This year's East Africa Com was a great success and we would like to thank everyone who took part. Senior executives and VIPs from the telecoms, ICT & digital communities throughout East Africa came together to network, share ideas, collaborate and do business.
This is how day 2 unfolded in the best quotes of the day:
“Safaricom has no direct plans to enter the banking industry”
You heard it here first. This is what Safaricom’s Ken Okwero assured all attendees from the banking and financial sectors today. This telecommunications heavy-weight is doing some major business where their KCB partnered loans are concerned though, with one loan being processed every second by their 23.6 million customers.
“Every Kenyan has a right to information – this drives innovation within our youth”
“People who call their mothers often are more likely to pay back their loans”
I bet you weren’t expecting a quote like this in an East Africa Com round-up. During the m-commerce panel this afternoon, Airpesa founder Segeni Ng’ethe explained to attendees how mobile finance companies such as Branch are using call data and behaviours to ascertain whether their customers are good for a loan.
“Telco is the backbone of M2M”
Saim Afzal of MTN Congo summed up how IoT can be effectively enabled during our Industry Insight session. In essence, without telco and its role in building sufficient infrastructure and capacity, M2M will never be able to be successful in Africa.
“We are no longer living in an isolated ecosystem”
During our Finance Leaders Roundtable, Kenya Commercial Bank CIO Avi Mitra stated that rather than seeing M-Pesa as the competition, commercial banks should forge partnerships with mobile money firms, in order to drive financial inclusion in East Africa.
Keep up to date with all our news and take part in the conversation over on our social media channels:
Africa's digerati are set to converge on the annual AfricaCom event in Cape Town once again to figure out the continent's connected future, analyse the potential of 5G, identify how IoT and smart cities could play a role in Africa's digital development… and much more.
Speculation suggests Safaricom is about to strike a deal with Ethiopia's government to help introduce the M-Pesa mobile money and banking service to the country's 100 million-plus population and compete with existing player M-BIRR.