Published On: Tue, Aug 4th, 2015

Record 85.5% mobile penetration, Sh. 1.3tr in mobile money transfers in 6 months – Kenya

Mobile penetration in Kenya surged to 85.5%, a 2.9% jump from the previous quarter, as competition in the mobile telecommunications industry heats up.

New entrant Equitel has so far managed to capture 1.9% (or 665,661 subscribers) of the total 34.8 million subsicribers in the country.

Mobile money transactions amounted to Sh. 1.3 trillion in the first 6 months of the year compared to Sh. 1.1tr over the same period last year with an average Sh. 7.3 billion transacted daily relative to a Sh. 6.2 billion per day average previously.

Sources: KBC and The Business Daily.

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Record 85.5% mobile penetration, Sh. 1.3tr in mobile money transfers in 6 months – Kenya
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