Sharp Daily
No Result
View All Result
Tuesday, February 17, 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

Kenya’s telecoms face stricter quality rules as authority moves to raise standards to 90 percent

January 14, 2026

Airtel plans digital overdraft to challenge Safaricom’s fuliza

January 14, 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

Business

Soros backed Delta40 raises Sh2.6 billion to expand funding for African startups

February 13, 2026
Analysis

CBK 10th rate cut: A simple breakdown for everyday kenyans

February 13, 2026
Analysis

NSSF early pension access proposal

February 13, 2026
Analysis

Kenya approves ksh 4.7 trillion budget for growth

February 11, 2026
Analysis

Safaricom ziidi trader, bringing stock market investing to m-pesa

February 10, 2026
Business

Asset Diversification for Retirement Benefits Schemes

February 6, 2026

LATEST STORIES

Proposed Two-Pot pension system aims to balance flexibility and retirement security

February 17, 2026

How mobile Investors, a stable shilling and rate cuts are powering the NSE’s record wealth surge

February 16, 2026

State races to raise Sh106.3 billion from Kenya Pipeline Company IPO as uptake slows

February 16, 2026

Jumia Cuts 2025 Losses by 38.0% as Market Exits and Cost Discipline Drive Path to Profitability

February 13, 2026

Strengthening accountability to break Kenya’s corruption cycle

February 13, 2026

Soros backed Delta40 raises Sh2.6 billion to expand funding for African startups

February 13, 2026

February 13, 2026

Embedded Finance: The invisible force reshaping banking

February 13, 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