Kenya has emerged in recent times as one of the fastest growing telecom markets in the world. There is not a single, widely used paradigm which has synthesised the various schools and theories dealing with technology and society. This article argues that the issue of mobile technology on society is a complex technical and social phenomenon that needs to be understood from both ICT and social science perspectives. This study used the concept of governance socio-techno-economic systems as the theoretical framework. System dynamics are used as both the methodology and tool to model the mobile industry impact on society. The study shows that the increase in social capital intensity is an important source of the economic growth. This increase will strengthen the accelerator mechanism of the economy and creates larger multiplier effects. The increase in social capital intensity can be obtained through managing innovation processes base on the development of education and the R&D capacity of the nation.