HILARY JOFFE: Kenya is showing the way to boosting small business

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Mobile money operator has solutions to problems specific to Africa

On a recent trip to Kenya I discovered the joys of using M-Pesa on my phone to do all sorts of things such as buying bananas at the side of the road and tipping the driver as well as paying the yoga studio that didn’t take cards and the supermarket that did.

Fun as it might be for the tourists, the more striking thing about M-Pesa is the way it supports the ecosystem of the informal economy in a way that SA’s payments system does not...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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