Embrace internet tech to keep key sectors in operation

Covid-19 is reminding workers that the digital economy is one that best absorbs the shocks of any disease that discourages physical contact and social grouping. The novel coronavirus that first appeared in mainland China has now spread across the world, with more than 82,000 reported cases and nearly 3,000 deaths, as of Thursday. And right alongside the outbreak is the deployment of myriad types of AI-powered tech that is now being put on full display. Economies are at a standstill, with key sectors under serious existential threats of extinction. It…

Read More

Mobile banking dominance may slow down as users opt for digital lending apps

M-Gas

The growing dominance of mobile banking may slow down amid low employment rates and high costs of living which have pushed more Kenyans to rely on digital lending apps to make ends meet, a new report shows. The report by Egyptian investment bank, EFG Hermes, said the surge in digital lending apps has been witnessed over the years as more Kenyans sought to supplement their incomes following a spiral in the cost of living. This is likely to threaten the mobile banking revolution. While more mobile banking and digital loan…

Read More