Aggregate demand is a function of credit market conditions, and credit market conditions are a function of medium to long-term interest rates: interest rates on mortgages, on non-financial corporations’ loans funding longterm investment projects, and so on.
Mobile money transactions totalled Shs 11.7 trillion in 2012, a 211 percent increase over the total in 2011. Furthermore, mobile banking offers enormous potential for further expansion, especially by broadening the type of service which can be provided to customers.