We will not punish success, regulator says of Safaricom

What you need to know:

  • The Communications Authority (CA) Tuesday rejected the proposal to split Safaricom saying that such a move would “punish success”.
  • The CA also opposed a proposal by Gem MP Jakoyo Midiwo that also seeks to separate mobile operators from their mobile money business.
  • Separately, the Competition Authority of Kenya (CAK) confirmed that it had submitted its review of the draft report, expressing views similar to those of the Communication Authority.

Competition and communications sector regulators are reading from the same script in response to proposals that have recommended the splitting of M-Pesa from Safaricom as part of remedies to raise competition among telecommunication firms.

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