It said:
Central bank governor John Mangudya said : “These unprecedented measures have been necessitated by the need to protect consumers on mobile money platforms which have been abused by unscrupulous and unpartisan individuals and entities to create instability and inefficiencies in the economy.”
He assured members of the pubic that their bona-de transactions will be processed normally.
There had been an outcry on why the directive had come from the government instead of the central bank.
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