Podcast
Questions and Answers
What was Equity Bank's innovation to solve the problem of last-mile delivery?
What was Equity Bank's innovation to solve the problem of last-mile delivery?
- Turning shopkeepers into banking agents (correct)
- Launching a digital payment app
- Introducing a new banking system
- Building more bank branches
Why did it take Equity Bank six years to convince the Central Bank about the agency banking model?
Why did it take Equity Bank six years to convince the Central Bank about the agency banking model?
- Central Bank was not interested in the idea
- Resistance to the idea of shopkeepers accepting cash as agents (correct)
- Difficulty in persuading shopkeepers to become agents
- Language barriers with the Central Bank officials
What is one way in which the agency model has demystified banking, according to James Mwangi?
What is one way in which the agency model has demystified banking, according to James Mwangi?
- Agents talk to customers in their local language (correct)
- Agents only serve customers in big cities
- Agents use complex banking terminology with customers
- Agents prioritize wealthy customers
How did Equity Bank help the shopkeepers who became agents?
How did Equity Bank help the shopkeepers who became agents?
Why did Equity Bank consider turning shopkeepers into banking agents as a strategy?
Why did Equity Bank consider turning shopkeepers into banking agents as a strategy?
How did Coca-Cola improve its delivery systems in Africa?
How did Coca-Cola improve its delivery systems in Africa?
What strategy did Coolworld stores use to enhance last-mile delivery in some cities?
What strategy did Coolworld stores use to enhance last-mile delivery in some cities?
How did Equity Bank manage to reduce back-office costs according to the text?
How did Equity Bank manage to reduce back-office costs according to the text?
What did Ecobank in Nigeria do to boost efficiency in 2016?
What did Ecobank in Nigeria do to boost efficiency in 2016?
What was one method suggested for banks in Africa to improve frontline productivity?
What was one method suggested for banks in Africa to improve frontline productivity?
'The recent slowdown in economic growth' was mentioned in the text as a catalyst for what in companies?
'The recent slowdown in economic growth' was mentioned in the text as a catalyst for what in companies?
'Digitization' was highlighted as a key opportunity for African banks to reduce what type of costs?
'Digitization' was highlighted as a key opportunity for African banks to reduce what type of costs?
What was the key strategy employed by StarTimes to gain a significant market share in the African pay television industry?
What was the key strategy employed by StarTimes to gain a significant market share in the African pay television industry?
What is one of the key factors that has contributed to the success of Chinese construction firms in Africa?
What is one of the key factors that has contributed to the success of Chinese construction firms in Africa?
Which of the following technologies are high-performing companies in Africa most likely to incorporate into their innovation strategies, according to the executive survey?
Which of the following technologies are high-performing companies in Africa most likely to incorporate into their innovation strategies, according to the executive survey?
What is the significance of M-Pesa in the context of digital technology's impact on Africa?
What is the significance of M-Pesa in the context of digital technology's impact on Africa?
How has M-Kopa leveraged the widespread use of mobile money in Africa?
How has M-Kopa leveraged the widespread use of mobile money in Africa?
Which of the following statements about mobile money adoption in Africa is NOT true, based on the information provided?
Which of the following statements about mobile money adoption in Africa is NOT true, based on the information provided?
Which of the following statements about M-Kopa is true?
Which of the following statements about M-Kopa is true?
According to the passage, what was one of the ways M-Kopa was tackling the scarcity of reliable consumer data in Africa?
According to the passage, what was one of the ways M-Kopa was tackling the scarcity of reliable consumer data in Africa?
What has the growth of Equity Bank's agency model helped to achieve?
What has the growth of Equity Bank's agency model helped to achieve?
How did the availability of electricity from M-Kopa improve the life of Duncan Manga and his family?
How did the availability of electricity from M-Kopa improve the life of Duncan Manga and his family?
According to the passage, what is one of the key benefits of Equity Bank's agency model for customers?
According to the passage, what is one of the key benefits of Equity Bank's agency model for customers?
What was Tolaram's strategy for marketing Indomie noodles in Nigeria?
What was Tolaram's strategy for marketing Indomie noodles in Nigeria?
What was the primary motivation behind Tayo Oviosu's founding of Paga in Nigeria?
What was the primary motivation behind Tayo Oviosu's founding of Paga in Nigeria?
What was a key innovation in Tolaram's distribution strategy for Indomie noodles?
What was a key innovation in Tolaram's distribution strategy for Indomie noodles?
How does the African Leadership University (ALU) offer its education program?
How does the African Leadership University (ALU) offer its education program?
What is one way that Tolaram has integrated its supply chain, according to the passage?
What is one way that Tolaram has integrated its supply chain, according to the passage?
How does the passage describe Tolaram's distribution network for Indomie noodles?
How does the passage describe Tolaram's distribution network for Indomie noodles?
According to the passage, what was one of the potential revenue streams M-Kopa was actively investing in?
According to the passage, what was one of the potential revenue streams M-Kopa was actively investing in?
What did Equity Bank achieve through its Equitel mobile application?
What did Equity Bank achieve through its Equitel mobile application?
What is the significance of Tolaram's integrated supply chain, as discussed in the passage?
What is the significance of Tolaram's integrated supply chain, as discussed in the passage?
What is the main reason the passage suggests that Tolaram focused its Indomie noodle marketing strategy on children?
What is the main reason the passage suggests that Tolaram focused its Indomie noodle marketing strategy on children?
What is the key benefit of Equity Bank's agency model for the pharmacy owner, Margaret Wanjiku, as described in the passage?
What is the key benefit of Equity Bank's agency model for the pharmacy owner, Margaret Wanjiku, as described in the passage?
What is the main innovation of the African Leadership University (ALU)?
What is the main innovation of the African Leadership University (ALU)?
How does GetSmarter approach online education?
How does GetSmarter approach online education?
What problem is mPedigree Network attempting to solve?
What problem is mPedigree Network attempting to solve?
What inspired Equity Bank to launch the Equity Afia medical centers?
What inspired Equity Bank to launch the Equity Afia medical centers?
What strategic approach do many ambitious businesses in Africa employ?
What strategic approach do many ambitious businesses in Africa employ?
Which statement best describes the African Leadership University's approach to education?
Which statement best describes the African Leadership University's approach to education?
What is the main advantage of GetSmarter's online certification courses?
What is the main advantage of GetSmarter's online certification courses?
How does mPedigree Network's solution work to combat counterfeit products?
How does mPedigree Network's solution work to combat counterfeit products?
What was Equity Bank's motivation for launching the Equity Afia medical centers?
What was Equity Bank's motivation for launching the Equity Afia medical centers?
According to the executive survey, what growth strategy did top-performing companies in Africa prioritize?
According to the executive survey, what growth strategy did top-performing companies in Africa prioritize?
What is the significance of the name 'M-Kopa' chosen by the cofounders?
What is the significance of the name 'M-Kopa' chosen by the cofounders?
What was the main barrier M-Kopa faced initially in implementing its business idea?
What was the main barrier M-Kopa faced initially in implementing its business idea?
Why did M-Kopa decide to offer solar-power kits as the first product through mobile-money financing?
Why did M-Kopa decide to offer solar-power kits as the first product through mobile-money financing?
How did M-Kopa address the issue of affordability for African households with limited income?
How did M-Kopa address the issue of affordability for African households with limited income?
What is the main factor enabling M-Kopa to attract customers and build a loyal base?
What is the main factor enabling M-Kopa to attract customers and build a loyal base?
What does Jesse Moore imply by calling M-Kopa's products a 'displacement proposition'?
What does Jesse Moore imply by calling M-Kopa's products a 'displacement proposition'?
What was a key milestone indicating M-Kopa's success in building customer loyalty?
What was a key milestone indicating M-Kopa's success in building customer loyalty?
Why did M-Kopa choose to sell solar-powered LED televisions?
Why did M-Kopa choose to sell solar-powered LED televisions?
