Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya
International Journal of Intelligent Information Systems
Volume 2, Issue 2, April 2013, Pages: 40-45
Received: Apr. 24, 2013;
Published: May 30, 2013
Views 2638 Downloads 175
M. Achieng, School of Pure & Applied Sciences, Karatina University, Karatina, Kenya
Small and Medium Enterprises (SMEs), mostly in the third world countries face many challenges in the management of finances; namely: the ability to determine daily net earnings after the daily ratios for recurrent monthly deductions such loan premiums and utility bills are made. The main reason is the lack of an elaborate information technology infrastructure that directly targets this vital economic sub-sector for linking it to the general infrastructure that administers other financial transactions. In this article, we report the findings of a research conducted in assessing the readiness of SMEs and the Kenyan financial institutions in the use of information technology to specifically address these challenges.
Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya, International Journal of Intelligent Information Systems.
Vol. 2, No. 2,
2013, pp. 40-45.
Urve Venesaar and Piret Loomets. (2006). The Role of Entrepreneurship in Economic Development and Implications for SME Policy in Estonia. 14th Nordic Conference on Small Business Research, Stockholm, Sweden.
Marion Mbogo. (2011). Influence of Managerial Accounting Skills on SME’s on the Success and Growth of Small and Medium Enterprises in Kenya. Journal of Language, Technology & Entrepreneurship in Africa Vol. 3 (1)
Challenges Facing SMEs in Kenya. Workshop held at KICC (2012).
Noel Tagoe, Ernest Nyarko, Ebenezer Anuwa-Amarh. (2005). Financial Challenges Facing Urban SMEs under Financial Sector Liberalization in Ghana. Journal of Small Business Management, Vol. (43)
Organization for Economic Co-operation and Development Policy Brief (2006). Accessed from: http://www.oecd.org/dataoecd/53/27/37704120.pdf. Date: 13/03/2011
Sanjay Sethi. (2011). micro, small and medium enterprises, government of Maharashtra, India. Financial times.
Winifred Ambunya. (2012). Equity funds court. SMEs fleeing high interest rates.
Vision 2030. Flagship projects. Accessed from: http://www.vision2030.go.ke/index.php/pillars/project/Economic/39. Date: 16/5/2011
Making business loans a reality for micro and small enterprises in Kenya. Report by USAID Kenya (2010).
Mobile money takes East Africa by storm. A report by micro-finance Africa (2012).
Branchless Banking. A report by FSD-Kenya. (2009).
Scaling Up ICT-Enabled Innovation & Entrepreneurship in Developing Countries: The Role of Private Sector Finance. Accessed from: http://www.infodev.org/en/Project.28.html. Date: 21/04/2011
Micro, Small and Medium-Sized Enterprises Strategy. Document of the European Bank for Reconstruction and Development. (2006)
Richard Duncombe and Richard Heeks (2005). Information & Communication Technologies (ICTs), Poverty Reduction and Micro, Small & Medium-scale Enterprises (MSMEs). A framework for understanding ICT applications for MSMEs in developing countries
IT-Enabling Services (ITES) Industry Support Sub-Component. An ICT-based SME model by GoG. Retrieved from: http://www.ites.gov.gh/IT-Industry.aspx. Date: 01/12/2011
Debasish Maitra.(2010). SME & Technology-A New Business Metric
Promoting Public-Private Partnerships: An innovative business model to foster pro-poor growth through Information and Communication Technology (ICT). UNIDO-Microsoft report (2008)
Roberto Zavatta. (2008). Financing Technology Enterpreneurs & SMES in Developing Countries: Challenges and Opportunities. An infoDev publication
Rebecca Wanjiku. (2008). Kenyan bank launches online banking. IDG News Service, Nairobi Bureau.
Richard Nyangosi. (2008). E-Banking: An Integration Technology in Kenya.
Isaac Awuondo. (2006). e-Banking in Kenya: Practical lessons to be drawn
Malek AL-Majali. (2011). Modeling the antecedents of internet banking service adoption (IBSA) in Jordan: A Structural Equation Modeling (SEM) approach
Azyanee Luqman. (2011). E-business Adoption amongst SMEs: A Structural Equation Modeling Approach. Journal of Internet Banking and Commerce. vol. 16 (2)