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Kenya: Authorities strike agreement with Safaricom

 |  October 8, 2014

Kenya’s Competition Authority has reportedly reached a settlement with mobile money transfer operator Safaricom following allegations of anticompetitive behavior.

According to reports, the settlement allows Safricom rival M-Pesa agents to work with competing mobile money providers. The CAK first announced in July that it had ordered all exclusive arrangements between Safaricom and its agents must end.

Now, say reports, the watchdog has added the agreement that those agents are free to “transact the mobile money transfer businesses of any other mobile money transfer service providers.”

The CAK also ruled that all of those providers must answer to the Central Bank of Kenya.

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