Vodafone to Sell M-PESA Holding Company for a Dollar to Safaricom

Safaricom will buy M-Pesa Holding Company Limited (MPHCL) from Vodafone Group plc. However, the transaction is subject to regulatory approvals. MPHCL holds M-Pesa customer funds in trust for the benefit of M-Pesa customers in Kenya. “On 17 April 2023, the group entered into an agreement to sell M-Pesa Holding Company Limited (MPHCL) to Safaricom Plc, … Continue reading Vodafone to Sell M-PESA Holding Company for a Dollar to Safaricom