If the court rules in the Petitioners' favour, what would be the options for Safaricom? 1. Scrap the Okoa jahazi service completely? I am aware this service has been of great help to the "down trodden". 2. Offer the service at no cost? After all, if your client has no liquidity at a particular time, do you do away with them? Regards ______________________ Mwendwa Kivuva, Nairobi, Kenya twitter.com/lordmwesh On 20 February 2018 at 09:58, Ali Hussein via kictanet <[email protected]> wrote:
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-bac...
Regards
Ali Hussein Principal Hussein & Associates +254 0713 601113
Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim
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