Regulator seeks power to license retail mobilecashagents
Boniface
Hehee.. Let\’s continue engaging the powers that be on this platform.
Regards
*Ali Hussein*
*Principal*
*AHK & Associates*
Tel: +254 713 601113
Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: ke.linkedin.com/in/alihkassim
<ke.linkedin.com/in/alihkassim>
13th Floor , Delta Towers, Oracle Wing,
Chiromo Road, Westlands,
Nairobi, Kenya.
Any information of a personal nature expressed in this email are purely
mine and do not necessarily reflect the official positions of the
organizations that I work with.
On Thu, Jul 26, 2018 at 10:00 AM, Boniface Machuki via kictanet <
[email protected]> wrote:
> Ali,
> I feel that already you should have a seat in the new regulatory body.
> Platforms is the future. Banks must find ways to interconnect/Interface
> with the likes of Jumia,Alibaba and the likes since the Z generation won\’t
> be visiting bank halls. Here is where Equity and Safaricom in Kenyan case
> comes in the the companies for the future. Current regulators must be left
> behind to catch up. Waiting for regulation before doing business is not a
> good strategy at the moment.
>
> Thanks for the great pointer.
>
> Regards,
> Boniface
> ——————————
> From: Admin CampusCiti <[email protected]>
> Sent: 7/26/2018 7:26 AM
> To: KICTAnet ICT Policy Discussions <[email protected]>
> Cc: Boniface Machuki <[email protected]>
>
> Subject: Re: [kictanet] Regulator seeks power to license retail
> mobilecashagents
>
> Boniface
>
> Thanks. This is a real issue in 2018. Think about not just regulators
> ill-quipped to deal with the new Business Models and hyper-growth mentality
> of the new type of entrepreneur and investor that’s makes them take a long
> term view to market dominance.
>
> As we bash the Safaricom’s and the Amazon’s of this world on their
> ‘anti-competitive’ behavior we have to look at the overall big picture.
> I’ve always advocated for a light touch sort of Regulation. Oversight and
> letting the players in the multiple industries they play in know that they
> need to be careful they don’t precipitate *Market Failure *because if
> they do then the heavy hand of regulation will hit them. This is key.
>
> Take the case of Google and the EU. Fined for uncompetitive behavior. We
> can see some similarities in the Google case to Safaricom’s behavior in the
> country. My take:-
>
> Safaricom is becoming more a Platform Player now not because of
> accusations of Dominance but because of the reality on the ground and the
> competitiveness of Frenemies like Equity and Barclays. A little nudge here
> and there from the regulators and a dash of competition there goes a long
> way in keeping companies on the straight and narrow. The Telco sector and
> the financial services sector have become so intertwined that we need a new
> type of Regulator. And a new Terms of Reference. Encourage, Encourage and
> Encourage. What we are seeing unfortunately is knee jerk behavior that if
> not checked will kill the very spirit and entrepreneurial drive that made
> Nairobi Ground Zero of Innovation not just in Africa but the World. For the
> first time an African country is attracting startups from Europe and the US
> to set up shop here.
>
> A new dispensation and a new way of doing business for both governments
> and industry is required.
>
> *Ali Hussein*
>
> +254 0713 601113
>
> Twitter: @AliHKassim
>
> Skype: abu-jomo
>
> LinkedIn: ke.linkedin.com/in/alihkassim
> <ke.linkedin.com/in/alihkassim>
>
> Blog: www.alyhussein.com
>
> \”Discovery consists in seeing what everyone else has seen and thinking
> what no one else has thought\”. ~ Albert Szent-Györgyi
>
> Sent from my iPad
>
> On 25 Jul 2018, at 11:53 PM, Boniface Machuki via kictanet <
> [email protected]> wrote:
>
> Thank you Ali. This is a great read. Thinking of Safcom and Equity as am
> going through it.
>
>
> Regards,
> Boniface Machuki
> ——————————
> From: Ali Hussein via kictanet <[email protected]>
> Sent: 7/24/2018 4:47 PM
> To: [email protected]
> Cc: Ali Hussein <[email protected]>
> Subject: Re: [kictanet] Regulator seeks power to license retail mobile
> cashagents
>
> For those wanting to understand more regarding Regulators\’ and Old School
> Business Models conundrom in this age of Platforms and New Business Models
> this is a great read.
>
> Amazon\’s Anti-Trust Paradox
> <www.yalelawjournal.org/note/amazons-antitrust-paradox>
>
> Regards
>
> *Ali Hussein*
>
> *Principal*
>
> *AHK & Associates*
>
>
>
> Tel: +254 713 601113
>
> Twitter: @AliHKassim
>
> Skype: abu-jomo
>
> LinkedIn: ke.linkedin.com/in/alihkassim
> <ke.linkedin.com/in/alihkassim>
>
>
> 13th Floor , Delta Towers, Oracle Wing,
>
> Chiromo Road, Westlands,
>
> Nairobi, Kenya.
>
> Any information of a personal nature expressed in this email are purely
> mine and do not necessarily reflect the official positions of the
> organizations that I work with.
>
> On Tue, Jul 24, 2018 at 2:25 PM, Ali Hussein <[email protected]> wrote:
>
>> This is over reaching.. Not everything needs to be resolved by
>> Regulation…
>>
>> *Ali Hussein*
>>
>> *Principal*
>>
>> *AHK & Associates*
>>
>>
>>
>> Tel: +254 713 601113
>>
>> Twitter: @AliHKassim
>>
>> Skype: abu-jomo
>>
>> LinkedIn: ke.linkedin.com/in/alihkassim
>> <ke.linkedin.com/in/alihkassim>
>>
>>
>> 13th Floor , Delta Towers, Oracle Wing,
>>
>> Chiromo Road, Westlands,
>>
>> Nairobi, Kenya.
>>
>> Any information of a personal nature expressed in this email are purely
>> mine and do not necessarily reflect the official positions of the
>> organizations that I work with.
>>
>> On Tue, Jul 24, 2018 at 11:50 AM, Victor Kapiyo via kictanet <
>> [email protected]> wrote:
>>
>>> The Communications Authority (CA), is seeking powers to license all
>>> mobile money agents as part of new measures targeting market dominance in
>>> the telecommunications sector. Francis Wangusi, the CA director general
>>> told parliament Monday that the registration seeks to make the agents
>>> neutral so that they can serve the telecoms operators. “The agents are
>>> going to be licensed to check misuse of information provided by mobile
>>> operators,” Mr Wangusi told the National Assembly’s committee on ICT. Leading
>>> telecoms operator, Safaricom, has 160,000 agents for its M-Pesa platform,
>>> Airtel money has 30,000 while Telkom’s T-Kash has 7,000.
>>>
>>> www.businessdailyafrica.com/news/Regulator-seeks-pow
>>> er-license-mobile-cash-agents/539546-4678402-yl67ycz/index.html
>>>
>>> We look forward to review the regulations.
>>>
>>> *Victor Kapiyo*
>>> Partner | *Lawmark Partners LLP*
>>> *Suite No. 8, Centro House, Westlands, Nairobi | **Web:
>>> www.lawmark.co.ke <www.lawmark.co.ke> *
>>> ====================================================
>>>
>>> *“Your attitude, not your aptitude, will determine your altitude” Zig
>>> Ziglar*
>>>
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>>
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people\’s times and bandwidth,
> share knowledge, don\’t flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>
>
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