So i was having this conversation with a few people in the morning. I realized the turning point for Safaricom was the "Kenyans are peculiar" statement by its then CEOMr. Michael Joseph. We talked about Equity and Barclays. Where Barclays closed branches in several parts of the country, Equity opened them.
There are few things you cannot do;get into the mind of Kenyans. You must be willing to do understand the market. Granted an idea may work well in France or South Africa, but there are a different people and culture.
In Kenya a lot of investments even at the NSE are done in "a pata potea" manner.
I listen a lot to my dad. He is your perfect Kenyan mind. He is the one that led the onslaught on the Kencell popularity on our house. In a matter of time, we all made the big switch never to go back. He is a lead user of MPESA. He definitely has an equity account despite his remarks on the stability of that bank. He likes the fact that he can walk with his log book into the bank and walk out with money.
One, Kenyans love simplicity. Do what you may, just make it simple.
It is not easy to open a bank account. You need a letter from a referee and a utility bill. I wonder just how many rural Kenyans have electricity bills. Last time i checked in my village, there was no water neither electricity bills coming. So Equity asked them to come with their copies of ID. And come, they did. When they did well, other banks warned they were treading on dangerous ground.
Check your regular Barclays/Standard Chartered requirements for a loan. You will be forgiven to think you are dealing with the CID. There are a few fraudsters granted. But just like the way the US treats aliens (sic) with the attitude that they are potential extreme Islamists ready to bomb them any second soon, banks tend to treat their good customers like fraudsters/defaulters. KIVA.org, a site that loans to small scale people in Africa has hardly reported any defaulters.
Just to make sure that this talk of peculiarity of Kenyan is not just talk, i headed to the CCK Website to check the Statistics. This is what i found;
Market Share in the telecommunications sector in Kenya
Safaricom- 68.6%
Airtel- 14.3%
Orange- 10.8%
Yu- 6.26%
Numbers do not lie.
Call Rates for mobile service providers
Safaricom- On Net 4 /= Off Net 5/=
Airtel - On Net 1/= Off Net 3/=
Orange- On Net 2/= Off Net 4/=
Yu- On Net -Free Off Net (No details)
Seems like these other mobile providers should stop competing on prices and enhance their brand visibility and "Kenyan-ness". As to how, you must go back to the real Kenyans and get to know what they want/think.
Tuesday, November 08, 2011
Monday, October 31, 2011
The apparent lack of charm in Kenyan Men
Ok another male bashing post! Not really. Just check out these two videos of two men, one Kenyan and another Tanzanian telling their lover to wait as they are stuck in traffic. Having said that did anyone notice the lack of Bongo Music everywhere?
Jam na Kam- Rabbit
Pi Pii- Marlaw
Jam na Kam- Rabbit
Pi Pii- Marlaw
Friday, October 21, 2011
Customer care- When will they start caring?
I love dealing with small business, i know the big businesses are taken care of.
Thus my heart breaks everytime , i visit these outlets. I know that though i am patient and resilient with these businesses, a lot of people wont be. It is
- The inattentive MPESA agent- I have the option of using an ATM but they just don't seem to care.
- The tailor who won't keep their promise- I have the option of buying from the thousands of malls in Nairobi.
- The hair dresser who overbooks and keeps you waiting- Too many hairdressers in town
- The hotel that wont give you change unless you ask for it.
- The gardener who does the shoddy job.
- The shop owner who won't smile at customers or rude to the customer.
Eventually these small business run out of business. Not because of capital or all those fancy things people at SME conferences talk about but because they don't know just one secret. That Customer is King. That is a constant. In contracts we use the term best endeavours. That as a business you will do anything and everything in your power to satisfy the customer, sometimes even at your own cost.
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