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.
‘‘We want to ensure that we protect our people from manipulation and also ensure that all money transfer units are fully managed by government regulators such as CBK as it happens with banks, as it is the services are highly susceptible,’’ Elisha said.
‘‘We want to see MPESA run as an entity and a different one and there will be a shareholder for that entity so Kenyans will be able to buy shares.’’ He added.