bank report notes that Sub-Saharan African countries may benefit from digital technology adoption in different ways than other regions. The Future of Work in Africa: Harnessing the Potential of Digital Technologies for All, a regional companion piece to the World Bank’s World Development Report 2019: The Changing Nature of Work, says the region has an opportunity to forge a different path from the rest of the world – if digital technologies are harnessed correctly by governments and businesses by ensuring that critical policies and investments are in pla
Instagram has begun hiding likes and video views as part of a trial aimed at removing "the pressure" and shifting the focus to "sharing the things" its users enjoy. Users will still be able to see how many views and likes their posts garner, but their followers will only see a user name "and others" below posts, rather than the number of likes on their feed. A spokeswoman said the trial for some users in countries including Ireland, Italy and Australia was aimed at stopping the platform from feeling "like a competition". The change applies to the Instagram's Feed, Permalink and Profile functions. "We want Instagram to be a place where people feel comfortable expressing themselves," said Mia Garlick, Facebook Australia and New Zealand's director of policy. "We hope this te
An influencer with 2 million followers couldn't sell a paltry 36 t-shirts and Twitter could'nt let her be Since the introduction in October 2010, Instagram has grown into a social media staple across the world, boosted further by its subsequent affiliation with Facebook. This platform along with others like Youtube, Twitter, and lately LinkedIn has given rise to a new form of marketing based on personality endorsement called Influencer marketing. There is lack of consensus however on what an "influencer" is. Others define the Influencers as an individual who has the power to affect purchase decisions of others because of his/her authority, knowledge, position or relationship with his/her audience. While another a individual who has a following in a particular niche, which they actively...
Ethiopian ed-tech startup Accelerated is blending behavioural sciences, technology and classroom data in order to build a unique teacher-coaching platform for the African context. Founded in 2016 and now finishing its third academic year of operations, Accelerated was established to address poor education outcomes by improving the quality of teaching in Africa, starting in Ethiopia. It does this by empowering coaches to train better teachers using tech and big data. Much like how TripAdvisor helps travellers to make smart choices on accommodation and itineraries based on ratings from other travellers, Accelerated’s Wagtail system helps coaches with meta data on best teaching strategies and personalised recommendations for any particular teacher. “We know a certain recommendation wor