Kenya prepares for key e-commerce conference

February 23, 2015
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The E-Commerce Conference takes place March 19-20 at Safari Park Hotel
The E-Commerce Conference takes place March 19-20 at Safari Park Hotel

, NAIROBI, Kenya, Feb 23- Internet connectivity will transform Kenya’s financial services, education, health, retail, agriculture, and government if the private and public sectors work together to identify challenges and opportunities.

‎”There is no doubt that internet will reduce transaction costs and bring financial services to people’s we see from services like MPESA,” The E-Commerce Kenya Conference producer Kizito Mokua said during a stakeholders briefing.

Statistics indicate that more than 90 percent of Kenyans now have access to banking services by using mobile wallets for daily transactions and remittances.

On education, Mokua says the sector will benefit from affordable e books as well as more effective training.

Technology-related productivity gains in education in Africa he says, could reach $30 billion to almost $70 billion, enabling governments to achieve more with their education budgets and providing millions of students with the foundation for a better future.

“Market reports indicate that by 2025, e-commerce will account for 10 percent of retail sales in the continent’s largest economies, which will translate into some $75 billion in annual revenue.

The E-Commerce Conference brings together players in the e-commerce chain to learn and network besides getting exposure to best practices and latest technologies.

“Delegates attending the E-Commerce Conference will come up with strategies to enable Kenya tap into this virgin market” Mokua said.

The E-Commerce Conference takes place March 19-20 at Safari Park Hotel and has been endorsed by the Ministry of Information, Communications and Technology.

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