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Safaricom In Trouble as Parliament Goes after Mpesa, Fuliza, M-shwari In New Bill Safaricom In Trouble as Parliament Goes after Mpesa, Fuliza, M-shwari In New Bill
By Allan Otieno
Members of Parliament have started debate on Kenya Information and Communications (Amendment) Bill a move geared towards ensuring that money transfer units are separated from mother telecommunication companies.
If the bill which is in its second reading sails through, Safaricom, MPESA, Fuliza and M-shwari will be split to run as different entities.
According to the bill’s sponsor Gem Member of Parliament Elisha Odhiambo dominance by some companies such as Safaricom in telecommunication and money transfer business is a threat to the market and to mwananchi at large because it encourages monopoly hence manipulation.