Daily Monitor
Tuesday January 19 2021
Summary
In an earlier interview last week, Mr Peter Kawumi, the chairperson of Financial Technology and Service Providers Association, told Daily Monitor that on a daily basis 300 million transactions are carried out by means of Fintech system alone in the country.
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The Internet shutdown that started on January 13 has caused huge losses as businesses, government agencies, organisations and web-based operations such as e-tax payments were disrupted for five days.
The State action has been described as inconsiderate due to the modern ways of conducting business through e-commerce.
On the eve of the election, government shut down Internet citing security reasons during the elections for President and Members of Parliament.