The Computer Society of Kenya

Since 1986

Why criticism of fintechs’ role in war on poverty is totally misplaced

moneyBUSINESS DAILY By GEORGE NYABUGA

Tuesday July 17, 2018

Don’t hold your breath, Fintech isn’t the answer to world poverty’’ was the title of an article that Prof Milford Bateman wrote in the Business Daily of July 9, 2018.

Unfortunately, the article had a lot of uninformed and rather fallacious arguments and conclusions that cannot go unchallenged.

First, it suggests that financial technology (fintech), and particularly M-Pesa-facilitated microcredit has driven millions into indebtedness and poverty.

Prof Bateman seems to suggest that fintechs are deleterious to Kenyans and the country given their apparent “…huge downsides that are only becoming apparent in Kenya now that it has become fully embedded within the community”.

Read more...

US tech giant Cisco to open innovation hub in Nairobi

ciscoBUSINESS DAILY By ANNIE NJANJA

Friday July 13, 2018

US-based tech giant Cisco Systems is set to open an innovation hub in Nairobi in September seeking to tap tech enthusiasts.

Cisco is investing Sh50 million ($500,000) in setting up the lab with a capacity of about 50 developers per cohort.

It plans to host different groups every year, with the length of incubation based on need basis. Those qualifying for the programme will have to be first assessed to ensure viability of their digital innovations.

The innovation hub is one of three that the firm is launching in sub-Saharan Africa.

Read more...

Google to sign Internet deals with Kenya telcos

balloon1BUSINESS DAILY By IVY NYAYIEKA

WEDNESDAY, JUNE 27, 2018 

Technology giant Google is looking to sign deals with Kenyan telecommunications operators that will deliver mobile internet coverage to remote locations through a network of floating balloons that could also significantly cut costs.

Google, through its Project Loon, has embarked on a global campaign to increase internet connectivity among the millions of people living in rural areas without ground stations and fibre connections.

Kenya’s Ministry of ICT welcomed the move arguing that an aerial network would bring down costs and deepen internet use across all segments of the population.

Read more...

Why Uganda’s social media tax is misplaced

socialmediaDAILY NATION By JOHN WALUBENGO

Tuesday July 3, 2018

Effective July 1, 2018, Ugandans will be required to pay a so-called social media tax in order to access sites like WhatsApp, Twitter and Instagram.

I was hoping to find a fairly solid rationale for this tax but was disappointed to discover that the taxman’s objective is simply to reduce online gossip or lugambo, as President Yoweri Museveni explained in the native language.

Whereas this is ridiculous to say the least, Kenyans must be very wary of what is happening across the border since politicians are known to cut and paste experiences – whether positive or negative.

Read more...

Treasury has noble intentions on ICT spending, but execution could be a nightmare

ICTDAILY NATION  By JOHN WALUBENGO

Tuesday June 21, 2018

Looking at the key budget lines for the ICT ministry reveals that ICT as a driver or an enabler of government services still has some long way to go before achieving its optimal impact.

Whereas the usual suspects – Digital Literacy Program (Laptop Project) and Konza Technocity – got their huge amounts of Sh11.9 billion and Sh8.3 billion, respectively, very little in the ICT budget speaks to the softer agenda of ICT as an enabler.

The ICT ministry budget has over the years been heavy on procuring hardware and software resources, but this has never quite translated into the desired outcome – in terms of acting as the core engine for delivering government services.

Read more...

Share this page