21 June 2010

Kenya fact of the day

11% of Kenya's GDP is transferred annually over cell phones (HT: Watson).

Or is it?

Since its inception [2007], the cumulative value of the money transferred via M-Pesa was over US$3.7 billion -- almost 10 percent of Kenya’s annual GDP (Safaricom, 2009). Aker and Mbiti

So somewhere between 4% and 11% then. Still not to be sniffed at.

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