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Vodacom and Safaricom have completed the acquisition of the M-Pesa brand, product development and support services from Vodafone through a newly-created joint venture. According to a statement released to the media, the transaction – first announced in 2019, will accelerate M-Pesa’s growth in Africa “by giving both Vodacom and Safaricom full control of the M-Pesa...

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Safaricom announced earlier this week that its alternate Director Vivek Badrinath had resigned after serving in that capacity for over three years. Badrinath’s resignation took effect on the 20th of March 2020, and he has been replaced by Francesco Bianco. It was announced on Friday that Bianco had been appointed as the new Substantive Director...

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Vodacom Group and Safaricom’s M-Pesa platform has ambitions to do more than just provide mobile money services, reports BusinessTech. Managing executive for M-Pesa at Vodacom, Chris Williamson, said it plans things like enterprise services, group lending and other financial services. However, it does not have plans to become a digital bank, which operates on a...

Safaricom, Kenya’s largest mobile operator by subscribers, has completed testing and trials of 5G services, and plans to roll out a commercial network later this year. Business Daily quotes the firm’s Acting CEO Michael Joseph as saying that it will initially target major urban centres in select cities with the new 5G service. He added that the...

Kenya’s dominant telecommunications services provider Safaricom has been accused of interfering in the planned merger of Airtel and Telkom. In February 2019, ITWeb Africa reported on the planned merger of Airtel and Telkom in Kenya to establish a joint venture Airtel-Telkom. The newly formed entity would compete directly with Safaricom for market share. Telkom Kenya’s chief executive...