Mobile Money and the Informal Economy: A Paradigm Change
One of the most powerful pieces of data analysis I have come across recently has been the Banque de France’s working paper on the role of financial innovation in the informal economy. In my opinion, the importance of their conclusions are no less than the famous “price of fish” paper of a decade ago – […]
My thoughts on the internet closures by various African governments
There have been a lot of internet shutdowns of late in many countries in Africa. These range from as little as simply blocking access to popular social media apps like WhatsApp and Facebook, all the way to shutting down the entire internet. What concerns me is the conflation of access to the internet with access […]
Kenya’s informal economy clambering on to the information highway through their smartphones
Sometimes cliches are the only way to communicate the sheer breadth and depth of the transformation now undergoing in the informal sectors, such as trade and light manufacturing, thanks to affordable smartphones and data bundles. I began calling it digital and not online yesterday when we discovered many people didn’t recognize the word “online” in […]
The role of the grey market in Africa’s mobile telephony boom years
The grey market refers to goods which have been manufactured by or with the consent of the brand owner, but are sold outside of the brand owner’s approved distribution channels – which can be perfectly legal. (1) In Africa’s teeming business districts and electronics mega markets, the concept of grey market products underwent an evolution […]
Mobile Phones and the Informal Economy
Over the past week or so, I’ve been scanning literature from African researchers on the broad theme of mobile phones and the informal economy. Here are some of my top findings: The Mobile Phone is a Business Tool and Income Generator – Regardless of the region (and cultural context) of study – Cameroon or Cote […]
Africa’s emerging digital, social, mobile economy is neither formal nor informal but a bridge in between
Let’s call it the prepaid economy, I told Michael in our regular weekly call the other day. We were exploring the emergence of commercial activity on digital platforms in Kenya, and debating whether it could still be considered as an element of the existing informal economic ecosystem, or, was it something wholly novel and different? […]
Emergence of a decentralized digital economy? Snippets from Nigeria and Kenya
Continuing the conversation from the recent posts on app enabled demand redistribution as well as digital platforms being used by informal sector economic actors to boost their own productivity and efficiency, I thought to share snippets from these two recent articles I just came across, as cases in point. From Nigeria, West Africa: How WhatsApp […]
Lessons from African Fintech for the Gig Economy
Earlier this week, I had the opportunity to share my research on the past decade of mobile ecosystem development across the African continent with Dr. Antti Saarnio, founder of Zippie; co-founder of Jolla (developers of the Sailfish OS, among other things). “We want to test our product first and foremost in Africa because there is […]
Why the Potential of the African Consumer Market Cannot be Considered in Isolation from the Informal Economy
Top flight management consulting firms like McKinsey, BCG, Deloitte, PwC et al have been taking a good long look at the emergent African Consumer Market for a number of years now. McKinsey, in fact, has just released a book on the theme, authored by their leading Africa experts. All of them acknowledge the existence of […]
All Hail the Business Model Behind the Global Gig Economy
The first world’s ardent embrace of the gig economy is already over. Buyer’s remorse is setting in, even though it may have helped global unemployment hit its lowest point in forty years. What will remain, however, is its impact on the usually overlooked Rest of the World, where the ability of an app to drive […]
