CBK data show that in August, the value of cash used to pay for goods and services through mobile money stood at Sh286.34 billion. This represents a 7.3 per cent decline from Sh308.89 billion used for mobile commerce in July. “With regard to the movement of money, the political environment and the business environment have not been favourable,” Muriuki said. The Communication Authority’s fourth quarter report for the period between April and June showed that mobile commerce transactions account for at least 56.81 per cent of the total cash moved through mobile money platforms. The education sector has also had its calendar disrupted and national examinations could suffer if the current political situation is not managed properly,” he said.

Source: The Star October 26, 2017 04:18 UTC