"It is a local competitor which will be cheaper and better for the local community." Uber operates in several African countries, including Kenya where it launched in early 2015, drawing customers by offering lower prices and cutting out haggling over fares. Safaricom remains focused on its core businesses of offering calls, texts, Internet access and M-pesa but Collymore said it was seeking new sources of revenue. "It is effectively a rival for Uber," he said. "When M-Pesa was launched it wasn't launched as a big thing.

Source: Standard Digital June 09, 2016 10:41 UTC