[kictanet] Safaricom fights back in Okoa Jahazi case - Business Daily

[Ali Hussein]

Listers

Apologies for cross posting.

Interesting story in the Business Daily today.
Two petitioners have sued Safaricom over the charges it imposes on Okoa Jahazi airtime services, claiming that they are illegal.
Mr Ashford Koome and Eric Kithinji, claim that Safaricom is not licensed to carry out banking services, hence the interest it charges on the airtime advanced to the subscribers is illegal.
Safaricom has however disputed the claims arguing that the charges have been approved by the Communications Authority of Kenya, and that they are not interest but a service charge.
Read on:-

https://www.businessdailyafrica.com/corporate/companies/Safaricom-fights-back-in-Okoa-Jahazi-case/4003102-4311682-ovkd31z/index.html

Regards 

Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 

Twitter: @AliHKassim
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