How East Africa can unlock Big Data

How East Africa can unlock Big Data

In this era of Big Data, characterized by radical customization, constant experimentation; unique business models are the new hallmarks of achieving competitive advantage. Organizations that analyze huge volumes of data have the edge. East Africa should not be left behind; below are recommendations that companies within the region should pay attention to. Increase the variety of data collected by your company but start with questions and be aware of the mountains of data available in your…

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EAC: Cross border transactions to halve

EAC: Cross border transactions to halve

Policy makers in the East African region have recently concluded procedures for an interconnected financial switch for electronic banking services in the bloc, a move meant to lower the cost of cross-border banking transactions by more than half. The fee charged on automated teller machine (ATM) withdrawals from different banks across regional borders will drop from $2.5 to $0.8 per transaction by the end of the year as the inter-operability of card switches project goes…

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