Senate revives Safaricom’s market dominance debate

safaricom plc

People Daily | by Hillary Mageka

Senators have reignited the push to have giant communications company, Safaricom Plc declared a dominant player even as the country’s most profitable telco reels from the shocks of the global coronavirus pandemic.

They have also suggested the telco, which posted a 6 per cent drop in half-year profit, be split into two so that on the one hand, mobile telephony service be regulated by Communication Authority of Kenya (CA) while M-Pesa division is checked by the Central Bank of Kenya (CBK)…

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