This was the theme of my presentation at the January 25 pre-launch event for the Business Hackathon event organized by the Mara Foundation (http://www.mara-foundation.org/) and Mara Launch Pad (http://www.mara-foundation.org/entrepreneurship/mara-launchpad.html).
Mobile money is on an exponential growth curve in Africa, due to the growth in mobile phone penetration of GSM SIM based phone networks, and is considered the next frontier in financial inclusion for the unbanked, and easing the costs of transactions on the continent. The primary success of M-Pesa by Safaricom in Kenya is driving adoption, but now that the teething challenges are being understood and models for dealing with them are becoming more prevelant, maturity challenges are now becoming more prominent and are causing many to wonder whether the promise is being achieved.
Mapping has grown by leaps and bounds, from the introduction of Google Maps, what was once the ode of cartographers and GIS experts is now available to the common folk like me :-)
Well 2012 is upon us, and the incubmbent US President Barack Obama, has started his battle for a second term in office, so that he can complete the change that he promised the American people. The battle for his first term was epic, first against Ms. Hillary Clinton, which intially changed from a David vs Goliath story to a battle of titans that he won. The one against the Republican was a massacre as Mr. John Mccain shot himself in the foot and head one campaign after another.
Day 3 of the weekend was entirely focused on validating the target customers, revenue numbers, business models and completing the proof of concepts for the pitches to the judges at the end of the day.
Day 2 started well, but what I can say is that it was a rollercoaster of a day I must say with ups and downs but well here it is. The day started early as there was a lot of energy from the night before, I got to the venue by 8:00am checked in and setup my laptop as I waited for my team mates to arrive.
This is a question where I have no knowledge but would appeal to organizations of all sizes, and in all sectors.