Kenya’s electronic commerce market is primed for major growth in the next five years as mobile internet performance continues to improve, a proposed national addressing system comes into existence, and people become more comfortable with digital transactions. The first E-commerce ventures in East Africa used to focus on affluent costumers and the diaspora, with payment by credit cards, mostly in the travel and gifting industry, with startups such as TravelStart or MamaMikes, but the landscape is now narrowing with mobile money and mpesa. Kenya’s enthusiastic adoption of person-to-person mobile payments creates a solid base for the growth of mobile and electronic commerce. According to the Communications Authority of Kenya, the e-commerce market in Kenya was worth around Ksh.4.3 b
Kenya is one of the most attractive markets for mobile money because of the success of Mpesa, launched by Safaricom, which is 40 per cent owned by Vodafone, nine years ago. Visa, the world’s largest payment company, has taken the competition for mobile money service a notch higher with the launch of mVisa that enables Kenyans use mobile phones to transact cash and make payments. The payment service platform has partnered with four banks in Kenya to launch a mobile phone payments platform that will mount the first credible challenge to the country’s dominant Mpesa system. The rollout of the service will enable Kenyans make free domestic mobile money transfers using mVisa. The daily limit for person to person transfers is set to be Sh250,000 with the per transaction limit being
Technology firm in Kenya, Ushahidi, has fired the executive director, Daudi Were, on accusations that he sexually harassed an employee, Angela Kabari , who has since resigned. Kabari, a former capacity development officer, had complained that Were had made lewd comments and told her to have sex with another colleague while on a retreat in January. Kabari published the details of that night in a damning post last week, revealing the psychosomatic effect it had on her, which led to her quitting her job. Kabari said that she had heard stories from eleven other women who had similar unpleasant encounters with the same person, showing that he had “years’ long, widely-known reputation for sexually inappropriate conduct, socially and at work.” These women narrated incidents where he had
A new study reveals that 90% of Kenyans have seen or heard false news about the 2017 general election, with 87% reporting instances of deliberately false –or fake– news. The popular social media platforms like facebook and whatsApp have become the preferred channels that propagate 'the alternative facts'. The study by Portland and GeoPoll named, The Reality of Fake News in Kenya reports that Social media is widely used by Kenyans of all ages to access and s hare news, with 49% of Kenyans using social platforms to secure general election news. However, social media consistently ranks lower than traditional media on trust. In the past, false stories were used to peddle narratives about the death of showbiz celebrities, the import of plastic rice into Kenya, the dangers of certain o
To many, he embodies the idea of success. Jack Ma, a Chinese billionaire, jetted into Nairobi Wednesday evening, started a packed two-day visit that peaked with a public appearance at the University of Nairobi and a speech to Kenyan youth tips on how to build successful business empires. Throughout his many public lectures that are available online, Jack Ma has emphasized a philosophy of personal change and humility, empowerment of women in public lives, and investing more in youth. Jack Ma said that Africa's poor infrastructure, social, economic and political situation should be a source of innovation for most entrepreneurs, just as lack of e-commerce in his home country inspired him to start one of the biggest online marketplaces. "If the Government does not have a solution to...