Kenya overtaken by Tanzania in mobile money transfer

Geza Ulole said:
42.2% of a $ 60 bln economy can not be $42 bln! usilazimishe mambo kwa umbumbu wa media zenu! tunaongelea sending money from one point to another! hizo product nyingine za betting si suala linalojadiliwa hapa! una akili ndoto sana mzee!
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Someone who can't work out simple division Mathematics has no authority to call anyone akili ndogo. The GDP PPP of Kenya was $101 billion in 2014 nuthead - funny you accept one side of the 'useless' reporter and deny the other based on your bigoted dumbhead.
 
NairobiWalker said:
Someone who can't work out simple division Mathematics has no authority to call anyone akili ndogo. The GDP PPP of Kenya was $101 billion in 2014 nuthead - funny you accept one side of the 'useless' reporter and deny the other based on your bigoted dumbhead.
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since when u calculate using GDP PPP? R u out of ur mind? do u know GDP PPP of Tanzania is ahead of Kenya! Should we use that also? uache ujinga...
 
Geza Ulole said:
since when u calculate using GDP PPP? R u out of ur mind? do u know GDP PPP of Tanzania is ahead of Kenya! Should we use that also? uache ujinga...
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For an idiot like you it doesn't make sense (after all you can't do Math). But for a clever person, when a journalist mentions a figure (4.2 trillion KES) that is equal to 42% of Kenya's 2014 GDP PPP yet higher than 42% of 2014 GDP nominal and doesn't specify which is which, we take GDP PPP. It's that simple idiot. Maybe when you learn some Mathematics you'll understand and No. Tz GDP PPP is not bigger than Kenya's. Stop dreaming and continue your we will statements.
 
NairobiWalker, never heard GDP PPP being used in this instance! Only from a desparate nyang'au trying while his kins r dying of hunger up North..
 
kumbe hata hio internet cost ni kwa mobile pekee... cheki hap general internet costs(broadband, fiber,wireless)

Chart: Internet (10 Mbps, Unlimited Data, Cable/ADSL), Utilities (Monthly)
Select Region: Africa America Asia Europe Oceania
1. Ethiopia 182.14 $
2. Bermuda 134.45 $
3. Uzbekistan 127.83 $
4. Myanmar 120.00 $
5. Tanzania 118.02 $
6. Zambia 98.87 $
7. Bolivia 97.85 $
8. United Arab Emirates 86.00 $
9. Iran 85.97 $
10. Maldives 83.67 $
11. Zimbabwe 75.86 $
12. Nigeria 75.14 $
13. Brunei 73.35 $
14. Qatar 71.05 $
15. Cuba 70.00 $
16. Ghana 68.71 $
17. Namibia 64.64 $
18. Mozambique 61.80 $
19. Oman 59.58 $
20. Iceland 59.09 $
21. New Zealand 57.60 $
22. Lebanon 55.27 $
23. Australia 53.81 $
24. Switzerland 53.24 $
25. South Africa 52.86 $
26. Guatemala 52.27 $
27. El Salvador 51.09 $
28. United States 50.48 $
29. Puerto Rico 50.42 $
30. Bangladesh 49.62 $
31. Iraq 49.22 $
32. Egypt 49.12 $
33. Costa Rica 49.09 $
34. Syria 48.20 $
35. Luxembourg 46.89 $
36. Belgium 46.39 $
37. Dominican Republic 46.28 $
38. Philippines 45.64 $
39. Honduras 45.10 $
40. Canada 44.47 $
41. Kenya 44.16 $
42. Ireland 44.07 $
43. Bahamas 43.92 $
44. Bahrain 42.06 $
45. Jordan 41.52 $
46. Peru 41.44 $
47. Malaysia 41.26 $
48. Saudi Arabia 40.81 $
49. Norway 40.59 $
50. Panama 40.33 $
51. Cambodia 39.95 $
52. Kuwait 39.59 $
53. Argentina 39.17 $
54. Ecuador 39.06 $
55. Cyprus 38.87 $
56. Spain 38.31 $
57. Japan 37.89 $
58. Nepal 37.62 $
59. Palestinian Territory 37.33 $
60. Fiji 36.03 $
61. Chile 35.29 $
62. Algeria 34.06 $
63. Singapore 32.22 $
64. France 31.25 $
65. Jamaica 30.57 $
66. Italy 30.01 $
67. Slovenia 29.89 $
68. Sweden 29.41 $
69. United Kingdom 29.24 $
70. Pakistan 29.22 $
71. Netherlands 28.61 $
72. Denmark 27.94 $
73. Hong Kong 27.61 $
74. Portugal 27.47 $
75. Montenegro 27.02 $
76. Germany 26.91 $
77. Indonesia 26.78 $
78. Malta 26.72 $
79. Colombia 25.56 $
80. Uruguay 25.10 $
81. Croatia 24.95 $
82. Austria 23.92 $
83. Libya 23.52 $
84. Taiwan 23.40 $
85. Brazil 23.13 $
86. South Korea 22.87 $
87. Morocco 22.80 $
88. Mexico 22.76 $
89. Greece 22.29 $
90. Finland 21.17 $
91. Israel 21.04 $
92. Venezuela 20.73 $
93. Tunisia 20.61 $
94. Turkey 19.48 $
95. Sri Lanka 19.31 $
96. India 18.73 $
97. Estonia 17.71 $
98. Thailand 17.69 $
99. Albania 17.47 $
100. China 17.21 $
101. Czech Republic 16.11 $
102. Bosnia And Herzegovina 15.42 $
103. Armenia 15.10 $
104. Slovakia 14.67 $
105. Hungary 14.53 $
106. Serbia 14.31 $
107. Azerbaijan 13.81 $
108. Latvia 13.12 $
109. Kazakhstan 12.93 $
110. Poland 12.07 $
111. Georgia 11.70 $
112. Belarus 11.37 $
113. Macedonia 11.22 $
114. Vietnam 10.87 $
115. Lithuania 9.99 $
116. Bulgaria 8.91 $
117. Romania 8.25 $
118. Moldova 7.23 $
119. Russia 5.70 $
120. Ukraine 3.53 $
Ethiopia Ranked the Most Expensive Country for Internet Users - Addis Insight




huuuuuwiiii....Chech speed ya hii, am in a govt office at coast,
Hii speed yao ni madharau kwa regular people aki, after the fiber optic was connected to all counties they were suppposed next to go to bussineses then to regular people... sahii i see fiber companies digging up trenches linking fiber to the whole town in residential areas, I hope in a few years time, I will be able to see such speeds in my own house

hahaha hii imevunja rekodi aki... almost 100Mbps
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NairobiWalker said:
MPESA HITS 5.29 trillion shillings in transactions ($5.29 billion)

Safaricom Ltd., Kenya’s largest company by market value, is in talks with 19 banks in the East African nation to increase users of its mobile-money transfer platform, Chief Executive Officer Bob Collymore said after the company posted higher annual profits.

Safaricom’s M-Pesa product -- which offers services including money transfers, loans, bettingand bill payments -- had transactions worth 5.29 trillion shillings ($52.6 billion) in the year through March, equivalent to 85 percent of the total national economic output.

“Nineteen banks are now doing real-time payments,” Collymore said in an interview in the capital, Nairobi. Previously, merchants had to wait two days before payments reflected in their accounts.


The banks were also keen to incorporate Safaricom’s mobile savings and loans product, similar to the one the telecom company has with two lenders; Commercial Bank of Africa and KCB Group Ltd., Collymore said. The company that’s 40 percent owned by Newbury, England-based Vodafone Group, made 41.5 billion shillings from M-Pesa, about a fifth of Safaricom’s overall revenue.

Beats Expectations
While the loan and deposit accounts product had recorded a good performance, it still represents less than 1 percent of Safaricom’s total revenue, according to Binta Cisse Drave, an analyst at Exotix Partners LLP. The service allows users to have mobile-phone bank accounts from which they can borrow loans or earn interest on savings.



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The Nairobi-based company’s net income jumped 19 percent to 38 billion shillings in the year through end March, compared with the 36.3 billion shillings median estimate of nine analysts surveyed by Bloomberg. It warned that the growth in earnings before interest, taxes, depreciation and amortization may slow down to a range between 89 billion shillings and 92 billion shillings in case the shilling depreciates.


The shilling declined 13.2 percent against the dollar last year, though it’s gained ground this year, rising 1.5 percent.


“We are always planning on worst case scenario just in case there is a currency slide, but so far it’s gone positive,” Chief Finance Officer John Tombleson said in an interview.

Safaricom plans capital expenditure of as much as 33 billion shillings on data network upgrades, he said. The board proposed a dividend payout of 0.76 shillings per share, up 19 percent from a year earlier.

Safaricom of Kenya Talking to Banks to Grow Mobile Money
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Hmmm, very interesting. Mpesa handled $52.6billion, Tanzania's gdp is $48.6 billion. So the mpesa economy is 8.23% larger than the Tanzanian economy, very interesting
 
Tigo Tanzania chief stakes money leadership claim
15 AUG 2016
Tigo-Tanzania-600x300-1.png

VIDEO INTERVIEW: Diego Gutierrez, CEO of Tigo Tanzania, believes the country is the most innovative in the world for mobile money.

In an interview with Mobile World Live, Gutierrez listed a number of factors, including an unbanked population as well as a favourable regulatory environment and competition, as having driven the country’s adoption of mobile money services.

The country recently became the first in Africa to offer interoperable mobile money services across all three major networks.

Tanzania’s mobile money market is certainly growing fast. In its Q2 results, Tigo parent Millicom reported a 21 per cent increase in mobile money customers year-on-year for its operations in the African country.

And local rivals, including Vodacom, are pushing hard too, making for a vibrant market. And countries with higher penetrations tend to foster new ideas for services.

Like its rivals, Tigo is looking to go beyond money transfer to a more sophisticated range of financial services, including savings and loans. However, Tanzania is not alone in seeing such a progression. Kenya, led by Safaricom’s M-Pesa, is on a similar journey.

The Tigo Tanzania chief added that the operator’s individual strengths include its brand, security and user friendliness.

Watch the full interview

http://www.mobileworldlive.com/videos/interviews/interview-tigo-tanzania-ceo/
 
Tanzania becomes 1st globally achieving full mobile money interoperability
ONLINE REPORTER
19 September 2016

Home News

TANZANIA becomes the first country globally to achieve wallet to wallet interoperability in the digital financial services.

2 Comments
The interoperability means mobile phone subscribers transfer money across multiple networks thus enabling the country becoming first in the area. Bank of Tanzania Governor Prof Benno Ndulu said today that mobile phone active account represents 21.9million out of 62.8million accounts registered by five major tele-financial service providers.

"We are seeing increased number of transaction since then with reduced costs as a result of sharing infrastructure in the industry," Prof Ndulu told financial inclusion meeting in Dar es Salaam. He said nearly 50 per cent of digital financial services registered accounts are active.

The central bank chief is optimistic that after FinScope survey slated for later this year, the country will update financial inclusion target of 80 per cent come 2017.

BoT targets of achieving usage of formal financial services under the National Financial Inclusion Framework (NFIF 2014/17) of having 80 per cent of adult population using a financial access point.

Tanzania becomes 1st globally achieving full mobile money interoperability
 
Sasa huo mkeka wa gates ni wa lini mazee maana naona hamtaki mabadiliko wakenya tunaongelea current news nyie mnaleta old news damn you
 
According to the latest data and in the spirit of reducing ignorance here on JF....

Jan - Mar 2016

KE Mpesa Jan.JPG


Apr - June

KE Mpesa.JPG


Total value of transactions for the period stands at KES 1,797,377,369,185.00 which is roughly USD 17.7B.
 
NairobiWalker said:
You can't open a thread without evidence and ask me to google it for you. You claimed Tanzania has overtaken Kenya, please bring the evidence. We've already proved to you that Kenya transacted $10 billion in the first three months of 2016. Give us the figures for Tanzania to prove your point or keep quiet.
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Hahha walker which one is the correct data you claim to transact 10 billion in three month of 2016 while your counterpart said you transact close to a trillion in three month of 2016 so which one of your is saying the truth brother

Sent using Jamii Forums mobile app
 
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