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Safaricom opens up M-PESA platform to developers

Making M-PESA's Application Programming Interface (API) available follows the commissioning of the new M-PESA technological platform in April this year/FILE

Making M-PESA’s Application Programming Interface (API) available follows the commissioning of the new M-PESA technological platform in April this year/FILE

NAIROBI, Kenya, Sep 4 – Safaricom has opened up its M-PESA platform to allow local and international developers to come up with next-generation applications that will work with the most preferred mobile money solution.

Making M-PESA’s Application Programming Interface (API) available follows the commissioning of the new M-PESA technological platform in April this year.

“One of the advantages of the new M-PESA platform is the fact that it is easier to integrate with other financial platforms to offer more or improved services to our customers,” said Betty Mwangi, Director of Financial Services at Safaricom.

The opening up of the M-PESA platform aims to address shortcomings cited by locals with the previous M-PESA platform, which was hosted in Germany.

This included a relatively slow and complicated process of integration, given the need for approvals in Kenya and from the team manning the servers.

The developers are expected to come up with innovative solutions for Business to Consumer, Consumer to Business, and Business to Business channels, that can run off the new M-PESA platform.

“As we have always said, innovation is at the heart of everything we do. We do however accept that innovation cannot come from us alone- it takes partnerships to come up with some of the best possible solutions that will help transform lives,” Mwangi said.

The opening up of M-PESA API’s complements other recent initiatives aimed at boosting M-PESA transactions and entrenching a Cash Lite economy through Lipa Na M-PESA which is an e-commerce platform.



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Read more here >> Capital Business

>>> Safaricom opens up M-PESA platform to developers

Making M-PESA's Application Programming Interface (API) available follows the commissioning of the new M-PESA technological platform in April this year/FILE

Making M-PESA’s Application Programming Interface (API) available follows the commissioning of the new M-PESA technological platform in April this year/FILE

NAIROBI, Kenya, Sep 4 – Safaricom has opened up its M-PESA platform to allow local and international developers to come up with next-generation applications that will work with the most preferred mobile money solution.

Making M-PESA’s Application Programming Interface (API) available follows the commissioning of the new M-PESA technological platform in April this year.

“One of the advantages of the new M-PESA platform is the fact that it is easier to integrate with other financial platforms to offer more or improved services to our customers,” said Betty Mwangi, Director of Financial Services at Safaricom.

The opening up of the M-PESA platform aims to address shortcomings cited by locals with the previous M-PESA platform, which was hosted in Germany.

This included a relatively slow and complicated process of integration, given the need for approvals in Kenya and from the team manning the servers.

The developers are expected to come up with innovative solutions for Business to Consumer, Consumer to Business, and Business to Business channels, that can run off the new M-PESA platform.

“As we have always said, innovation is at the heart of everything we do. We do however accept that innovation cannot come from us alone- it takes partnerships to come up with some of the best possible solutions that will help transform lives,” Mwangi said.

The opening up of M-PESA API’s complements other recent initiatives aimed at boosting M-PESA transactions and entrenching a Cash Lite economy through Lipa Na M-PESA which is an e-commerce platform.


Safaricom opens up M-PESA platform to developers

Safaricom opens up M-PESA platform to developers


Kenya partners with US travel agents to spur visits

Together with the ASTA, Kenya is undertaking a series of meetings with the travel agents in the US who are selling tours to Kenya/FILE

Together with the ASTA, Kenya is undertaking a series of meetings with the travel agents in the US who are selling tours to Kenya/FILE

NAIROBI, Kenya, Sep 4 – Kenya has partnered with the American Society of Travel Agents (ASTA) to increase the number of tourists visiting the country from the United States.

Commerce and Tourism Principal Secretary Ibrahim Mohammed is leading a team of industry players in the aggressive campaigns being part of the strategy to spur the sector.

Together with the ASTA, Kenya is undertaking a series of meetings with the travel agents in the US who are selling tours to Kenya.

The US is the second best tourist source market after United Kingdom.

Mohammed said that among the areas of partnership include showcasing Kenya at the annual ASTA Global Convention.

ASTA Global Convention is a leading travel conference held annually in different countries.

“The ASTA Global Convention provides a good opportunity for travel agents to market tourist attractions in their countries to the American market and other travel agents from different parts of the world who will be present at the convention,” he added.

He said Kenya is also bidding to host the Convention in 2017.

The PS also pointed out that the convention provides an ideal opportunity to leverage the positive profile the country has enjoyed since the visit of US President Barack Obama.

“Our marketing campaigns are riding on the top of mind awareness of the destination after Obama’s visit, “added the PS.



news blog
Read more here >> Capital Business

>>> Kenya partners with US travel agents to spur visits

Together with the ASTA, Kenya is undertaking a series of meetings with the travel agents in the US who are selling tours to Kenya/FILE

Together with the ASTA, Kenya is undertaking a series of meetings with the travel agents in the US who are selling tours to Kenya/FILE

NAIROBI, Kenya, Sep 4 – Kenya has partnered with the American Society of Travel Agents (ASTA) to increase the number of tourists visiting the country from the United States.

Commerce and Tourism Principal Secretary Ibrahim Mohammed is leading a team of industry players in the aggressive campaigns being part of the strategy to spur the sector.

Together with the ASTA, Kenya is undertaking a series of meetings with the travel agents in the US who are selling tours to Kenya.

The US is the second best tourist source market after United Kingdom.

Mohammed said that among the areas of partnership include showcasing Kenya at the annual ASTA Global Convention.

ASTA Global Convention is a leading travel conference held annually in different countries.

“The ASTA Global Convention provides a good opportunity for travel agents to market tourist attractions in their countries to the American market and other travel agents from different parts of the world who will be present at the convention,” he added.

He said Kenya is also bidding to host the Convention in 2017.

The PS also pointed out that the convention provides an ideal opportunity to leverage the positive profile the country has enjoyed since the visit of US President Barack Obama.

“Our marketing campaigns are riding on the top of mind awareness of the destination after Obama’s visit, “added the PS.


Kenya partners with US travel agents to spur visits

Kenya partners with US travel agents to spur visits


>>> Kenya ‘fertile ground’ for investment by UK firms

The report, which is sponsored by Barclays Bank and other partners, compared and ranked 31 sub-Saharan countries based on their attractiveness for cross-border trade/FILE

The report, which is sponsored by Barclays Bank and other partners, compared and ranked 31 sub-Saharan countries based on their attractiveness for cross-border trade/FILE

NAIROBI, Kenya, Sept 4 – Kenya has been ranked third in an analysis illustrating where UK companies should invest in, sub-Saharan Africa.

Dubbed ‘The Barclays Africa Trade Index’, Kenya scored 56.2 percent behind Nigeria which scored 62.6 percent with South Africa leading with 73.3 percent.

The report, which is sponsored by Barclays Bank and other partners, compared and ranked 31 sub-Saharan countries based on their attractiveness for cross-border trade.

Indicators used include openness and opportunities offered by these countries. Broken down, the index looked at demographics, market size and growth, trade and investment flows, tariff policy, boarder administration and transport and communication.

Quoting the report, the UK’s Financial Times listed the top 10 countries for UK countries to invest in as South Africa, Nigeria, Kenya, Ghana, Tanzania, Ethiopia, Angola, Cote d’Ivoire, Sudan and Senegal respectively.

Kenya and some of East Africa’s countries were commended as trade hubs because of improved cross administration and its single customs territory which, according to Matt Tuck, Head of Global Corporate Banking at Barclays, has simplified the control of goods moving across the customs unions.

“Many countries, particularly in East Africa, have invested in major developments in both infrastructure and ‘soft’ infrastructure such as tariffs and border policies,” Tuck told the Financial Times.

On the other hand, countries included at the bottom of the list are Malawi, Madagascar, Rwanda, Congo, Gabon, Lesotho, Guinea, Chad, Burundi and Gambia ranked the least places for UK companies to invest in.

The report however identified five countries in sub-Saharan Africa which after experiencing significant economic upheaval, are playing catch up and experiencing growth at a rapid pace.

Dubbed ‘Sleeping Giants’, the countries include Ethiopia, DR Congo, Mozambique, Ghana and Tanzania.

According to the report, these countries are increasingly attractive to foreign firms and international investors with an eye on long term returns.

Barclays suggests that these countries, whose combined population is around 270 million and average annual GDP of 7.3 percent, present the UK with an opportunity to diversify their African businesses in the back of Asia’s increased competition.

Nigeria, although rated behind South Africa, is termed as a better investment destination for UK companies in the long term.

This is based on the fact that Nigeria is more populous, with an estimated 173.6 million people, offering bigger opportunities than its counterpart whose national population stands at an estimated 52.98 million.

Barclays however pointed out that investing in Nigeria suffered from logical difficulties posed by inadequate infrastructure as, “companies would have to provide their own power and water.”


Kenya ‘fertile ground’ for investment by UK firms

Kenya ‘fertile ground’ for investment by UK firms


Kenya ‘fertile ground’ for investment by UK firms

The report, which is sponsored by Barclays Bank and other partners, compared and ranked 31 sub-Saharan countries based on their attractiveness for cross-border trade/FILE

The report, which is sponsored by Barclays Bank and other partners, compared and ranked 31 sub-Saharan countries based on their attractiveness for cross-border trade/FILE

NAIROBI, Kenya, Sept 4 – Kenya has been ranked third in an analysis illustrating where UK companies should invest in, sub-Saharan Africa.

Dubbed ‘The Barclays Africa Trade Index’, Kenya scored 56.2 percent behind Nigeria which scored 62.6 percent with South Africa leading with 73.3 percent.

The report, which is sponsored by Barclays Bank and other partners, compared and ranked 31 sub-Saharan countries based on their attractiveness for cross-border trade.

Indicators used include openness and opportunities offered by these countries. Broken down, the index looked at demographics, market size and growth, trade and investment flows, tariff policy, boarder administration and transport and communication.

Quoting the report, the UK’s Financial Times listed the top 10 countries for UK countries to invest in as South Africa, Nigeria, Kenya, Ghana, Tanzania, Ethiopia, Angola, Cote d’Ivoire, Sudan and Senegal respectively.

Kenya and some of East Africa’s countries were commended as trade hubs because of improved cross administration and its single customs territory which, according to Matt Tuck, Head of Global Corporate Banking at Barclays, has simplified the control of goods moving across the customs unions.

“Many countries, particularly in East Africa, have invested in major developments in both infrastructure and ‘soft’ infrastructure such as tariffs and border policies,” Tuck told the Financial Times.

On the other hand, countries included at the bottom of the list are Malawi, Madagascar, Rwanda, Congo, Gabon, Lesotho, Guinea, Chad, Burundi and Gambia ranked the least places for UK companies to invest in.

The report however identified five countries in sub-Saharan Africa which after experiencing significant economic upheaval, are playing catch up and experiencing growth at a rapid pace.

Dubbed ‘Sleeping Giants’, the countries include Ethiopia, DR Congo, Mozambique, Ghana and Tanzania.

According to the report, these countries are increasingly attractive to foreign firms and international investors with an eye on long term returns.

Barclays suggests that these countries, whose combined population is around 270 million and average annual GDP of 7.3 percent, present the UK with an opportunity to diversify their African businesses in the back of Asia’s increased competition.

Nigeria, although rated behind South Africa, is termed as a better investment destination for UK companies in the long term.

This is based on the fact that Nigeria is more populous, with an estimated 173.6 million people, offering bigger opportunities than its counterpart whose national population stands at an estimated 52.98 million.

Barclays however pointed out that investing in Nigeria suffered from logical difficulties posed by inadequate infrastructure as, “companies would have to provide their own power and water.”



news blog
Read more here >> Capital Business

Why We Collaborate

Why We Collaborate

 

In this hour, TED speakers unravel ideas behind the mystery of mass collaborations that build a better world.

 



news blog
Read more here >> Capital Business
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