Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
This is a 47.3 percent rise of the crimes reported compared to 25.2 million registered in the second quarter that started in July, ending in September 2019./FILE


Kenya topples giant African economies in digitization

In the last ten years, Kenya has advanced quickly as a digital contender, with many innovative enterprises; these include M-Pesa, Ushahidi, M-KOPA, M-TIBA, among others. /FILE

NAIROBI, Kenya, Sept 12 – Kenya has seen the greatest amount of digital change over the past decade, ahead of South Africa, Egypt, Ethiopia, Nigeria and Rwanda.

This is according to the African Leapfrog Index (ALI) which however says the country can improve its education and skill-building capacity to enhance its ability to grow higher-skilled digital services jobs.

The index highlights some of Kenya’s key strengths among them wide internet penetration at 80 percent, and high numbers of mobile money accounts at 70 percent of the population.

For instance, in the last ten years, Kenya has advanced quickly as a digital contender, with many innovative enterprises; these include M-Pesa, Ushahidi, M-KOPA, M-TIBA, among others.

The country is also home to a “Silicon Savanah” in Nairobi and has a growing, tech-savvy population.

Additionally, 200 digitized services are offered through Huduma Centres countrywide as well as an online self-service platform, E-Citizen.

“In the Ease of Creating Digital Jobs, Kenya’s institutions have enabled a favorable regulatory environment, and promoted a high use of digital payments. The government has preserved internet freedoms and even harnessed social media to fight disinformation,” says the finding.

The research however emphasizes on making education, digital skills and healthcare a priority, against a finding that a Kenyan born today is likely to achieve at most 52 percent of his potential if they survive to adulthood given the shortfalls in the education and health systems.

It also urges the government to address the barriers in the value chain such as lack of credit.

“Despite its leadership with M-Pesa, there is still enormous potential for the digitization of payments: cash accounts for 71 percent of Kenya’s total payments,” says the index.

Advertisement. Scroll to continue reading.

The research was sponsored by Mastercard Center for Inclusive Growth in collaboration with the Institute for Business in the Global Context at The Fletcher School at Tufts University, USA. 

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...