Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330479 
Year of Publication: 
2023
Citation: 
[Journal:] Essays in Economic & Business History (EEBH) [ISSN:] 2376-9459 [Volume:] 41 [Issue:] 1 [Year:] 2023 [Pages:] 109-133
Publisher: 
Economic and Business History Society (EBHS), Rockford, MI
Abstract: 
This article adds to case studies documenting the collaboration of private and state institutions in the construction of key modern technologies. Specifically, we contribute to the body of literature on the entrepreneurial state by documenting how state intervention in developing economies is not limited to capital-intensive projects and proven technologies but helps to develop markets and facilitate innovation and entrepreneurship, ultimately leading to economic growth. We revisit published sources in order to provide greater detail than previous studies on the role of state agents while also documenting how entrepreneurial states collaborate across borders. These ideas are exemplified by the evolution of state intervention in Kenya leading to the emergence of the world-recognized mobile payment service M-Pesa. The case of M-Pesa illustrates how public-private partnerships, the collaboration in the search for commercial opportunities by British and Kenyan governments, together with an enabling regulatory environment, facilitate technological innovation as a means of enhancing financial inclusion.
Subjects: 
mobile banking
mobile payments
entrepreneurial state
financial inclusion
innovation
Kenya
JEL: 
N27
N87
G21
H70
L33
O31
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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