Safaricom move timely

People walking past a Safaricom shop in Nairobi. FILE PHOTO | NMG

Telecoms giant Safaricom says it is working on reducing charges on its mobile loan products like M-Shwari and Fuliza to make life easier for its customers.

The telco is saying this against the backdrop of a frenzy to borrow from mobile platforms, many of them unregulated and one of the reasons the President chose to remove the three-year old capping of bank borrowing interest.

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