Kenya suspends mobile bond due to high operator fees

Monday 5 December 2016 | 12:21 CET | News
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Kenya's National Treasury has launched investigations into telecommunications companies it accuses of imposing excessively high rates on mobile money payments, reports The EastAfrican. These rates, according to the Treasury Cabinet Secretary Henry Rotich, have caused the government to suspend its mobile-based bond trading programme, intended to promote small investors making investments as low as KES 3,000.

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Categories: Mobile & Wireless
Companies: Airtel / Equitel / Safaricom / Telkom Kenya
Countries: Kenya
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