Business News
Man wants to be paid for ‘his’ M-Kesho
File | Nation A client tries out the M-Kesho Mpesa Equity Account during its launch in May. Kenya is viewed as a model in the use of mobile telephony for financial services
Posted Saturday, September 11 2010 at 17:38
In Summary
- Trader says he was shocked later after learning of a deal between Safaricom and Equity on the new product which he claims bears similar features as those he had mooted.
The bank has over four million customers and has carved a niche for itself by offering lower-priced services to its account holders.
The judge, however, declined to issue any orders insisting that all parties to the suit must be heard first.
Mr Njuguna, who trades as Fischer and Fischer Marketing, claims that Equity was in breach of confidence.
He says that the profits the bank has been making constitutes to unjust enrichment using confidential data.
Other than stopping the bank from further use of the said information, Mr Njuguna will also be asking the court to order an inquiry as to damages for the breach of confidence.
The case will be heard in priority basis this September, directed Justice Rawal. It is expected to set a precedent in dealing in intagible intellectual property rights in the country.




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