<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>Emmanuel</div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">Good points. I'm sure the banking sector has considered this. Fact is this:-</div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">The money circulating in the banking sector is less than 30% of liquidity in Africa. I believe the regulator needs to relook at its mandate and focus on the bigger picture.. </div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">Besides, I'm sure the banks have considered that risk and found it worth it..<br><br><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Ali Hussein</b></span></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Principal</b></span></div><div><b style="background-color: rgba(255, 255, 255, 0);">Hussein & Associates</b></div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; ">+254 0713 601113 </div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; "><br></div><div><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Twitter: @AliHKassim</span></p><span style="background-color: rgba(255, 255, 255, 0);"><font></font></span><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Skype: abu-jomo</span></p><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a></span></p><font><br></font></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></span></div><div>"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><br></span></div>Sent from my iPad</div><div><br>On 5 Jan 2017, at 6:20 PM, Emmanuel Khisa <<a href="mailto:oloo.khisa@googlemail.com">oloo.khisa@googlemail.com</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr"><div><div><div><div><div>With some little understanding of the workings here, I suspect that the fear could be threat of liquidity flight from banks due to increased velocity of deposit movement.<br><br></div>The Banking sector is already experiencing tightness of liquidity and I suspect (as I am not privy to CBK's decision and will not pre-empt) the delay is likely based on policy consideration.<br><br></div>I truly hope a way forward is found on the matter even if it means reducing the amount transferable from the current Kes. 1,000,000 to maybe Kes. 300,000 per day per transfer.<br><br></div>You can imagine if funds leave Equity say 1000,000 transfers of 1,000,000 each, you could have a very negative position at the end of business day for the most retail bank. You could also argue that a bank say Equity again may be a net receiver due to its numbers. <br><br></div>Anyway, headache for the regulator.<br><br></div>Rgds<br></div><div class="gmail_extra"><br><div class="gmail_quote">On Wed, Jan 4, 2017 at 10:17 AM, Ali Hussein via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="auto"><div>Listers</div><div><br></div><div>This is an interesting one. An excerpt from the story in the Business Daily:-</div><div><br></div><div><div style="margin:0px;padding:0px"><p style="margin:0px 0px 20px;padding:0px;line-height:1.5em"><span style="background-color:rgba(255,255,255,0)">The <em style="margin:0px;padding:0px"><b>Business Daily</b></em> has learned that KBA member banks submitted their product and system proposals to the CBK in July ahead of the planned August launch date, seeking approvals.</span></p></div><div style="margin:0px;padding:0px"><p style="margin:0px 0px 20px;padding:0px;line-height:1.5em"><span style="background-color:rgba(255,255,255,0)">Such authorisations, which are ordinarily issued after a maximum of one month, are however yet to be issued, delaying the launch of a product that promises to revolutionise the financial services sector.</span></p><p style="margin:0px 0px 20px;padding:0px;line-height:1.5em">Read on:-</p></div><a href="http://www.businessdailyafrica.com/Corporate-News/mobile-money-transfer-platform-stalls/539550-3505860-item-0-9h14j8/index.html" target="_blank">http://www.<wbr>businessdailyafrica.com/<wbr>Corporate-News/mobile-money-<wbr>transfer-platform-stalls/<wbr>539550-3505860-item-0-9h14j8/<wbr>index.html</a></div><div><br></div><div>As a matter of public interest it would be interesting to know why there's been such a delay in the regulatory approval of such a game changing initiative for the banking sector. </div><div><br></div><div>Anyone who has an inkling on the workings at the Central Bank? It seems to me that 7 months waiting for an approval is simply too long... </div><div><br><br><div><span><b>Ali Hussein</b></span></div><div><span><b>Principal</b></span></div><div><b style="background-color:rgba(255,255,255,0)">Hussein & Associates</b></div><div style="font-family:Helvetica;font-size:medium"><a href="tel:0713%20601113" value="+254713601113" target="_blank">+254 0713 601113</a> </div><div style="font-family:Helvetica;font-size:medium"><br></div><div><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Twitter: @AliHKassim</span></p><span style="background-color:rgba(255,255,255,0)"><font></font></span><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Skype: abu-jomo</span></p><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.<wbr>com/in/alihkassim</a></span></p><font><br></font></div><div><span><br></span></div><div>"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div><span><br></span></div>Sent from my iPad</div></div><br>______________________________<wbr>_________________<br>
kictanet mailing list<br>
<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a><br>
<a href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet" rel="noreferrer" target="_blank">https://lists.kictanet.or.ke/<wbr>mailman/listinfo/kictanet</a><br>
<br>
Unsubscribe or change your options at <a href="https://lists.kictanet.or.ke/mailman/options/kictanet/oloo.khisa%40gmail.com" rel="noreferrer" target="_blank">https://lists.kictanet.or.ke/<wbr>mailman/options/kictanet/oloo.<wbr>khisa%40gmail.com</a><br>
<br>
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.<br>
<br>
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.<br></blockquote></div><br><br clear="all"><br>-- <br><div class="gmail_signature" data-smartmail="gmail_signature"><font style="font-family:comic sans ms,sans-serif" size="2"><h6> <span><font size="2">"Service to Mankind is the greatest form of service"...</font></span></h6></font><h6><br></h6><b><br>Oloo Khisa<br>P.O. Box 24324-00100<br>Nairobi<br>0721321086/0731849128<br><a title="View public profile" href="http://ke.linkedin.com/in/olookhisa" name="UNIQUE_ID_SafeHtmlFilter_SafeHtmlFilter_SafeHtmlFilter_SafeHtmlFilter_webProfileURL" target="_blank">http://ke.linkedin.com/in/olookhisa</a></b><br></div>
</div>
</div></blockquote></body></html>