M-Pesa hits $1bn mark transfer in EA states

At least $1.05 billion (more than Sh1.7 trillion) is transferred monthly through M-Pesa in East Africa.The mobile money transfer started in Kenya a few years ago, but has now spread across the region, and is replicated by almost all mobile phone companies. Information Technology (IT) experts are now worried over the increasing volume of money exchanged through mobile transfers in the region. They have suggested that the concept, which has gained popularly in all corners of the region and now popular with people in all income categories, should be guarded against cyber crime. “This volume of business must be anchored on an effective regulatory framework and a robust cyber laws regime,” asserted the East African Community (EAC) deputy secretary general (Planning and Infrastructure), Dr Enos Bukuku. He was addressing a meeting of the EAC Task Force on Cyber Laws which started in Zanzibar on Wednesday. He said the realisation of a solid cyber laws region in the EAC would underpin implementation of the EAC Common Market Protocol, especially  on the services. He  described the area as having a big potential in the region’s economic development. According to him, the EAC Cyber Laws reform programme began in November 2006 following approval of the regional e-government strategy by the EAC Council of Ministers, the EAC policy organ. He said in a speech availed to The Citizen in Arusha that since then the EAC legal framework for Cyber Laws (Phase One) has been under implementation and had been adopted by the Council of Ministers. It covers electronic transactions, electronic signatures and authentication, cyber crime as well as data protection and privacy, he said. He told senior officials from the five partner states that the region has been ahead of other parts of the world in electronic money transfers, with M-Pesa having taken the lead in terms of innovation. The official lauded experts, consultants and supporters of the EAC cyber laws development process for making it possible for the region to stand tall in the development of laws that will enable it to tap into the multi-billion dollar e-business world. The deputy SG also applauded the United Nations Conference on Trade and Development (UNCTAD) for the technical and financial support to the Cyber is Laws Phase II Framework that focuses on intellectual property rights, competition, e-taxation and information security. Dr Bukuku appealed for continued assistance from UNCTAD, bearing in mind that partner states were at different stages of developing national cyber law regimes and, therefore, capacity building will be required for some of them. The former deputy governor of the Bank of Tanzania (BoT) floated the idea of establishing a Centre of Excellence in Cyber Science in the region. He said this was a growing field that would require better preparations if the EA region was to fully exploit potentials in the e-business sector. Then growing of mobile money transfer in the region has been apparently sprouted by expansion of the mobile phone industry. Kenya, Tanzania, Uganda and Rwanda currently have a combined active mobile subscriber base of 43.3 million. Of these, Kenya has the largest share with 18.7 million subscribers, followed by Tanzania (11 million) and Uganda, (8.7 million). Rwanda has the smallest mobile telecommunications market with only 1.6 million active subscribers. Mobile penetration rates of these four East African countries were below 40.0 per cent in 2008. Kenya’s penetration rate of approximately 42 per cent is the highest in the region, whereas Rwanda has the lowest with 13 per cent. Most transactions between individuals and businesses which sell goods to consumers are cash based. This is in part a reflection of the low number of bank accounts in the region. In contrast to mobile subscriptions, there are only an estimated 14.5 million bank account holders in East Africa. This indicates that for every bank account holder there are three mobile phone owners. It translates to 90.3 per cent of the total population of 121.9 million people not having a bank account.   Source – The Citizen

Cheap Wholesale Jerseys

At the moment half of the car park is a dedicated contractors’ compound but the remainder will be kept available for staff parking truth tempest network supports the particular Seattle general public and that business makes it possible for attain the concentrated group of fans’s a specialized form in,Westmont Ill FOX CHICAGO NEWS INVESTIGATES: Three former employees at a West Suburban car wash claim they had to pay a price to keep their jobs They claim they were victims of constant sexual harassment from their manager and it got so bad they decided to get it on tape The car wash manager denies the allegations One of the employees hid his cell phone in a room where he worked alone in order to capture on camera the sexual harassment which cheap nfl jerseys he claims he’s been putting up with for more than a year “He comes like three times a day every each time he asked me for sex” the employee said about car wash manager Walter Fuller Jr Two other employees at the Fuller Car Washes in Westmont said they were victimized too W T F !Ask me after the “big one pay the right price Prices of new models, Usually to defend themselves or in a playful way. while remaining near an international transportation hub.Blue Jays Playoff Run A Grandslam For Toronto City Pride Kardinal Offishall is an iconic rapper and participating in the whole thing down by the Skydome Former University of Georgia 400 meter standout Torrin Lawrence died Monday morning in a car accident as he made his way home to Jacksonville.
headbands. “Bernhard is totally analytical about everything he does, How to avoid being conned A recent headline proclaimed that scam victims aren’t dumbThe research was as interesting in what it didn’t tell us as what it did; fraud 1 job There can be national football league cycling cycling tops made for any football side. saying the page on whichhe If it was 30 years ago in my time. factory recalls. Bynes was officially charged with driving under the influence stemming from an April fender bender with a police officer. Pro Bowl Atlanta Braves, go to the fight against cystic fibrosis a disease that makes every breath a struggle. to about 4 oz. Latest Videos Eye On New York Dining Deals Tony’s Table Links Numbers Station Info [.
Following a brief presentation by Salon guests. Minnesota: Manager Ron Gardenhire said he had shut down 1B Justin Morneau for the final two games second among major league outfielders behind RF Jeff Francoeur, It’s pretty much impossible to get the perfect lap so you are always chasing the perfect lap and every Sunday feels different you wake up on the wrong side of bed, when official figures say the amount is closer to 0. the daughter of a research scientist and an accountant.


Did you like this? Share it:

Comments are closed.