This post is a massive tribute to the amazing work that M-PESA is doing every single day!!
I just saw a Facebook post from one of the people that I am connected with, that M-PESA’s mobile transactions in Kenya (ONLY!) now has now exceeded transactions in general made by Western Union GLOBALLY!!!!
Please read the above one more time and feel that the new wind blowing…
Besides writing this post to greet M-PESA it is also to ‘kick back’ on some of feedback that Mads and I have just been met with; we have just returned from the grand BBC set-up: Down to Business where four companies from the world has been invited to come and pitch in front of 150 social investors and 4 judges – but even better: it is recorded and it will be broadcasted to +300 million people around the world ultimo November.
As I have mentioned a couple of times, we are working on setting up a pilot of a South-South model of MYC4: myc4.co.ke – where Kenyan investors are investing directly in fellow Kenyan businesses.
This was the main part of the pitch in London on Monday and it is exaggeration to say that everybody likes the concept – but when reality hits the fan, people are also sceptical about whether the market is big enough in Kenya and whether the market is actually ready for modern structures like this… as several mentioned themselves: ‘I guess it is just how we look at Africa, because of how it has always been’. EXACTLY!
The good thing is to get tangible cases (or should I say: proofs) that can destroy the old picture we have of Africa yet keeping a humble attitude (yes, the last are also my own words)…