Sharp Daily
No Result
View All Result
Thursday, January 8, 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 opens market to duty free sugar imports after 24 years

January 5, 2026
CMA licenses Safaricom & Airtel Money as ISPPs

CMA licenses Safaricom and Airtel Money as intermediary service platform providers in Kenya

December 23, 2025

“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

Kenya’s private sector closes 2025 strong as PMI signals growth momentum

January 7, 2026
Business

Nvidia unveils Vera Rubin AI chip platform amid rising competition and surging data center demand

January 7, 2026
Analysis

KPC NSE listing set to open state-owned energy giant to public investors

January 6, 2026
Business

Bitcoin ATMs appear in kenyan malls, triggering regulatory alarm

December 30, 2025
Business

Communications Authority gears up for call rates review talks with telcos

December 30, 2025
Analysis

Investors to buy and sell NSE shares on M-Pesa from January 2026

December 29, 2025

LATEST STORIES

The Role of Small Wins in a Large Economy

January 7, 2026

Economic Pressures Amid Rising Living Costs and Shifting Benchmarks

January 7, 2026

Kenya’s Widening Income Inequality: Growth Without Shared Prosperity

January 7, 2026

Kenya’s private sector closes 2025 strong as PMI signals growth momentum

January 7, 2026

Co-op bank ends 2025 with record market capitalization and profit growth

January 7, 2026

Nvidia unveils Vera Rubin AI chip platform amid rising competition and surging data center demand

January 7, 2026

KPC NSE listing set to open state-owned energy giant to public investors

January 6, 2026

Kenyan SACCOs begin accepting movable property as security for loans

January 6, 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