The benefits for local manufacturing are many including, among others, job creation, research and development, and activating the supply chain of other companies that need to support this manufacturing.
It is partly understandable that the telcos are relatively unresponsive in solving this M-PESA USSD scam. Part of the problem is that it is difficult for them as companies to prove that the alleged scammer wasn't known to the customer.
The state of Africa confirms what Thomas Sankara once said: "The enemies of the people inside the country are all those who have taken advantage of their social position, of their bureaucratic position, to enrich themselves illicitly."
On one hand, you could view the meme economy as disturbing and that people could lose their money as they make decisions based on how viral something is. On the other hand, you have to ask the question - what gives something value?