Small businesses in Africa often suffer huge set backs by lack of the needed finances to efficiently run their small enterprises. Having a system that manages the business such as accounts, payroll, and business transactions is not always possible due to its high cost. However, a new application through OpenWorld run by Geoffrey Kamau could help change this. This new application built upon open source software can help small businesses in Africa become more efficient in an affordable way. OpenWorld allows small businesses to move away from paper usage in their businesses, such as book keeping and payroll management. Utilizing the platform known as OpenBusiness that runs on the cloud, small businesses can subscribe monthly through a small fee, of around $7.50 USD, enabling them to manage employees, payroll, accounts, online sales, tax and point of sales through the platform. Before, this could cost up to several thousand dollars, but now small businesses can pay monthly at a low price to access the same software and manage their business. This will also allow small businesses to run consumer royalty schemes that were only available through big retailers like Uchumi, Naivas, and etc that charged small businesses more than they can afford. For example now, barbershops no longer have to keep track of customers’ visits through a handwritten notebook, but through the automated OpenBusiness. This allows small businesses in Africa to become more efficient and encourages formalization of the informal economy. This new tool was revealed at the AITEC East Africa ICT Summit in Kenya this month, hopefully utilization of the tool would be widespread soon. Optimistically, with this new ICT that is both affordable and easy to use, small businesses can become more efficient and expand, helping the developing economies in Africa.
2 November 2012
Small Business Reap From Kenya’s ICT Innovations
This entry was posted on Friday, November 2nd, 2012 at 9:45 pm and tagged with Africa, Business&Industry, ICT, Kenya, open source and posted in Business & Economy, Technology Tools. You can follow any responses to this entry through the RSS 2.0 feed.
3 responses to “Small Business Reap From Kenya’s ICT Innovations”
- RT @gentile_orjulia: “@gatesfoundation: Why banks can, and should, take on the "unbanked": Video interview with @BillGates: http://t.co/6mu… 3 years ago
- Good intentions alone can mean a faulty foundation for #development. Check out our classmate's perspective: tulaneict4d.wordpress.com/2014/04/30/les… #ICT4D 4 years ago
- @AgroamCommunity how interesting! Is equity #access available to most agricultural partners in your communities? #ICT4D 4 years ago
- @wayan_vota Wow! Know of any similar projects or plans to continue/extend this trial? #ICT4D #SMS #literacy 4 years ago
- @melindagates What programs/organizations are combating deadly #mosquitoes? Which are most successful and what are the benefits? #IDEV 4 years ago
- #Internet Africa agriculture Arab Spring bangladesh brazil China Communication computers corruption crowdsourcing Cyber Security Cybersecurity development digital divide disaster relief disaster response disasters e-government e-learning education Facebook failure Failures in ICT4D gender ghana GIS google government Haiti Health healthcare ICT ICT4D ICT4D Professional ICT policy ICTs India infrastructure internet ITU Kenya kony 2012 mapping MDGs mHealth mobile Mobile Phones mobiles mobile technology Nigeria OLPC One Laptop Per Child Peru Poverty Radio Richard Heeks rural development Rwanda SMS Social Media South Africa sustainability Tanzania technology Telecommunications telemedicine Twitter Uganda UN United States Ushahidi women World Bank YouTube
- 94,711 hits