is this the reason for the push to declare safaricom dominant ? http://www.businessdailyafrica.com/Corporate-News/VeriFone-seeks-managers-fo... well its just a matter of time before an LTD is registered in the British virgin island by nameless Kenyans On Sat, Feb 21, 2015 at 12:42 AM, Ali Hussein via isoc <isoc@lists.my.co.ke> wrote:
Listers
Isn't it time to reboot our thinking on Policy and Regulation to fit the current global situation?
This story in Forbes just made me realize one fundamental flow in our thinking regarding the regulatory environment we live in today. Should we not totally re-invent the environment to suit the circumstances? Why should we let the FCC trail-blaze in Regulation? What do they know about mobile innovation and regulation? Why are we abdicating our global responsibility from a regulatory perspective when we lead the world in mobile innovation?
http://www.forbes.com/sites/mfonobongnsehe/2015/02/19/somali-entrepreneur-ra...
The world remittance market is $550b. What market share does Mpesa have? Let's not wallow in the hype and really make it happen. Today one in every three humans who use mobile money is a Kenyan. How does this translate to market share in this global stage. How many Indians/Chinese/Nigerians use Mpesa to remit money back home? That's the playground we must play in. After all isn't Kenya ground zero for all things mobile innovation?
http://blogs.worldbank.org/africacan/how-kenya-became-a-world-leader-for-mob...
Instead of trying to stifle local based companies let's give them the boost they require to become truly global.
Here's what I think should happen. (Forgive me for being presumptive) but The Govt should cultivate BFF Status (my daughter tells me BFF means Best Friends Forever) with the likes of Mpesa, Mode, Cellulant, Pesapal, Jambo Pay, CopyCat, Seven Seas etc and present them as African Champions at every possible regional and Global event. Our very Economic Diplomacy should be anchored in this thinking. If my history serves me right that's how the Japanese Global Giants were borne. Through a truly PPP & Multi-Stakeholder Model (yes that word again..) Japanese industry became the world beaters they are today. For more on this it would be instructive to read the history of MITI.
http://en.m.wikipedia.org/wiki/Ministry_of_International_Trade_and_Industry
Our folly is in thinking that private sector and government are mutually exclusive and that an adversarial stance is best to protect consumers. Let's expand the pie. There is no reason that Mpesa cannot become the de-facto mobile money system across Africa. For this to happen it would require not thinking out of the box - but reinventing the box. Literally.
As Bob Collymore aptly put it - Being dominant is not a crime.
*Ali Hussein*
+254 770 906375 / 0713 601113
Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim <http://ke.linkedin.com/in/alihkassim>
Blog: www.alyhussein.com
"I fear the day technology will surpass human interaction. The world will have a generation of idiots". ~ Albert Einstein
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