Safaricom has revealed it would only consider splitting its mobile money platform M-Pesa from the rest of the telecoms business if the move adds value to its investors and customers, signalling a sticky path ahead for the Central Bank of Kenya (CBK) which has been pushing for the transaction.
Peter Ndegwa, the chief executive at Safaricom, told the Business Daily that the telco doesn’t feel any pressure to implement the hive-off, which also poses a Sh75 billion tax liability headache to the company unless its board is convinced that such a transaction will add value to investors and millions of customers.
