Sharp Daily
No Result
View All Result
Friday, June 20, 2025
  • 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 partners with Moja Expressway for easy toll payments

December 5, 2024

COMESA opens investigation into Coca-Cola’s trade agreements

October 16, 2024

“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

Banking

CBK cuts policy rate by 25 bps to 9.75% from 10.00%

June 12, 2025
Business

Kenya’s coffee sector revitalization

May 19, 2025
Business

How digital tools are transforming youth agribusiness in Kenya

May 19, 2025
Business

Privatization of sugar millers sparks debate

May 15, 2025
Business

Safaricom forecasts earnings boost as Ethiopian losses shrink

May 14, 2025
Business

Kenya’s new digital tax: Impact on businesses and consumers

May 6, 2025

LATEST STORIES

Unlocking long-term wealth with the power of compounding

June 19, 2025

HealthCare investment trends and insights

June 19, 2025

Saving vs Investing

June 19, 2025

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025

It’s Parliament vs Treasury on the battle over zero-rated essentials.

June 19, 2025

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
1049795356

CIDDF vs Annuities: Choosing the Smarter Retirement Income Option

June 19, 2025
  • 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