Safaricom stole our idea to roll out M-Shwari, Faulu Kenya says

Commercial Bank of Africa group managing director Isaac Awuondo (left), Finance minister Njeru Githae (centre) and Safaricom chief executive officer Bob Collymore during the launch of mobile banking service M-Shwari last month. Faulu Kenya claims that it was the author of M-Shwari, which it has already implemented with Airtel Kenya as Kopa Chapaa mobile loan services. Photo/FILE

What you need to know:

  • Deposit taking company tells court that telecom giant copied its concept and alleges copyright infringe-ment and breach of agree-ment

A financial institution has moved to court to stop Safaricom from operating a recently launched saving and lending service, saying the mobile service provider copied its idea.

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