Economy starved of billions from M-Pesa outlets

Shops, including M-Pesa outlets, closed in Nairobi on August 8, 2017. PHOTO | WILLIAM OERI

Mobile money outlets and banking agency shops remained shut, hitting customers seeking to deposit or withdraw cash hard.

The agents’ closure starved the economy of billions of shillings from mobile money transactions that now account for nearly a quarter of Kenya’s gross domestic product (GDP).

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Note: The results are not exact but very close to the actual.