<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>Indeed.<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 10:02 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">Yeah that is true Ali. The banking sector is going through some very challenging times...That said the potential for KITS is huge for small and medium size business but its the regulator's headache to figure out.<br></div><div class="gmail_extra"><br><div class="gmail_quote">On Thu, Jan 5, 2017 at 9:44 PM, Ali Hussein <span dir="ltr"><<a href="mailto:ali@hussein.me.ke" target="_blank">ali@hussein.me.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>Emmanuel</div><div id="m_-4172253762040291561AppleMailSignature"><br></div><div id="m_-4172253762040291561AppleMailSignature">Good points. I'm sure the banking sector has considered this. Fact is this:-</div><div id="m_-4172253762040291561AppleMailSignature"><br></div><div id="m_-4172253762040291561AppleMailSignature">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="m_-4172253762040291561AppleMailSignature"><br></div><div id="m_-4172253762040291561AppleMailSignature">Besides, I'm sure the banks have considered that risk and found it worth it..<span class=""><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</span></div><div><div class="h5"><div><br>On 5 Jan 2017, at 6:20 PM, Emmanuel Khisa <<a href="mailto:oloo.khisa@googlemail.com" target="_blank">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><wbr>></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.businessdailyafrica<wbr>.com/Corporate-News/mobile-<wbr>money-transfer-platform-<wbr>stalls/539550-3505860-item-0-<wbr>9h14j8/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.c<wbr>om/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" target="_blank">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/m<wbr>ailman/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/m<wbr>ailman/options/kictanet/oloo.k<wbr>hisa%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="m_-4172253762040291561gmail_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><a href="tel:0721%20321086" value="+254721321086" target="_blank">0721321086</a>/<a href="tel:0731%20849128" value="+254731849128" target="_blank">0731849128</a><br><a title="View public profile" href="http://ke.linkedin.com/in/olookhisa" name="m_-4172253762040291561_UNIQUE_ID_SafeHtmlFilter_SafeHtmlFilter_SafeHtmlFilter_SafeHtmlFilter_webProfileURL" target="_blank">http://ke.linkedin.com/in/<wbr>olookhisa</a></b><br></div>
</div>
</div></blockquote></div></div></div></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>