September 6, 2018
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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.
Historically, entrepreneurs and businesses in need of capital to bring their ideas to life had limited options, such as venture capital, bank loans and credit cards. But thanks to crowdfunding services like Kickstarter and Indiegogo, it's now possible for entrepreneurs and businesses to raise money from consumers willing to pre-order their wares.
Eleven APIs have been added to the ProgrammableWeb directory in categories including Bitcoin, Open Data, and Collaboration. Highlights include the denoti API, which provides endpoints for dozens of finance, economic, cryptocurrency and banking data and integration services.