 |
 |
Autonomous can be described as being free from external control and constraint in e.g. action and judgment. It is an adjective coming into our space via contemporary technologies: autonomous vehicles, systems, off grid infrastructure etc,. The implication of the adjective “Autonomous” is deeply concerning and mind riveting. In a global arena where the world appears to be inter-connected there are autonomous systems that are emerging. In our part of the world Africa, the possibilities are enormous. For instance, relatively poor African people, previously feared the mainstream banking system that was perceived as watching over one's earthly wealth. Then came a mobile phone which has pacified the banking industry by bringing the banking system to one’s bed room. (the right word is "services closer" to the people(masses)) One keep the money and uses it as one wants on a mobile phone including getting small loans that does not require any security what so ever! The trust is very considerate. Well economists are in for a big shock, as maybe there is an uncontrolled growth of the public debt! Well that's the old analogy since people really as it appears now can control their borrowing! In the same spirit, banks have leapfrogged into the new system by offering ones mobile number as one's account at least here in Uganda. The revolution will not be televised – it is now true decisions are longer made in the boardroom by direct from society on streets, ramshackle villages where society is taking up technology and how the same society is reacts to it in more than fascinating instances. We need to under these new financial systems academically and practically at www.uidc-ea.org - you are welcome. Ref: Mobile money transactions hit Shs 18 billion per day http://observer.ug/news/headlines/53816-mobile-money-transactions-hit-shs-18-billion-per-day.html Mobile money loans exceed Shs30b mark http://www.monitor.co.ug/Business/Mobile-money-loans-exceed-Shs30b-mark/688322-4066746-qbx9ce/index.html Daniel Bwanika -- _____________________________ Bwanika Nakyesawa Luwero _______________________________________________________ [log in to unmask] An urban geography discussion and announcement forum List Archives: http://www.jiscmail.ac.uk/URB-GEOG-FORUM Maintained by: RGS-IBG Urban Geography Research Group UGRG Home Page: http://www.urban-geography.org.uk