Sociology of Africa: Mobile Money: Banks get ready to take on M-pesa

Monday, October 13, 2014

Mobile Money: Banks get ready to take on M-pesa

By Gilbert Nganga in Nairobi

THE AFRICA REPORT - 13 October 2014

Deep in sprawling Githurai, a low-income residential estate on the outskirts of Kenya's capital, Nairobi, a cashier sitting in a small cubicle at a cement outlet is busy counting a wad of cash as dozens of customers queue.

A mean-eyed but careful security guard monitors the booth – an agency for Kenya's second-biggest lender by assets, Equity Bank.
The premises is also an agency for the country's mobile money-transfer service, M-Pesa. At the booth customers can load money onto their phones to pay bills, buy things or send it to relatives, or convert money received via M-Pesa into cash.
So far, so familiar – but Kenya is sitting on the verge of yet another mobile money revolution. Equity Bank (#86), Kenya's largest lender by accounts, is to launch its own mobile banking platform with Airtel, offering its full suite of services – including, crucially, loans – by mobile phone to its eight million customers.
It is the first serious challenge to M-Pesa since the launch of the popular money-transfer system by Safaricom seven years ago.

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Recommended Books on Africa, Africana and Black Studies

Delores P. Aldridge and Carlene Young. Out of the Revolution: The Development of Africana Studies. Lanham, MD: Lexington, 2003. ISBN 0-7391-0547-7.
Maulana Karenga. Introduction to Black Studies. University of Sankore Press, 2010.
Peter Gran. Beyond Eurocentrism: A new view of modern world history. Syracuse University Press, 1996.
Michael George Hanchard. Black Transnationalism, Africana Studies, and the 21st Century. Journal of Black Studies, Nov 2004; vol. 35: pp. 139 - 153.
James L. Conyers. The Evolution Of Africology: An Afrocentric Appraisal. Journal of Black Studies, May 2004; vol. 34: pp. 640 - 652.
Mark Christian. Black Studies in the 21st Century: Longevity Has Its Place. Journal of Black Studies, May 2006; vol. 36: pp. 698 - 719.
Molefi Kete Asante. A Discourse on Black Studies: Liberating the Study of African People in the Western Academy. Journal of Black Studies, May 2006; vol. 36: pp. 646 - 662.
A. Adu Boahen. African Perspectives on Colonialism. John Hopkins University Press 1989.
David Birmingham. Decolonization Of Africa. Routledge 1995.
Frederick Cooper. Africa since 1940: The Past of the Present. Cambridge University Press, 2002.
Terry Kershaw. Toward a Black Studies Paradigm: An Assessment and Some Directions. Journal of Black Studies, Jun 1992; vol. 22: pp. 477 - 493.
Mervat Hatem. Africa on My Mind. International Journal of Middle East Studies. (41) 2009.
Carolyn Somerville. The “African” in Africana/Black/African and African American Studies. International Journal of Middle East Studies. (41) 2009.
Terence Walz. The Fruit of the Africanist Contribution. International Journal of Middle East Studies. (41) 2009.
John O. Voll. Reconceptualizing of the “Regions” in “Area Studies”. International Journal of Middle East Studies. (41) 2009.
Appiah, Kwame Anthony. 1992. “The Invention of Africa.” Pp. 3-27. In My Father’s House: Africa in the Philosophy of Culture. New York: Oxford University Press.
Bonilla-Silva, Eduardo. 2003. Racism Without Racists: Color-Blind Racism And the Persistence of Racial Inequality in the United States. New York: Rowman and Littlefield Publishers.
Comaroff, Jean and John. 1991. “Africa Observed: Discourses of the Imperial Imagination.” Pp. 86-125, Of Revelation and Revolution: Christianity, Colonialism, and Consciousness in South Africa. Chicago: University of Chicago Press. X
Grant-Thomas, Andrew and john a. Powell. 2009. “Structural Racism and Color Lines in the United States. Pp. 118-144 in Twenty-First Century Color Lines: Multiracial Change in Contemporary America. Edited by Andrew Grant-Thomas and Gary Orfield. Philadelphia: Temple University Press. X
Mazrui, Ali. 2005. The Re-invention of Africa: Edward Said, V. Y. Mudimbe, and Beyond. Research in African Literatures 36 (3): 68-82.
Hochschild, Adam. King Leopold’s Ghost: A Story of Greed, Terror, and Heroism in Colonial Africa. Boston: Houghton-Mifflin, 1998.
Achebe, Chinua. A Man of the People. New York: Anchor, 1967, 1989.
Maier, Karl. Into the House of Ancestors: Inside the New Africa. New York: John Wiley and Sons, 1998.
Peterson, Scott. Me Against My Brother: At War in Somalia, Sudan, and Rwanda. New York: Routledge, 2000.

Tugrul Keskin - Assistant Professor of International and Middle Eastern Studies

Tugrul Keskin is an Assistant Professor of International and Middle Eastern Studies and an affiliated faculty of Black Studies, Sociology and the Center For Turkish Studies at Portland State University. He is also the Middle East Studies Coordinator (INTL). His research and teaching interests include Sociology of Islam and the Middle East, Social and Political Theory, Post-Colonial Theory, Islamic Movements, Development and Urbanization in the Middle East, Sociology of Africa, and Modern Kurdish, Uyghur and Turkish Nationalism. Previously, Dr. Keskin taught as an instructor of Sociology and Africana Studies at Virginia Tech University and has also taught as a Visiting Assistant Professor of Sociology at James Madison University and Radford University. He received his PhD in Sociology from Virginia Tech, with certificate degrees in Africana Studies, Social and Political Thought, and International Research and Development. He is the founder and moderator of the Sociology of Islam mailing list, and editor of the Sociology of Islam and Muslim Societies Newsletter: http://www.pdx.edu/sociologyofislam. Dr. Keskin has recently had his edited book, The Sociology of Islam: Secularism Economy and Politics published by Garnet/Ithaca Press, 2011. Tugrul Keskin is a board member of Sociologists Without Borders and serves as a book review editor of Societies Without Borders http://societieswithoutborders.org/.