Ratio Magazine :: The Inside Track to East Africa’s Economies - Kenya: Press Releases: AITEC to Promote Young Innovators at its Banking Conference

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Kenya: Press Releases: AITEC to Promote Young Innovators at its Banking Conference

Monday, 15 February 2010

Three of Kenya’s rapidly growing network of young ICT innovators and entrepreneurs have been selected to make showcase presentations on their products at AITEC’s forthcoming Banking and Mobile Money Conference for the COMESA region. They are Agosta Liko, Founder of PesaPal, Danson Muchemi, CEO of Web Tribe and Philip Nyamwaya, Head of Business Development - Enterprise Applications at Intrepid Data Systems.

Each of them will be given an opportunity to speak about their innovations for the financial services sector in front of an audience of over 300 bankers, service providers, regulators and fellow technology suppliers from throughout the COMESA region. The theme of the conference is “Banking Leadership through Innovation”, with the aim of highlighting Kenya’s leadership position in financial services innovation, as exemplified by Safaricom’s M-Pesa mobile payment service, which has taken the market by storm and attracted worldwide attention.

Agosta Liko will discuss the PesaPal online payment verification system that has been developed by his team, creating an indigenous ecommerce solution, allowing users to conduct business on the Internet. Danson Muchemi, who founded Web Tribe after studying at Kenyatta and Strathmore Universities, will speak on the online micro-payment gateway called Jambopay that they have developed. Philip Nyamwaya, co-founder of Intrepid Data Systems, will speak about the need for real-time processing of mobile money transactions to spur the uptake of m-commerce in the COMESA region. He will showcase Intrepid’s online domain registration system that uses the iPay system to authenticate and complete transactions, thus allowing clients to sell products online.

Announcing the three young innovators, Sean Moroney, Chairman of AITEC, enthused about the large reservoir of youthful expertise emerging in Kenya’s ICT market. “Kenya’s young ICT innovators are the key to Kenya achieving the information society goals of its 2020 Vision. World-beating solutions are being developed by the country’s software developers and it is time for local investors, users and entrepreneurs to sit up and take notice. We hope that by exposing a sample group of innovators we will stimulate serious market interest in the potential they represent.”

The young innovators will be joined by another 90 local and international experts, making presentations in four parallel tracks over the two days of the conference. Speakers will be coming from 13 countries, representing an unprecedented level of expertise in systems and business strategies in the financial services sector.

The event will include a specialised exhibition on products and services, with over 40 local and international exhibitors.

For full details of the conference, log on to www.aitecafrica.com

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