Connect with us

Business News

Strong signals for Faiba mobile money service



Jamii Telecom chairman Joshua Chepkwony in an interview said the company is moving to protect its brand through the new trademarks.

Jamii Telecom has applied to register trademarks for payments and mobile money services, signalling plans of venturing into this lucrative segment of the telecom business.

The June 2017 edition of the Industrial Property Journal shows that Jamii Telecom, which operates the Faiba brand, has applied for five new trademarks including Faiba Money, Faiba Mobile and Faiba Pay.

Jamii Telecom chairman Joshua Chepkwony in an interview said the company is moving to protect its brand through the new trademarks. He added that Jamii had not sought regulatory approvals for mobile money but did not rule out offering the services in the future.

“At this point that is not our focus… At this stage we don’t think we are interested in the issue of mobile money. I can’t tell you what happens in the future,” said Mr Chepkwony.

Jamii’s entry will step up competition in the sector.

SEE: Lipa Na M-Pesa developer brings another surprise

Mobile network operators Airtel, Telkom Kenya and Safaricom, have protested the issuance of 4G frequencies to Jamii Telecom arguing that the government had promised to auction these resources in an open and fair process.

According to the Industrial Property Journal, the company has also sought to trademark a 4G Internet brand.

The Communications Authority responded by saying the issuance was above board and that Jamii was expected to pay the full spectrum fees once the trial period lapses.

The Kenya Industrial Property Institute (KIPI), which publishes the journal, gave the public 60 days to protest the new trademarks. [copyright: Business Daily]


Business Daily is Kenya's only daily business newspaper published by the Nation Media Group. The newspaper, launched in March 2007, is published from Monday to Friday, with the Friday edition circulating over the weekend. It is based at the Nation Centre in Nairobi.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Updates

Health2 days ago

Floods could contaminate water sources: Davis & Shirtliff

Leading water and energy solutions provider, Davis & Shirtliff is advising Kenyans with wells, boreholes or reservoirs of possible water...

Media Review2 days ago

Jeff Koinange isn’t as smart as he’d like you to believe

Veteran journalist under fire following for allegedly betraying his shallow understanding of issues he discusses on the JKL show

Health2 days ago

Kenya to host continental congress on cleft lip and palate

The theme of the congress will be 'Shaping the future of cleft care in Africa by setting standards and protocols...

NEWS2 days ago

Flight attendant dies after tumbling from Emirates plane

The exact cause of the incident was not yet clear, but some witnesses cited possible suicide

NEWS3 days ago

Mombasa Road closed as River Athi bursts into homes

Thousands set to be affected after River Athi broke its banks and flooded the highway at the Green Park area...

Opinion3 days ago

Empowering Generation Z through technology

Africa needs to consider that it may be the role of the children to teach ICT skills to their elders,...

NEWS3 days ago

NTSA guide for drivers and pedestrians in heavy rains

Director General Francis Meja says the heavy rains experienced in most part of the country creates potentially dangerous conditions for road...

Education3 days ago

10,896 primary school girls to get sanitary towels

The needy girls will also get a year's supply of underwear as well as puberty education and life skills through...

NEWS3 days ago

Moving floods photos that show Nairobi is a ticking timebomb

The flooding once again put the country's capital in the spotlight as authorities continue to sit on plans to resuscitate...

Person of Interest3 days ago

Chris Kirubi’s first public appearance after treatment

The silence from his family and business associates since November has raised concerns about his health