How will technology and Bitcoins disrupt the remittance market? Discussion with African startups at Afrikoin
Talking about mobile money at the Afrikoin conference in Nairobi cannot be done without tackling the hot topic of remittances. The African diaspora sends $60bn/year back to their families and friends back in their respective countries, with Kenya accounting for $1.1bn. Remittances are a hot topic for four reasons: Remittance fees (12%) are higher in Africa than in any other continent (the global average is 8% and […]
Big data in Africa: how an insurance company provides an optimized cover for farmers in Kenya
If you don’t have data on your business, how are you going to run it? Well, more likely than not, you’re going to use HIPPO, says Joel Macharia, founder of Abacus, a provider of data solutions for businesses. HIPPO stands for the “HIghest Paid Person’s Opinion”, and this is not the lead you want to follow. Joel showed us […]
