Safaricom stares at $4.4m fine by telecoms regulator

By Steve UMIDHA On Sep 3, 2018

Kenya’s biggest telecoms operator Safaricom faces a fine of 0.2 per cent of its gross revenue for the last financial year, equivalent to Ksh449 million ($4.47 million), official documents seen by Reuters on Monday showed.

The regulator, Communications Authority of Kenya (CA), said it had decided to impose the fine on the company, part owned by South Africa’s Vodacom and Britain’s, for failing to connect smaller firms.

Safaricom rejects the accusation. It has secured a temporary suspension of the fine pending a hearing before an industry tribunal, the documents showed.

Source: Reuters

Steve UMIDHA 4603 posts 1 comments

Steven Umidha is a data and financial journalist with over 15 years of work experience in journalism and communication.

He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.

He is the founder of Financial Fortune Media, and a Co-founder of One Planet Agency (OPA). He has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.

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