Kenya currently lays claim to the world's largest user base of mobile money. With over 25 million mobile money users in the country, Kenya seems to be a mobile developer's dream when it comes to potential user base. However, as COSEKE's Kevin Njoki told ITWeb Africa, developers face major roadblocks in monetizing apps despite the massive mobile money user base. At the heart of the difficulty lies a lack of open APIs from the country's leading telecommunication companies.
Smartphones will continue to play a bigger role in our lives. The results of a recent study by research firm Mind Commerce confirms this. According to the report, the telecom networks API industry will grow 38% and account for $157 billion in global revenue by 2018.