Kenyan MP proposes Safaricom should split off M-Pesa

Wednesday 22 February 2017 | 09:42 CET | News
A Kenyan lawmaker has proposed breaking up mobile operator Safaricom, which he said is offering banking services without the necessary licence, Reuters reported, citing Parliamentary proceedings. Jakoyo Midiwo, the deputy minority leader in Kenya's National Assembly, said he was proposing amendments to laws on banking and communications to force Safaricom to separate off M-Pesa, which is regulated by the central bank, from telecoms.

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