Sharp Daily
No Result
View All Result
Sunday, August 9, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Business

Airtel money under investigation for misleading practices in Africa

Huldah Matara by Huldah Matara
February 3, 2025
in Business
Reading Time: 1 min read

The COMESA Competition Commission (CCC) has initiated an investigation into Airtel Mobile Commerce B.V., citing potential breaches of Articles 27 and 28 of the COMESA Competition Regulations. The probe focuses on the company’s international money transfer (IMT) services across multiple African markets.

The Commission’s preliminary findings suggest that Airtel Mobile Commerce may have engaged in misleading practices, denying consumers full transparency in their transactions. Specifically, the CCC highlights concerns regarding the final confirmation messages sent to recipients, which may not disclose crucial details, including exchange rates and intermediary charges.

According to the Commission, in the case of Airtel Mobile Money Kenya, “the charges displayed to the sender at the point of initiation do not include details of the intermediary parties, as well as the final charges applicable to consumers.” Similar concerns were raised in Uganda, where exchange rate discrepancies were observed between what was presented to users and the actual rates applied.

The CCC emphasized that these alleged practices may amount to violations under Article 27, which prohibits businesses from providing false or misleading information to consumers. Furthermore, Article 28 forbids companies from engaging in transactions deemed “in all circumstances, unconscionable.”

RELATEDPOSTS

Airtel Money launches Bizna Wallet for Kenya’s small businesses

August 4, 2026

Nedbank’s NCBA buyout clears key regional competition hurdles

June 29, 2026

“The alleged conduct is considered misleading and unconscionable as it denies consumers the right to material information required to make informed decisions,” the Commission stated.

The regulator has invited stakeholders, including affected consumers and competitors, to submit their comments and representations by February 28, 2025.

While the commencement of the investigation does not presuppose wrongdoing, the CCC is expected to determine whether Airtel Mobile Commerce’s practices violate competition and consumer protection laws across the region.

Airtel Mobile Commerce has yet to respond to the allegations.

Previous Post

Shared goals, shared growth: A couple’s guide to money market funds

Next Post

Rigathi Gachagua to reveal political direction on February 9

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

Analysis

Nedbank’s NCBA acquisition set to reshape east africa’s banking Landscape

August 5, 2026
Business

Kenya sets 10 million tonne ceiling on carbon credit exports

August 5, 2026
Business

Kenya bets on blockchain to clear its cargo backlog

August 3, 2026
Business

BAT Kenya bets on nicotine pouches to drive up to a fifth of sales

July 30, 2026
Business

NCBA investors set for sh116bn payout

July 23, 2026
KRA
Business

Kenya rolls out digital Advance Cargo Declaration system from August 2026

July 15, 2026

LATEST STORIES

Kenya’s Capital Markets Recovery

August 7, 2026

AI and the Future of Pension Fund Management

August 7, 2026

Kenya’s retirees are finally waking up to the cost of growing old

August 7, 2026

THE AI INFRASTRUCTURE RACE RESHAPES GLOBAL CAPITAL ALLOCATION

August 7, 2026

Infrastructure Finance Growth Drives Regional Bank Expansion

August 7, 2026

Central Banks Shift to Stablecoin Prudential Integration

August 7, 2026

High Court Challenges Mobile Money Regulation

August 7, 2026

US and UK Deepen Stablecoin Regulatory Standards

August 7, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024