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[New Video] Kenya’s Fintech & E-Commerce Boom: An Interview with CNBC Africa’s Tabitha Muthoni at the Connected Africa Summit 2024.

In this exclusive interview with CNBC Africa’s Tabitha Muthoni at the recently concluded Connected Africa Summit 2024, I discussed the transformative impact of fintech and e-commerce on Kenya’s economy. During the conversation, I delved into the fintech sector, energized by significant foreign and local investments, as well as contextually relevant innovations.

At the heart of this transformation is Safaricom’s M-Pesa, which has become a key driver for numerous financial services and startups in Kenya. I highlighted the creativity of nearly 100,000 developers who are using M-Pesa to create new, value-added solutions in Kenya’s digital financial services landscape.

I also covered the explosive growth of e-commerce, accelerated by the COVID-19 pandemic, and the critical role of mobile money in supporting a variety of digital transactions and services in Kenya. However, despite Kenya’s impressive progress from a digital financial services perspective, we face ongoing challenges such as digital divides and regulatory constraints going forward. Nonetheless, through strategic collaborations and an adaptive regulatory approach, Kenya is making headway in overcoming some of these barriers.

I also stressed the importance of learning from global digital leaders and engaging in knowledge exchange to boost Kenya’s local innovations. By drawing on experiences from countries like Estonia and collaborating internationally, Kenya can further enhance its leadership as one of Africa’s most digitally progressive countries. Ultimately, this interview not only reflects on Kenya’s current achievements but also outlines the vast potential for future advancements. Please watch or listen to what I think are valuable perspectives to help navigate Kenya’s fast-evolving digital landscape.

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