Kenya’s competition regulator has received a World Bank award for pushing for disclosure of phone-based transactions, lowering of third-party mobile banking charges and removing restrictions between Safaricom #ticker:SCOM and Airtel agents. The Competition Authority of Kenya (CAK) and the United Kingdom’s Competition and Markers Authority (CMA) were co-winners at this year’s Competition Advocacy Contest for their role in “promoting structural reforms in key sectors.”
The CAK received recognition for forcing Safaricom to allow its rivals such as Airtel to operate from the same shop with M-Pesa agents. The watchdog also compelled telcos to disclose and lower third-party charges popularly referred to as USSD.
