250, 000
The number of mobile bank customers registered by CBA Tanzania in a recent partnership with Vodacom mobile network operator to roll out M-Pawa, a mobile phone-based banking unit similar to M-Shwari .
100M
The cost of a plant in Athi River that is expected to improve the revenues of East African Portland Cement Company
76,000 TB
Number of terabytes (TB) of data accessed by mobile phone users in sub-Saharan Africa a month in 2014, this is double the figures of 2013 at 37,500 TB a month.
MOBILE BANKING WELCOME
A lot has been said about mobile banking and mobile money transfer services and I thank Equity Bank for entering this market. I hope more banks can start offering such services to break the monopoly being enjoyed by mobile service providers. I believe with many players transaction costs might also come down. To imagine that the cost we incur in sending Sh100 to another subscriber is the same to that of sending Sh 1000 is weird, and doesn’t just add up. Transfers of Sh100 should be free. It is high time we got many players. – Tito M, Nairobi
