Kenya: Again CCK Moves to rein in Safaricom dominance in Financial Services

Good afternoon good people

I was not amused to receive an opinion message from CCK where Communications Commission of Kenya,stated it would take a firm stance on regulating money transfer industry, which to me is one way of stifling M-Pesa Biashara growth maybe to give room for Zap and Yu to get a footing

Now to poke you mind
Is there something that common man is missing in this game,as in wider and bigger picture?
Is Safaricom being punished for its innovations or something else.
Zain and Yu can within seconds close shop and no one could be held responsibly unlike Safaricom which government and Kenyans will be directly and indirectly affected

Safaricom has already suffered some revenue due to price cuts in calling rates because it will be suicidal for Safaricom to dare revise
its now calling rates upwards.

Maybe Kenya is embracing Arabs/Asianazation of telecom industry basing on moneyed Zain who has fired first salvo followed by YU ,

Thanks
Gibson Amenya
Email: gib.amenya@enigma.or.ke
Audit,Taxation and Business Advisory Services

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