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</o:shapelayout></xml><![endif]--></head><body lang=EN-GB link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Bwana PS,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>We are going to have presentations and a Panel Discussion on agency banking in our Banking & Mobile Money Conference over 2-3 March, with CBK participation, as commercial banks have expressed their concern about lack of clarity in the regulations. So we hope this will be a useful platform to develop clearer understanding and encourage increased take-up. Presentation proposals would be welcome.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Asante,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D'>Sean Moroney<br></span><b><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D'>Chairman</span></b><b><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D'><br></span></b><b><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:red'>AITEC Africa</span></b><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D'><br>seanm@aitecafrica.com<br>UK Tel: +44(0)1480-880774<br>UK Fax: +44(0)1480-880765<br>UK Mobile: +44(0)7973-499224<br>Kenya Mobile: +254(0)721-845674<br>Mozambique Mobile: +258-82-820880583<br>Nigeria Mobile: +234(0)802-0571766<br>SA Mobile: +27(0)724-577887<br>Skype: seanmoroney<br>www.aitecafrica.com </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0cm 0cm 0cm'><p class=MsoNormal><b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> kictanet-bounces+seanm=aitecafrica.com@lists.kictanet.or.ke [mailto:kictanet-bounces+seanm=aitecafrica.com@lists.kictanet.or.ke] <b>On Behalf Of </b>bitange@jambo.co.ke<br><b>Sent:</b> 07 December 2010 19:43<br><b>To:</b> seanm@aitecafrica.com<br><b>Cc:</b> KICTAnet ICT Policy Discussions; kictanet-bounces+bitange=jambo.co.ke@lists.kictanet.or.ke<br><b>Subject:</b> Re: [kictanet] Update on Pasha Centres<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Andrea,<br>Great perspective. It needs a white paper or a theisis of some sort. That way we understand our environment better. May be we need to ask listers if we develop some collaboration to do a comprehensive research on the Banks change of policy toward small accounts.<br><br>On Registration of sim cards, we have not slept. We shall be back more stronger with the necessary legal framework. It is actually beneficial to all of us to register. The interest rates we pay are higher because we not easily traceable.<br><br>Regards<br><br>Ndemo.<o:p></o:p></p><p>Sent from my BlackBerry®<o:p></o:p></p><div class=MsoNormal align=center style='text-align:center'><hr size=2 width="100%" align=center></div><div><p class=MsoNormal><b>From: </b>Andrea Bohnstedt <andrea.bohnstedt@ratio-magazine.com> <o:p></o:p></p></div><div><p class=MsoNormal><b>Date: </b>Tue, 7 Dec 2010 14:53:34 +0300<o:p></o:p></p></div><div><p class=MsoNormal><b>To: </b><bitange@jambo.co.ke><o:p></o:p></p></div><div><p class=MsoNormal><b>Cc: </b><kictanet-bounces+bitange=jambo.co.ke@lists.kictanet.or.ke>; KICTAnet ICT Policy Discussions<kictanet@lists.kictanet.or.ke><o:p></o:p></p></div><div><p class=MsoNormal><b>Subject: </b>Re: [kictanet] Update on Pasha Centres<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><p class=MsoNormal>Dr Ndemo, thanks for that - very useful. For Co-op Bank, this makes a lot of sense and if they work through the existing co-operative movement, they have a lot more control and closer integration anyway. Same with the other two banks that you cite: if they already have an extensive rural network, then it's easier to extend it further. Call it risk aversion - or just call it prudential growth: I have repeatedly heard in the past few months that the number of fraud cases in the banking system has risen quite significantly. I, for one, would like my bank to be very prudent about who and how they grant access to their core banking system so that my accounts are protected from unauthorised access. <br><br>This reversal of the roll-back of the branch system doesn't strike me as so incomprehensible, by the way. I think there are two factors at play: the transition from the Moi administration, and technology: <o:p></o:p></p><ul type=disc><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>in the last years of the Moi administration, the economy became ever more sclerotic, and I guess (although I'd have to look it up) that the state borrowed more (given that donors were moe reluctant to back a corrupt regime, and tax revenues were held back by a stagnant economy). For banks, it's easier and cheaper to lend to government than deal with small retail clients. Makes business sense. Since 2004, GDP growth has accelerated, and there has been some fiscal consolidation. Both a good incentive to reconsider the lower end of the retail market. <o:p></o:p></li><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>Technology has made it a lot easier to administer smaller accounts, and mobile money has certainly played its role. <o:p></o:p></li></ul><p class=MsoNormal style='margin-bottom:12.0pt'>Lending through an agency network: I don't think it will necessarily be that easy because a bank may make the disbursement through an agent, or mobile money account, but still needs to do the whole credit evaluation - i.e check an individual's creditworthiness and/or have securities and/or require employment status and payslips and/or require guarantors etc. Again, this is to protect people who entrust the lending bank with thei money, and it's important not to confuse these principles of sound lending and banking with the technology through which the loan is paid out and paid back. Any bank that doesn't do this should have the CBK on its bank instantly, and rightfully so. <br><br>SIM card registration: I've bored everyone sufficiently with my opinion on this. The existing data base is not accurate, I am not sure what provisions have been taken to update subscriber figures regularly, and I have spoken to several people recently who have bought SIM cards and there was no mention of registration. <br><br><br><o:p></o:p></p><div><p class=MsoNormal>On 7 December 2010 13:10, <<a href="mailto:bitange@jambo.co.ke">bitange@jambo.co.ke</a>> wrote:<o:p></o:p></p><p class=MsoNormal>Andrea,<br>Just talked to the Govenor on this issue. He says they have licensed 4,000 and are processing many more. Some banks of course are more risk averse than others. The Co-op Bank I know are working to develop their own DVs through their rural cooperative movement. They only need us to provide connectivity.<br><br>Two other banks with extensive rural network are also developing their rural model. Some 10 years Banksd ran away from rural Kenya citing cost in running "small" accounts. Today they are trooping back. I cannot figure out this but I suspect Prahalad's work on the bottom of the pyramid. I am aware some banks may leverage on mobile coverage to offer innovative products. Lending of less than 10,000 will common within the next few months.<br><br>From the recent UPU meet, it is made mandatory for each country to start working on the street addressing or GPS locationing systems. Once this is done the Banks can safely lend. This what Hernando de Soto's Mystry of Capital labours to explain. A nother book that should be a mandatory read for all Kenyans. And lastly you see why every mobile phone user needs to register.<br><br>Ndemo.<br><br><br><br><br>Sent from my BlackBerry®<o:p></o:p></p><div><p class=MsoNormal style='margin-bottom:12.0pt'><br>-----Original Message-----<br>From: Andrea Bohnstedt <<a href="mailto:andrea.bohnstedt@ratio-magazine.com">andrea.bohnstedt@ratio-magazine.com</a>><br>Sender: kictanet-bounces+bitange=<a href="http://jambo.co.ke" target="_blank">jambo.co.ke</a>@<a href="http://lists.kictanet.or.ke" target="_blank">lists.kictanet.or.ke</a><br>Date: Tue, 7 Dec 2010 10:41:06<br>To: <<a href="mailto:bitange@jambo.co.ke">bitange@jambo.co.ke</a>><br>Cc: KICTAnet ICT Policy Discussions<<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>><br>Subject: Re: [kictanet] Update on Pasha Centres<br><br>_______________________________________________<br>kictanet mailing list<br><a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a><br><a href="http://lists.kictanet.or.ke/mailman/listinfo/kictanet" target="_blank">http://lists.kictanet.or.ke/mailman/listinfo/kictanet</a><o:p></o:p></p></div><p class=MsoNormal style='margin-bottom:12.0pt'>This message was sent to: <a href="mailto:bitange@jambo.co.ke">bitange@jambo.co.ke</a><br>Unsubscribe or change your options at <a href="http://lists.kictanet.or.ke/mailman/options/kictanet/bitange%40jambo.co.ke" target="_blank">http://lists.kictanet.or.ke/mailman/options/kictanet/bitange%40jambo.co.ke</a><o:p></o:p></p></div><p class=MsoNormal><br><br clear=all><br>-- <br><a href="http://ke.linkedin.com/in/andreabohnstedt" target="_blank"><span style='font-family:"Verdana","sans-serif"'>Andrea Bohnstedt</span></a><span style='font-family:"Verdana","sans-serif"'><br>Publisher<br>+254 720 960 322 <br><br><a href="http://www.ratio-magazine.com" target="_blank">www.ratio-magazine.com</a><br></span><a href="http://www.ratio-magazine.com/careers/index.php" target="_blank"><span style='font-family:"Verdana","sans-serif"'>Find/post East Africa careers</span></a><span style='font-family:"Verdana","sans-serif"'><br></span><a href="http://www.ratio-magazine.com/businessevents/index.php" target="_blank"><span style='font-family:"Verdana","sans-serif"'>Find/post conferences, workshops, trainings, other business events</span></a><span style='font-family:"Verdana","sans-serif"'><br><br><br></span><br><br><br>-------------------------------------------------- <br>This message has been scanned for viruses and <br>dangerous content by <a href="http://www.mail.jambo.co.ke/"><b>Jambo MailScanner</b></a>, and is <br>believed to be clean. <br>-------------------------------------------------- <br>"easy access to the world" <o:p></o:p></p></div></body></html>