The Kenyan telecoms regulatory body, the Communications Authority of Kenya (CA) has issued an operating license to Jambo Pay to commence a virtual mobile network. This will allow Jambo Pay to lease spectrum from mobile network operators and roll out mobile services, a development observers say will intensify the telco competition in an industry dominated by Safaricom.

Speaking on the development, Jambo Pay CEO Danson Muchemi showed his excitement saying that “we have been granted License for Mobile Virtual Network Operator. This we intend to utilise to provide additional services to our client base. The services will include IoT (Internet of Things services).”

Read also:Telecom Operator Moov Benin Becomes Moov Africa

The company plans to invest Sh300 million following the approval and will target mobile payments in sectors like public transport and the energy sector.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry