In 2007, Vodafone, Safaricom and Vodacom launched M - Pesa, a mobile phone - based money transfer, financing, and microfinancing service that transformed the Kenyan economy within a decade.
Perhaps he proposed both initiatives because he was appalled by the behavior of D.C. politicians in the summer scuffle over the debt ceiling and because he believes the public sector right now is incapable of microfinancing in the service of jobs creation.