The battle for control of M-Pesa-backed unit trusts has entangled the Moi family, with delays in launching the product and Safaricom forming a rival fund.
Safaricom tapped investment banker Genghis Capital as the partner fund manager for the rollout of the unit, Mali money market fund, in 2019 as the telco raced to broaden its successful M-Pesa mobile money platform into wealth management.
