Safaricom Vs Equity Bank: May the best telco win, says Uhuru Kenyatta at the 6th East African Business Summit in Kigali
President Uhuru Kenyatta on Thursday said he declined to be drawn into the battle between Safaricom and Equity Bank over use of thin SIM card, instead urged those lobbying him to allow competition to drive the market. Reports Nation Media
Addressing business leaders during the 6th East African Business Summit in Kigali, Mr Kenyatta said there is a greater need to allow rivalry in order to deepen mobile money transfer saying this will increase benefits to users.
Cheaper and better products
“Some people came to me to say that licensing this or that will have consequences but I told them the competition between the firms including that of my friend Bob Collymore (Safaricom chief executive officer) is good for the market. Let them (Equity and Safaricom) fight out. All we want is